Madrigal Pharmaceuticals, Inc.

MDGL: Is Madrigal Pharmaceuticals, Inc. Halal?

Madrigal Pharmaceuticals, Inc.

NASDAQHealthcareUS

$538.80

-2.26%

Market Cap: 12.4B

Compliance Status

Halal

Screened on Aug 31, 2026 · AAOIFI Standard 21

A

Very Good

82Score

Is Madrigal Pharmaceuticals, Inc. (MDGL) halal? Halal. Based on AAOIFI screening, Madrigal Pharmaceuticals, Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 82/100 (Grade: A).

Quote this verdict

HalalScreener rates Madrigal Pharmaceuticals, Inc. (MDGL) Halal, 82/100, grade A under AAOIFI Standard 21, screened Aug 31, 2026. Source: https://halalscreener.app/en/stock/MDGL

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

2.8% of 30.0% limit

What this means for you

You can own MDGL

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

Purification amount is Pro

We have screened MDGL's prohibited income, but the exact share you would need to purify is part of Pro.

About Madrigal Pharmaceuticals, Inc.

Madrigal Pharmaceuticals, Inc. is a biopharmaceutical company in the clinical development phase, concentrating its efforts on discovering and commercializing innovative treatments for cardiovascular, metabolic, and liver disorders. Its most advanced drug candidate, resmetirom, functions as a liver-targeted selective thyroid hormone receptor-ß agonist, currently undergoing late-stage (Phase III) clinical trials for managing non-alcoholic steatohepatitis (NASH). The company's pipeline also features MGL-3745, which serves as a secondary or backup compound to resmetirom. Madrigal holds a collaborative agreement with Hoffmann-La Roche, encompassing research, development, and commercialization activities. The company's operations are based out of West Conshohocken, Pennsylvania.

Sector: Healthcare · Industry: Biotechnology

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 31, 2026

Compliance History

  1. Halalnow

    since Aug 2026

  2. Not Halal

    until the change above

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: Q2 2026Data source: EDGAR
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Frequently Asked Questions

Is Madrigal Pharmaceuticals, Inc. (MDGL) halal to invest in?
Based on AAOIFI Standard 21 screening, Madrigal Pharmaceuticals, Inc. (MDGL) is rated Halal with a compliance grade of A (Very Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).
Why did Madrigal Pharmaceuticals, Inc. get a A compliance rating?
Madrigal Pharmaceuticals, Inc. (MDGL) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 2.8% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Madrigal Pharmaceuticals, Inc.'s Shariah verdict?
Madrigal Pharmaceuticals, Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is Madrigal Pharmaceuticals, Inc. re-screened for Shariah compliance?
Madrigal Pharmaceuticals, Inc. (MDGL) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Aug 31, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.