Phathom Pharmaceuticals, Inc.

PHAT: Is Phathom Pharmaceuticals, Inc. Halal?

Phathom Pharmaceuticals, Inc.

NASDAQHealthcareUS

$9.18

+2.68%

Market Cap: 742.7M

Compliance Status

Halal

Screened on Aug 31, 2026 · AAOIFI Standard 21

C+

Fair

51Score

Is Phathom Pharmaceuticals, Inc. (PHAT) halal? Halal. Based on AAOIFI screening, Phathom Pharmaceuticals, Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 51/100 (Grade: C+).

Quote this verdict

HalalScreener rates Phathom Pharmaceuticals, Inc. (PHAT) Halal, 51/100, grade C+ under AAOIFI Standard 21, screened Aug 31, 2026. Source: https://halalscreener.app/en/stock/PHAT

Business activity

What the company sells is permissible.

Passed

Company debt

Within the limit

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

22.2% of 30.0% limit

What this means for you

You can own PHAT

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

Purification amount is Pro

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

About Phathom Pharmaceuticals, Inc.

Phathom Pharmaceuticals, Inc. operates as a clinical-stage biopharmaceutical firm, dedicated to advancing and commercializing therapies for gastrointestinal ailments. A pivotal asset for the company is vonoprazan, a distinctive potassium-competitive acid blocker (P-CAB) designed to effectively inhibit gastric acid production, for which Phathom holds commercial rights across the United States, Europe, and Canada. This compound is currently undergoing advanced (Phase III) clinical trials for the treatment of erosive gastroesophageal reflux disease (GERD), and also as a component of combination therapy with antibiotics to combat Helicobacter pylori (H. pylori) infection. Established in 2018, Phathom Pharmaceuticals maintains its corporate headquarters in Florham Park, New Jersey.

Sector: Healthcare · Industry: Biotechnology

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 31, 2026

Compliance History

  1. Halalnow

    since Aug 2026

  2. Doubtful

    until the change above

  3. 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 Phathom Pharmaceuticals, Inc. (PHAT) halal to invest in?
Based on AAOIFI Standard 21 screening, Phathom Pharmaceuticals, Inc. (PHAT) is rated Halal with a compliance grade of C+ (Fair). 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 Phathom Pharmaceuticals, Inc. get a C+ compliance rating?
Phathom Pharmaceuticals, Inc. (PHAT) received a grade of C+ (Fair) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 22.2% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Phathom Pharmaceuticals, Inc.'s Shariah verdict?
Phathom 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 Phathom Pharmaceuticals, Inc. re-screened for Shariah compliance?
Phathom Pharmaceuticals, Inc. (PHAT) 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.