SpyGlass Pharma, Inc. Common Stock (SGP)

Most of this company's reported income is interest, so we do not rate it Halal.

AAOIFI Standard 21 allows income from prohibited sources such as interest of up to 5% of a company's total income. SpyGlass Pharma, Inc. Common Stock earns little or no revenue from its operations yet, so the interest on its cash makes up most or all of what it earns. This is not a Not Halal ruling on the business itself: the verdict stays under review until its operating revenue outweighs its interest income, and we re-screen as new financials are filed.