What is ARS Pharmaceuticals, Inc.'s Shariah compliance score?

ARS Pharmaceuticals, Inc.'s (SPRY) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does ARS Pharmaceuticals, Inc. pass AAOIFI screening?

ARS Pharmaceuticals, Inc. (SPRY) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (SPRY: 12.5%), (3) interest-bearing deposits below 30% (SPRY: 31.7%), and (4) prohibited income below 5% (SPRY: 33.5%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for ARS Pharmaceuticals, Inc. stock?

ARS Pharmaceuticals, Inc. (SPRY) has a non-permissible income ratio of 33.45%. Muslim investors should purify this percentage of any dividends received and capital gains realized from SPRY shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen ARS Pharmaceuticals, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for ARS Pharmaceuticals, Inc. (SPRY) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about SPRY's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

SPRY: Is ARS Pharmaceuticals, Inc. Halal?

ARS Pharmaceuticals, Inc.

NASDAQHealthcareUS

$8.90

-5.62%

Market Cap: 883.8M

Compliance Status

Not Halal

Screened on Jul 17, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is ARS Pharmaceuticals, Inc. (SPRY) halal? Not Halal. Based on AAOIFI screening, ARS Pharmaceuticals, Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

AvoidBorderlineClean

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%.

12.5% of 30.0% limit

What this means for you

Most scholars advise not holding SPRY

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About ARS Pharmaceuticals, Inc.

ARS Pharmaceuticals, Inc. develops ARS-1, a novel intranasal epinephrine spray with absorption technology for patients and their families at-risk of severe allergic reactions to food, medications, and insect bites. Its product includes Neffy, a low-dose intranasal epinephrine nasal spray. The company was incorporated in 2015 and is based in San Diego, California.

Sector: Healthcare · Industry: Biotechnology

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 17, 2026

Compliance History

Not Halalnow
since Jun 2026
Doubtful
until the change above
Not Halal
until the change above

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

Fiscal: Q1 2026Data source: EDGAR

Halal Alternatives in Healthcare

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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Kotra Industries Bhd

$3.72

+0.01%

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LYC Healthcare Bhd

$0.01

+0.00%

0101.KLA+

TMC Life Sciences Bhd

$0.47

+0.00%

0155.KLA+

Malaysian Genomics Resource Centre Bhd

$0.29

+0.00%

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Free · No credit card required

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Frequently Asked Questions

Is ARS Pharmaceuticals, Inc. (SPRY) halal to invest in?

ARS Pharmaceuticals, Inc. (SPRY) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did ARS Pharmaceuticals, Inc. get a F compliance rating?

ARS Pharmaceuticals, Inc. (SPRY) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 12.5% (limit 30%); interest-bearing deposits of 31.7% (limit 30%); prohibited income of 33.45% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change ARS Pharmaceuticals, Inc.'s Shariah verdict?

ARS 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 ARS Pharmaceuticals, Inc. re-screened for Shariah compliance?

ARS Pharmaceuticals, Inc. (SPRY) 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: Jul 17, 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.