What is Zenas BioPharma, Inc.'s Shariah compliance score?

Zenas BioPharma, Inc.'s (ZBIO) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Zenas BioPharma, Inc. pass AAOIFI screening?

Zenas BioPharma, Inc. (ZBIO) 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% (ZBIO: 6.0%), (3) interest-bearing deposits below 30% (ZBIO: 26.1%), and (4) prohibited income below 5% (ZBIO: 33.9%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Zenas BioPharma, Inc. stock?

Zenas BioPharma, Inc. (ZBIO) has a non-permissible income ratio of 33.94%. Muslim investors should purify this percentage of any dividends received and capital gains realized from ZBIO 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 Zenas BioPharma, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Zenas BioPharma, Inc. (ZBIO) 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 ZBIO's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

ZBIO: Is Zenas BioPharma, Inc. Halal?

Zenas BioPharma, Inc.

NASDAQHealthcareUS

$29.43

+2.31%

Market Cap: 1.3B

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Zenas BioPharma, Inc. (ZBIO) halal? Not Halal. Based on AAOIFI screening, Zenas BioPharma, 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%.

6.0% of 30.0% limit

What this means for you

Most scholars advise not holding ZBIO

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Zenas BioPharma, Inc.

Zenas BioPharma, Inc. functions as a clinical-stage biopharmaceutical firm, concentrating on the creation and market introduction of innovative, immunology-based treatments. The company's primary investigational therapy is obexelimab, a distinctive bifunctional monoclonal antibody intended to address multiple diseases such as immunoglobulin G4-related disease, multiple sclerosis, systemic lupus erythematosus, and warm autoimmune hemolytic anemia. Its developmental portfolio also features ZB002, an anti-TNFa monoclonal antibody; ZB004, a cytotoxic T-lymphocyte-associated antigen 4-immunoglobulin fusion; ZB001, an anti-insulin-like growth factor-1 receptor monoclonal antibody; and ZB005, an anti-active complement component 1s monoclonal antibody. Established in 2019, the entity was formerly recognized as Zenas BioPharma (Cayman) Limited before adopting its current name, Zenas BioPharma, Inc., in August 2023. Its headquarters are located in Waltham, Massachusetts.

Sector: Healthcare · Industry: Biotechnology

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 2026

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

$3.73

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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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Frequently Asked Questions

Is Zenas BioPharma, Inc. (ZBIO) halal to invest in?

Zenas BioPharma, Inc. (ZBIO) 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 Zenas BioPharma, Inc. get a F compliance rating?

Zenas BioPharma, Inc. (ZBIO) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 6.0% (limit 30%); interest-bearing deposits of 26.1% (limit 30%); prohibited income of 33.94% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Zenas BioPharma, Inc.'s Shariah verdict?

Zenas BioPharma, 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 Zenas BioPharma, Inc. re-screened for Shariah compliance?

Zenas BioPharma, Inc. (ZBIO) 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 18, 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.