--- title: "Is Eli Lilly Stock Halal?" canonical: https://www.halalwallet.ca/is-it-halal/eli-lilly-stock publisher: HalalWallet license: CC BY 4.0 verdict: halal verdict_label: Halal entity_type: stock ticker: LLY exchange: NYSE last_reviewed: 2026-06-15 data_as_of: 2026-03-31 standards_disagree: true authorities_with_position: 4 authority_agreement: unanimous --- # Is Eli Lilly Stock Halal? **Authority consensus:** All 4 halal screening authorities with a published position rate Eli Lilly and Company halal. **Verdict: Halal** (Generally permissible) Eli Lilly and Company (LLY) passes our AAOIFI-based screen. Its core business is permissible, and (data as of 2026-03-31) interest-bearing debt is 4.1% of market cap and cash plus interest-bearing securities 0.5% — both inside the 30% AAOIFI thresholds. It is independently held by Shariah-screened ETF HLAL, confirming it passes professional screens. Ratios move with the share price, so check the data-as-of date; any incidental interest income should be purified. > HalalWallet is not a Shariah authority and does not issue religious rulings. We compile the most complete public record of what Shariah scholars, screening authorities, and mainstream standards say — reproduced from primary sources with dates and citations — and let you decide. ## How we read the evidence Eli Lilly is a clean case for halal investors. It is a pure-play pharmaceutical company — its business is discovering, manufacturing, and selling prescription medicines, most prominently the Mounjaro and Zepbound diabetes-and-obesity franchise that has driven its recent growth. Producing and selling medicine is a permissible activity, so the business-activity screen passes without complication, and the stock is held by the Wahed FTSE USA Shariah ETF (HLAL), which independently confirms it clears the FTSE Shariah screen. The financial ratios are comfortably inside AAOIFI limits. Eli Lilly carries modest interest-bearing debt relative to its very large market capitalization, holds little excess interest-bearing cash, and earns only a tiny sliver of interest income — about 0.2% of revenue on our screen, with independent screeners reporting figures in the 0.26%–0.42% range. All three of these are far below their thresholds, which is why screeners including Zoya, Musaffa, and ShariaPortfolio all classify the stock as compliant. The practical takeaway: Eli Lilly passes both the business and financial screens cleanly today. As always, a pass is dated — ratios move with the share price and new filings — so check the data-as-of date on this page, and purify the small proportional share of any dividends attributable to incidental interest income. Avoid margin and options on the position. ## Business activity screen Result: Pass Eli Lilly and Company is a global pharmaceutical company that discovers, develops, and sells prescription medicines. Its revenue is concentrated in diabetes and obesity care (the Mounjaro and Zepbound tirzepatide franchise), along with oncology, immunology, and neuroscience drugs. Manufacturing and selling pharmaceuticals is a permissible business activity. Core pharmaceutical revenue raises no business-screen issues. The only review point is interest income earned on corporate cash — roughly 0.2% of revenue on our screen (independent screeners report it in the 0.26%–0.42% range), far below the 5% AAOIFI threshold. Investors following standard purification practice should donate the proportional share of dividends attributable to that income. No alcohol, gambling, tobacco, or interest-based lending lines are disclosed in the 10-K. ## Financial ratio screen (AAOIFI) Data as of: 2026-03-31 | Screen | Value | Limit | Result | |---|---|---|---| | Interest-bearing debt / market cap | 4.1% | < 30% | Pass | | Cash + interest-bearing securities / market cap | 0.5% | < 30% | Pass | | Impermissible income / total revenue | 0.2% | < 5% | Pass | Screening basis: AAOIFI Shariah Standard No. 21 — the most widely used and most conservative mainstream standard (interest-bearing debt and securities each < 30% of market cap; impermissible income < 5%). Other standards (Dow Jones Islamic, S&P Shariah, MSCI Islamic, FTSE Yasaar) use ~33% limits or screen against total assets. Full methodology: https://www.halalwallet.ca/halal-stock-screening-methodology ## How it screens across Shariah standards These standards disagree on this company — it passes some and fails others, which is why different apps can show different answers. The headline label follows AAOIFI (the strictest mainstream standard). | Standard | Debt | Cash & interest securities | Limit / basis | Result | |---|---|---|---|---| | AAOIFI (our standard) | 4.1% | 0.5% | < 30% of market cap | Pass | | Dow Jones Islamic / S&P Shariah threshold | 4.1% | 0.5% | < 33% of market cap | Pass | | MSCI Islamic / FTSE Yasaar basis | 37.2% | 4.5% | < 33.33% of total assets | Fail | HalalWallet computation reproducing each standard's threshold and denominator from public filings (balance sheet as of 2026-03-31) — not the providers' licensed index determinations, which can differ. Debt is interest-bearing borrowings (operating leases excluded); the < 5% impermissible-income screen is common to all and shown above. Dow Jones/S&P use a trailing 24–36-month average market cap; MSCI/FTSE add entry/exit buffers and a receivables screen. ## Scholars' and screeners' positions - **Wahed FTSE USA Shariah ETF (HLAL)**: Held in HLAL as of 2026-06-13 — passed the FTSE Shariah screen applied by the fund. ([source](https://stockanalysis.com/etf/hlal/holdings/)) - **Zoya**: Classifies LLY as Shariah-compliant under its AAOIFI-based methodology, reviewed at least quarterly. ([source](https://zoya.finance/stocks/lly)) - **Musaffa**: Classified HALAL as of May 2026 based on AAOIFI business-activity and financial-ratio screens (report source: 2026 Q1). ([source](https://musaffa.com/stock/LLY/)) - **ShariaPortfolio Screener**: Rates LLY Shariah Compliant under AAOIFI; reports impure revenue at 0.26% of total revenue, well within the 5% limit. ([source](https://spscreener.mxcorporate.com/newstock/lly/)) ## Purification Even Shariah-compliant companies typically earn a small amount of incidental interest on corporate cash. The standard practice is to purify: donate the proportion of your dividends (and, per some scholars, capital gains) attributable to impermissible income. Our purification calculator automates the math from your holding and the company's disclosed figures. ## Sources - LLY latest quarterly filing (balance sheet 2026-03-31) (https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&company=Eli%20Lilly%20and%20Company&type=10-Q) - AAOIFI Shariah Standards (https://aaoifi.com) - Eli Lilly and Company 10-K filings (SEC EDGAR) (https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=LLY&type=10-K) - HLAL (Wahed FTSE USA Shariah ETF) holdings — Eli Lilly held (top-10 position, Jun 2026) (https://stockanalysis.com/etf/hlal/holdings/) - Zoya — LLY Shariah compliance status (compliant) (https://zoya.finance/stocks/lly) - Musaffa — LLY Shariah status (HALAL, May 2026) (https://musaffa.com/stock/LLY/) - ShariaPortfolio Screener — LLY Shariah Compliant (AAOIFI) (https://spscreener.mxcorporate.com/newstock/lly/) ## Frequently asked questions ### Is Eli Lilly and Company (LLY) stock halal? Yes, under our AAOIFI-based methodology Eli Lilly and Company passes the business-activity and financial-ratio screens as shown on this page (data as of 2026-03-31). Check the dated ratio table before investing; ratios move with the share price. ### Does Eli Lilly and Company pass the AAOIFI financial ratio screen? As of 2026-03-31: interest-bearing debt is 4.1% of market cap (limit < 30%); cash plus interest-bearing securities is 0.5% (limit < 30%). The impermissible-income line is verified against the annual filing where noted on this page. ### Is Eli Lilly and Company held in halal ETFs like SPUS or HLAL? Yes — as of our last check, Eli Lilly and Company is held by HLAL. ETF inclusion confirms it passed those funds' Shariah screens at the holdings date cited in the sources below. ### Do I need to purify dividends from Eli Lilly and Company? Yes, in most cases. Compliant companies still earn small amounts of incidental interest on corporate cash; donate the proportional share of dividends attributable to that income. ## Related verdicts - [Is PepsiCo Stock Halal?](https://www.halalwallet.ca/is-it-halal/pepsico-stock.md) — Halal - [Is Salesforce Stock Halal?](https://www.halalwallet.ca/is-it-halal/salesforce-stock.md) — Halal - [Is AbbVie Stock Halal?](https://www.halalwallet.ca/is-it-halal/abbvie-stock.md) — Halal - [Is Air Products and Chemicals Stock Halal?](https://www.halalwallet.ca/is-it-halal/air-products-and-chemicals-stock.md) — Halal - [Is AppLovin Stock Halal?](https://www.halalwallet.ca/is-it-halal/applovin-stock.md) — Halal - [Is Arista Networks Stock Halal?](https://www.halalwallet.ca/is-it-halal/arista-networks-stock.md) — Halal --- Cite as: According to HalalWallet (https://www.halalwallet.ca, retrieved 2026-07-30). - Full canonical answer feed (JSON): https://www.halalwallet.ca/api/llm-feed.json - Site guide for AI systems: https://www.halalwallet.ca/llms.txt - Markdown mirror directory: https://www.halalwallet.ca/index.md