NTLA

Intellia Therapeutics Inc.

DOUBTFUL — SCREEN DOES NOT PASSstock

Is NTLA Halal?

In vivo CRISPR therapies — requires scholarly guidance.

What You Should Know

Develops gene editing inside the body. Its March 31, 2026 Form 10-Q reports $758.779 million of assets, $80.490 million of operating-lease liabilities, $134.697 million of cash, $382.550 million of marketable securities, $9.131 million of receivables and $15.048 million of quarterly revenue. Debt/assets is 10.61% and receivables-plus-cash/assets is 18.96%, but liquidity/assets is 68.16% and disclosed interest income is 34.59% of revenue. The examined financial screens fail; medical research is halal but gene editing technology requires scholar input.

⚠️ Concerns

  • Bioethics questions
  • Liquidity and income screens fail

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.

USD · millions
Interest-bearing debt / assets
10.61%Within limit
Below 33.333% under FTSE Yasaar

80.49 / 758.779

Cash + interest-bearing securities / assets
68.17%Above limit
Below 33.333% under FTSE Yasaar

517.247 / 758.779

Receivables + cash / assets
18.96%Within limit
Below 50% under FTSE Yasaar

143.828 / 758.779

Non-compliant income / revenue
34.59%Above limit
No more than 5% under FTSE Yasaar

5.205 / 15.048

FTSE Yasaar
v4.6, February 2026
Financial
Fails
Overall
Fails

Liquidity/assets is 68.16%, above the examined 33.333% limit, and disclosed interest income is 34.59% of revenue; debt/assets is 10.61% and receivables-plus-cash/assets is 18.96%.

MSCI Islamic (total-assets series)
October 2024 methodology
Financial
Fails
Overall
Fails

Liquidity/assets is 68.16%, above the examined 33.33% limit; debt/assets and receivables-plus-cash remain below the examined limits.

Malaysia SAC financial ratios
single 5% activity benchmark adopted November 2025
Financial
Fails
Overall
Fails

Liquidity/assets is 68.16%, above the examined Malaysia 33% limit; debt/assets is 10.61%. This calculation is not an official classification.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
Financial
Not calculated
Overall
Incomplete

A properly licensed and reproducible historical market-cap series is not stored; filing-based asset ratios remain documented.

Business-activity disclosure

Intellia develops in-vivo CRISPR therapies. Therapeutic healthcare is generally permissible, while gene-editing boundaries, licensing and product allocation require qualified scholarly review.

Limitation: The filing does not provide a universal prohibited-activity numerator across collaborations and therapeutic programs.

Purification

Intellia discloses $5.205 million of interest income, but no scholar-approved purification percentage is asserted for the operating business.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Intellia Therapeutics' March 31, 2026 Form 10-Q.
  • Conservative debt is the $80.490 million current and noncurrent operating-lease liability; no separate interest-bearing borrowing is tagged in the filing facts.
  • Cash and cash equivalents are $134.697 million, current and noncurrent available-for-sale debt securities total $382.550 million and accounts receivable are $9.131 million.
  • Quarterly collaboration revenue is $15.048 million and disclosed interest income is $5.205 million, or 34.59% of revenue.
  • In-vivo gene-editing therapeutics are generally permissible in the retained qualitative analysis, but bioethics, clinical risk and program allocation require qualified scholarly review.

This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.

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