PFE

Pfizer Inc.

HALAL — METHODS DIFFERstock

Is PFE Halal?

Pharmaceutical medicines are generally permissible, and March 2026 financial ratios pass the examined total-assets limits, while product-level formulation questions remain unresolved.

What You Should Know

Pfizer develops and sells medicines, vaccines and related biopharmaceutical products, so its core life-preserving activity remains generally permissible. Its March 29, 2026 filing shows debt at 31.04% of total assets, identifiable liquidity at 5.42%, receivables plus cash at 6.88%, and disclosed interest income at 0.80% of quarterly revenue. Product formulation, ingredient and collaboration details are not sufficient to publish a universal prohibited-revenue percentage.

⚠️ Concerns

  • Debt was 31.04% of total assets after acquisition-related financing
  • Some products or manufacturing inputs may involve porcine, animal-derived or other scholar-sensitive ingredients
  • Interest income was 0.80% of quarterly revenue
  • Product safety, pricing, access, clinical research, patents, government contracts, manufacturing and supply-chain ethics require qualitative review

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-29; calculated 2026-07-14.

USD · millions
Interest-bearing debt / assets
31.04%Within limit
Below 33.333% under FTSE Yasaar

64,455 / 207,618

Cash + interest-bearing securities / assets
5.42%Within limit
Below 33.333% under FTSE Yasaar

11,257 / 207,618

Receivables + cash / assets
6.88%Within limit
Below 50% under FTSE Yasaar

14,288 / 207,618

Non-compliant income / revenue
0.80%Within limit
No more than 5% under FTSE Yasaar

115 / 14,451

FTSE Yasaar
v4.6, February 2026
Financial
Pass
Overall
Incomplete

Debt/assets is 31.04%, liquidity/assets is 5.42%, receivables plus cash/assets is 6.88%, and disclosed interest income is 0.80%; product-level business revenue remains incomplete.

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

The examined total-assets ratios pass, but product formulation and business-category revenue remain undisclosed; this is not an index-membership claim.

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

Debt/assets and identifiable liquidity/assets are below the examined 33% limits; this is a calculation against SAC ratios, not an official classification.

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

A properly licensed and reproducible historical market-cap series is not stored, so these methods are not estimated from a current spot price.

Business-activity disclosure

Pfizer develops and commercializes medicines, vaccines and biopharmaceutical products. Life-preserving healthcare activity is generally permissible, while product- and formulation-specific questions require evidence.

Limitation: The filing does not provide a universal prohibited-revenue numerator by formulation, excipient, animal-derived input, indication, contract or collaboration, so no exact percentage is claimed.

Purification

Disclosed interest income is 0.80% of quarterly revenue, but product-level screened revenue remains unavailable; no fixed purification percentage is prescribed.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Pfizer's March 29, 2026 Form 10-Q.
  • Debt includes short-term borrowings and current long-term debt of $3,890 million plus long-term debt of $60,565 million.
  • Cash is $1,703 million. Identifiable debt securities are $9,554 million of available-for-sale and held-to-maturity government, agency and corporate securities; equity investments are excluded.
  • Trade accounts receivable is $12,585 million and quarterly revenue is $14,451 million.
  • Disclosed interest income is $115 million for the quarter.
  • Pfizer reports product, alliance and royalty revenue but does not quantify every formulation, ingredient, animal-derived input, clinical use or licensing category as a reproducible prohibited-revenue numerator.

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.

🧾
Own PFE? Purify your portfolio.
Per-holding purification amounts, zakat on your shares, and halal alternatives for flagged holdings — a personalized report prepared for you within 48 hours.
Order Your Report — $49 →
Track PFE and 30,000+ stocks' live compliance status with Islamicly — 50% off with code ZAKAT50.Get Islamicly →

Want to screen more assets?

Use our interactive Halal Checker to screen any stock, ETF, or crypto instantly.

Go to Halal Checker →