QGEN

Qiagen N.V.

HALAL — METHODS DIFFERstock

Is QGEN Halal?

Sample and assay technologies for molecular diagnostics with permissible business.

What You Should Know

QIAGEN provides sample-preparation, assay, molecular-diagnostics, genomics and bioinformatics technologies. Its March 31, 2026 Form 6-K quarterly report reports $5,782.065 million of assets, $1,646.557 million of long-term debt, $646.289 million of cash, $396.616 million of receivables and $492.320 million of quarterly net sales. Debt/assets is 28.48%, liquidity/assets is 11.18%, receivables-plus-cash/assets is 18.04% and disclosed interest income is 2.15% of revenue; the examined FTSE, MSCI and Malaysia asset ratios pass, while market-cap methods remain uncalculated.

⚠️ Concerns

  • Clinical and forensic customer end uses
  • Genomics and bioinformatics applications
  • Interest-bearing debt
  • Interest income

Current quantitative Sharia screen

Based on 6-K figures for the period ended 2026-03-31; calculated 2026-07-15.

USD · millions
Interest-bearing debt / assets
28.48%Within limit
Below 33.333% under FTSE Yasaar

1,646.557 / 5,782.065

Cash + interest-bearing securities / assets
11.18%Within limit
Below 33.333% under FTSE Yasaar

646.289 / 5,782.065

Receivables + cash / assets
18.04%Within limit
Below 50% under FTSE Yasaar

1,042.905 / 5,782.065

Non-compliant income / revenue
2.15%Within limit
No more than 5% under FTSE Yasaar

10.562 / 492.32

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

Debt/assets is 28.48%, liquidity/assets is 11.18%, receivables-plus-cash/assets is 18.04% and disclosed interest income is 2.15% of revenue; examined FTSE ratios and core activity pass.

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

Debt/assets, liquidity/assets and receivables-plus-cash/assets are below the examined MSCI total-assets limits; this is not an index-membership claim.

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

Debt/assets and liquidity/assets are below the examined Malaysia limits; this is a calculation, 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 historical market-cap series is not stored; filing-based asset ratios remain documented.

Business-activity disclosure

QIAGEN develops sample-preparation, assay, molecular-diagnostics, genomics and bioinformatics technologies. The core life-sciences activity is generally permissible.

Limitation: The filing does not classify every clinical, forensic, pharmaceutical or research end use into a scholar-approved prohibited-revenue numerator.

Purification

QIAGEN discloses $10.562 million of interest income, but does not provide a scholar-approved purification percentage or separate prohibited-activity numerator.

Inputs, assumptions and primary sources
  • Amounts are USD millions converted from QIAGEN's March 31, 2026 U.S. GAAP quarterly report filed on Form 6-K.
  • Long-term debt is $1,646.557 million; no current debt is reported in the selected balance-sheet captions.
  • Cash is $646.289 million. Short-term investments were zero at March 31, 2026, so no interest-bearing-securities proxy is added.
  • Accounts receivable are $396.616 million net; quarterly net sales are $492.320 million and disclosed interest income is $10.562 million.
  • Sample, assay, molecular-diagnostics and genomics technologies are generally permissible, while customer end uses require qualitative 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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