TECH

Bio-Techne Corporation

HALAL — METHODS DIFFERstock

Is TECH Halal?

Life sciences tools and reagents with permissible business.

What You Should Know

Bio-Techne provides biotechnology reagents, instruments and services for research and clinical diagnostics. Its March 31, 2026 Form 10-Q reports $2,550.601 million of assets, $200 million of interest-bearing debt, $209.819 million of cash, $214.562 million of receivables and $311.415 million of quarterly net sales. Debt/assets is 7.84%, liquidity/assets is 8.23%, receivables-plus-cash/assets is 16.64% and disclosed interest income is 0.32% of revenue; the examined FTSE, MSCI and Malaysia asset ratios pass, while market-cap methods remain uncalculated.

⚠️ Concerns

  • Research and diagnostic customer end uses
  • Acquisition and product-mix changes
  • Interest-bearing debt
  • Interest income

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
7.84%Within limit
Below 33.333% under FTSE Yasaar

200 / 2,550.601

Cash + interest-bearing securities / assets
8.23%Within limit
Below 33.333% under FTSE Yasaar

209.819 / 2,550.601

Receivables + cash / assets
16.64%Within limit
Below 50% under FTSE Yasaar

424.381 / 2,550.601

Non-compliant income / revenue
0.32%Within limit
No more than 5% under FTSE Yasaar

0.981 / 311.415

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

Debt/assets is 7.84%, liquidity/assets is 8.23%, receivables-plus-cash/assets is 16.64% and disclosed interest income is 0.32% 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

Bio-Techne develops and sells biotechnology reagents, instruments and services for life-science research and clinical diagnostics. The core activity is generally permissible.

Limitation: The filing does not classify every customer end use, diagnostic application or research program into a scholar-approved prohibited-revenue numerator.

Purification

Bio-Techne discloses $0.981 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 Bio-Techne's March 31, 2026 Form 10-Q values reported in thousands.
  • Long-term debt obligations are $200 million; operating lease liabilities are excluded.
  • Cash is $209.819 million. No separately identifiable interest-bearing securities are reported in the selected balance-sheet captions, so the proxy is zero.
  • Accounts receivable are $214.562 million net; quarterly net sales are $311.415 million and disclosed interest income is $0.981 million.
  • Bio-Techne's protein-science, diagnostics, research and life-sciences tools are generally permissible, while downstream research use remains a qualitative question.

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 TECH? 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 TECH 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 →