PMGC Holdings Inc. (ELAB) - Not Halal (Non-Compliant)
PMGC Holdings Inc. (ELAB) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- Healthcare
- Industry
- Biotechnology
- Result
- Pass
- Reason
- The sector "Healthcare" and industry "Biotechnology" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 5.0% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 6.5% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 20.0% | Threshold: 5% | Result: Fail
Dividend Purification
Purification percentage: 20.00%.Based on the company's financial statements, approximately 20.00% of dividend income comes from non-permissible sources; this is the share many investors donate to purify it. This is derived from identified interest income (20.00% of total income). Some scholars may differ on the exact calculation method.
About PMGC Holdings Inc.
PMGC Holdings Inc., doing business as NorthStrive Holdings, Inc, a biopharmaceutical company, focuses on the development and acquisition of aesthetic medicines and therapeutic products. It operates through three segments: corporate, treasury and biosciences; IT packaging solutions; and precision engineering and machining. The company's lead product includes EL-22, a first-in-class engineered probiotic approach to address obesity's pressing issue of preserving muscle while on weight loss treatments, including GLP-1 receptor agonists. It is also involved in the medical scientific research and development activities, as well as operating investment firms; providing packaging solutions to industrial and consumer markets; and design and production of high-tolerance components for industrial and technological applications. The company was formerly known as Elevai Labs, Inc. and changed its name to PMGC Holdings Inc. in December 2024. PMGC Holdings Inc. was incorporated in 2020 and is based in Newport Beach, California.
Frequently Asked Questions
Is PMGC Holdings Inc. (ELAB) stock halal to invest in?
According to AAOIFI Shariah screening standards, PMGC Holdings Inc. (ELAB) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.


