Evaxion A/S (EVAX) - Not Halal (Non-Compliant)
Evaxion A/S (EVAX) 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: 16.5% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 32.5% | Threshold: 30% | Result: Fail
- Non-Permissible Income Ratio
- Value: 4.0% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 3.97%.Based on the company's financial statements, approximately 3.97% of dividend income should be donated to charity for purification. This is derived from identified interest income (3.97% of total income). Some scholars may differ on the exact calculation method.
About Evaxion A/S
Evaxion A/S, a clinical-stage biotech company, develops artificial intelligence-powered immunology vaccines. The company develops EVX-01, which is in phase 2 global multi-center clinical trial for the treatment of advanced melanoma; EVX-03, DNA-based cancer vaccine for the treatment of solid tumors; and EVX-04, a therapeutic cancer vaccine candidate, which is in phase 1 trial for acute myeloid leukemia. Its programs also include vaccines that are in pre-clinical stage, which includes EVX-B1, a multi-component prophylactic vaccine targeting skin and soft tissue infections with S. aureus bacteria; EVX-B2 to target multi-component prophylactic vaccine against gonorrhea bacteria; EVX-B3 to target bacterial pathogen associated with repeated infections; and EVX-V1, a multi-component prophylactic vaccine candidate for cytomegalovirus. The company was formerly known as Evaxion Biotech A/S and changed its name to Evaxion A/S in May 2025. Evaxion A/S was incorporated in 2008 and is based in Horsholm, Denmark.
Frequently Asked Questions
Is Evaxion A/S (EVAX) stock halal to invest in?
According to AAOIFI Shariah screening standards, Evaxion A/S (EVAX) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.

