Prostatype Genomics AB (PROGEN.ST) - Not Halal (Non-Compliant)
Prostatype Genomics AB (PROGEN.ST) 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
- Diagnostics & Research
- Result
- Pass
- Reason
- The sector "Healthcare" and industry "Diagnostics & Research" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 0.0% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 0.8% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 15.2% | Threshold: 5% | Result: Fail
Dividend Purification
Purification percentage: 15.15%.Based on the company's financial statements, approximately 15.15% 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 (15.15% of total income). Some scholars may differ on the exact calculation method.
About Prostatype Genomics AB
Prostatype Genomics AB (publ) manufactures, markets, and sells prognostic gene tests. The company offers a Prostatype Test System that combines gene expression information with used clinical parameters, such as PSA, gleason score, RTqPCR kit, patient database and algorithms, Prostatype Web System (PWS), and tumor stage, as well as calculates the P-score. Its test is based on a database containing prostate cancer patients; and provides decision support for patients and doctors when making a treatment decision. The company was incorporated in 2007 and is headquartered in Nacka, Sweden.
Frequently Asked Questions
Is Prostatype Genomics AB (PROGEN.ST) stock halal to invest in?
According to AAOIFI Shariah screening standards, Prostatype Genomics AB (PROGEN.ST) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does Prostatype Genomics AB have any interest income?
Identified interest income is 15.2% of Prostatype Genomics AB's total income. AAOIFI standards require non-permissible income to be below 5%.


