Is Medtronic plc (MDT) halal?
Medtronic plc is compliant under Sanad's AAOIFI Standard 21 screen: interest-bearing debt is 23.5% of market capitalisation (limit 30%), and non-permissible (interest) income is 1.2% of revenue (limit 5%).
The AAOIFI financial screen
| Test | Result | Limit | Status |
|---|---|---|---|
| Interest-bearing debt ÷ market capitalisation | 23.5% | < 30% | Within limit |
| Non-permissible income ÷ revenue | 1.2% | < 5% | Within limit |
Purification
Even a compliant company earns a little interest. About 1.2% of Medtronic plc's revenue is non-permissible income, so a shareholder who receives dividends would normally donate about 1.2% of each dividend. Open the full analysis for the amount per share.
About Medtronic plc
Medtronic plc is a global medical technology company that develops, manufactures, and sells device-based therapies and related services for a broad range of chronic and acute health conditions. Headquartered in Dublin, Ireland, and founded in 1949, Medtronic focuses on technologies used by hospitals, clinics, and physicians worldwide. The company operates through four main areas: its Cardiovascular Portfolio, offering products such as heart valves, stents, pacemakers, and…
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Frequently asked questions
Is Medtronic plc (MDT) halal?
Medtronic plc is compliant under Sanad's AAOIFI Standard 21 screen: interest-bearing debt is 23.5% of market capitalisation (limit 30%), and non-permissible (interest) income is 1.2% of revenue (limit 5%).
What makes a stock halal or haram?
Under AAOIFI Standard 21 a company must first have a permissible core business (no conventional banking or insurance, alcohol, tobacco, gambling or similar). Then interest-bearing debt must be under 30% of its market value and interest income under 5% of its revenue.
How much of Medtronic plc's dividends should be purified?
About 1.2% of each dividend, the share of the company's income that is not permissible. Donate that amount rather than keeping it.
How often is this updated?
Prices refresh daily and the ratios update when the company files new financial statements, usually every quarter. This page's data was last updated 2026-09-16.