What is HealthEquity, Inc.'s Shariah compliance score?

HealthEquity, Inc. (HQY) has a Shariah compliance score of 80/100 (Grade: A, Very Good) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does HealthEquity, Inc. pass AAOIFI screening?

HealthEquity, Inc. (HQY) passes AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (HQY: 13.5%), (3) interest-bearing deposits below 30% (HQY: 4.5%), and (4) prohibited income below 5% (HQY: 0.9%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for HealthEquity, Inc. stock?

HealthEquity, Inc. (HQY) has a non-permissible income ratio of 0.91%. Muslim investors should purify this percentage of any dividends received and capital gains realized from HQY shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen HealthEquity, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for HealthEquity, Inc. (HQY) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about HQY's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is HealthEquity, Inc. (HQY) halal? Halal. Based on AAOIFI screening, HealthEquity, Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 80/100 (Grade: A).

HQY: Is HealthEquity, Inc. Halal?

Halal

HealthEquity, Inc.

NASDAQHealthcareUS

$88.34

-2.54%

AvoidBorderlineClean

Purify ~0.9% of income

About HealthEquity, Inc.

HealthEquity, Inc. provides technology-enabled services platforms to consumers and employers in the United States. The company offers cloud-based platforms for individuals to make health saving and spending decisions, pay healthcare bills, compare treatment options and prices, receive personalized benefit and clinical information, earn wellness incentives, grow their savings, and make investment choices; and health savings accounts. It also provides mutual fund investment platform; and online-only automated investment advisory services through Advisor, a Web-based tool. In addition, the company offers flexible spending accounts; health reimbursement arrangements; and Consolidated Omnibus Budget Reconciliation Act continuation services, as well as administers pre-tax commuter benefit programs. It serves clients through a direct sales force; benefits brokers and advisors; and a network of health plans, benefits administrators, benefits brokers and consultants, and retirement plan record-keepers. The company was incorporated in 2002 and is headquartered in Draper, Utah.

Sector: Healthcare · Industry: Medical - Healthcare Information Services

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 2026

Very Good

Strong compliance across all metrics

80Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Passed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap13.5% / 30.0%

Compliance History

Halalnow
since Jun 2026
Doubtful
until the change above

Tracked since Jun 2026. Updates automatically on each re-screen.

Screened: Jun 18, 2026Fiscal: Q1 2027Source: EDGAR

Purify Your HQY Dividends

0.9% non-compliant income

HQY has 0.9% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

7.4B

Price

$88.34

Sector

Healthcare

Industry

Medical - Healthcare Information Services

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Frequently Asked Questions

Is HealthEquity, Inc. (HQY) halal to invest in?

Based on AAOIFI Standard 21 screening, HealthEquity, Inc. (HQY) is rated Halal with a compliance grade of A (Very Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).

Why did HealthEquity, Inc. get a A compliance rating?

HealthEquity, Inc. (HQY) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 13.5% (limit 30%); interest-bearing deposits of 4.5% (limit 30%); prohibited income of 0.91% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change HealthEquity, Inc.'s Shariah verdict?

HealthEquity, Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is HealthEquity, Inc. re-screened for Shariah compliance?

HealthEquity, Inc. (HQY) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 18, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.