Is Tarsus Pharmaceuticals, Inc. (TARS) halal? Doubtful. Based on AAOIFI screening, Tarsus Pharmaceuticals, Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 62/100 (Grade: B).

Tarsus Pharmaceuticals, Inc.

TARS: Is Tarsus Pharmaceuticals, Inc. Halal?

Doubtful

Tarsus Pharmaceuticals, Inc.

NASDAQHealthcareUS

$60.80

-1.70%

Purify ~4.4% of income

About Tarsus Pharmaceuticals, Inc.

Tarsus Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical firm dedicated to advancing and commercializing innovative therapies, primarily focusing on ocular conditions. Its leading investigational drug, TP-03, a novel treatment currently in Phase III trials, is being developed to address blepharitis specifically caused by Demodex mite infestations, as well as meibomian gland disease. Beyond this, Tarsus is also progressing TP-04 for rosacea and TP-05, which targets Lyme disease prevention and aims to reduce community-level malaria. A core element of its development strategy involves lotilaner, a compound utilized to tackle a variety of human diseases across diverse therapeutic areas, encompassing eye care, dermatology, and other medical fields. Established in 2016, the company maintains its headquarters in Irvine, California.

Sector: Healthcare 路 Industry: Biotechnology

Why This Stock Is Doubtful

  • Non-compliant income is 4.4% of revenue, only 0.6 points below the 5% limit

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 17, 2026
B

Acceptable

Acceptable but room for improvement

62Score

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 Cap2.8% / 30.0%

Compliance History

  1. Doubtfulnow

    since Jun 2026

  2. Halal

    until the change above

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

Screened: Jun 17, 2026Fiscal: Q1 2026Source: FMP

Purify Your TARS Dividends

4.4% non-compliant income

TARS has 4.4% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

2.6B

Price

$60.80

Sector

Healthcare

Industry

Biotechnology

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Frequently Asked Questions

Is Tarsus Pharmaceuticals, Inc. (TARS) halal to invest in?
Tarsus Pharmaceuticals, Inc. (TARS) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.
Why did Tarsus Pharmaceuticals, Inc. get a B compliance rating?
Tarsus Pharmaceuticals, Inc. (TARS) received a grade of B (Acceptable) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 2.8% (limit 30%); interest-bearing deposits of 16.0% (limit 30%); prohibited income of 4.41% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Tarsus Pharmaceuticals, Inc.'s Shariah verdict?
Tarsus Pharmaceuticals, 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 Tarsus Pharmaceuticals, Inc. re-screened for Shariah compliance?
Tarsus Pharmaceuticals, Inc. (TARS) 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 17, 2026.

Screened according to AAOIFI Standard No. 21 路 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.