Can Muslims invest in IQV?

IQV passes some but not all shariah screens. Some scholars may permit investing with purification of non-compliant income, while others advise avoiding it. Consult a qualified scholar.

What shariah screening criteria were used for IQV?

IQV was screened using AAOIFI-based criteria: (1) Business activity — must not derive primary income from haram activities, (2) Debt-to-market-cap ratio must be ≤33%, (3) Interest income must be ≤5% of revenue, (4) Cash & interest-bearing securities must be ≤33% of market cap. IQV passed 3 of these 4 screens.

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Is IQV (IQVIA Holdings Inc.) Halal or Haram?

Q: Is IQV (IQVIA Holdings Inc.) stock halal?

Based on our AAOIFI-standard screening, IQV is classified as Doubtful. IQVIA Holdings Inc. passes the business activity and interest income screens, but ultimately fails AAOIFI compliance due to its heavy debt burden. The company's debt-to-market cap ratio sits at a concerning 60.0%, far exceeding the strict 33% threshold allowed for Islamic investors. However, its interest income and cash reserves remain well within compliant limits at 0.28% and 7.9% respectively.

New York Stock ExchangeHealthcareMedical - Diagnostics & Research$26.98B2026-04-29

IQV is Doubtful3/4 screens passed

IQVIA Holdings Inc. passes the business activity and interest income screens, but ultimately fails AAOIFI compliance due to its heavy debt burden. The company's debt-to-market cap ratio sits at a concerning 60.0%, far exceeding the strict 33% threshold allowed for Islamic investors. However, its interest income and cash reserves remain well within compliant limits at 0.28% and 7.9% respectively.

Price Chart (5D)

$186.15+4.14 (+2.27%)

2026-06-092026-06-02

IQV — Last 7 Days

Date	Open	High	Low	Close	Volume	Change
2026-06-09	185.22	190.68	183.63	186.25	1.1M	+0.56%
2026-06-08	184.72	185.55	181.55	183.69	1.2M	-0.56%
2026-06-05	187.31	188.92	182.37	183.45	1.3M	-2.06%
2026-06-04	185.44	188.86	182.59	186.88	1.7M	+0.78%
2026-06-03	177.45	182.32	174.10	182.05	1.6M	+2.59%
2026-06-02	185.00	186.37	178.86	180.64	1.7M	-2.36%
2026-06-01	182.84	188.86	182.00	186.82	1.4M	+2.18%

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Shariah Screening Details for IQV

Business Activity

Permissible

IQVIA's business activity is permissible as it focuses on providing advanced analytics, cloud-based technology solutions, and clinical research services to the life sciences and healthcare industries.

Debt / Market Cap

59.95%

Debt: $16.17BThreshold: ≤33%

Interest Income

0.28%

Interest: $45.0MThreshold: ≤5%

Cash & Securities

7.94%

Cash: $2.14BThreshold: ≤33%

About IQVIA Holdings Inc. (IQV)

For Muslim investors using HalalStocks.co.uk, IQVIA is currently classified as Doubtful under AAOIFI standards. While its core operations in healthcare analytics and research are perfectly halal, the stock fails the financial screening criteria due to excessive leverage.

A closer look at the financials reveals a significant roadblock for shariah compliance: IQVIA's debt-to-market capitalization ratio is 60.0%, well above the strict 33% ceiling. On a positive note, the company generates minimal interest-bearing income, accounting for just 0.28% of total revenue, and holds a permissible cash ratio of 7.9%.

Moving forward, halal investors should monitor IQVIA's balance sheet for any strategic debt reduction. Until the company manages to bring its leverage below the 33% AAOIFI threshold, it remains unsuitable for strict Islamic portfolios.

CEO

Ari Bousbib

Employees

89,000

IPO Date

2013-05-09

Headquarters

Durham, NC, US

Website

www.iqvia.com

IQV Key Financial Statistics

Revenue

$16.31B

Net Income

$1.36B

EPS (Diluted)

$7.84

Stock Price

158.98

Beta

1.39

52-Week Range

134.65-247.05

Total Debt

$16.17B

Total Equity

$6.50B

Current Ratio

0.75

IQV Financial Health & Profitability

Profit Margins

Gross Margin26.3%

Operating Margin14.0%

Net Margin8.3%

Revenue Growth (YoY)

+5.9%

Prior year: $15.40B

Net Debt

$14.19B

Cash: $1.98B — Debt: $16.17B

Frequently Asked Questions About IQV

Is IQV (IQVIA Holdings Inc.) stock halal to invest in?▾

Based on our AAOIFI-standard shariah screening, IQV is classified as Doubtful. It passed 3 of 4 compliance screens. Some scholars may permit investing with income purification, while others advise avoiding it. We recommend consulting a qualified Islamic scholar before investing in IQV.

What does IQVIA Holdings Inc. do?▾

IQVIA Holdings Inc. operates at the intersection of healthcare and data, providing advanced analytics, cloud-based technology solutions, and clinical research services. The company helps life sciences organizations globally generate real-world evidence and streamline drug development processes. For Muslim investors using HalalStocks.co.uk, IQVIA is currently classified as Doubtful under AAOIFI standards. While its core operations in healthcare analytics and research are perfectly halal, the stock fails the financial screening criteria due to excessive leverage. A closer look at the financials reveals a significant roadblock for shariah compliance: IQVIA's debt-to-market capitalization ratio is 60.0%, well above the strict 33% ceiling. On a positive note, the company generates minimal interest-bearing income, accounting for just 0.28% of total revenue, and holds a permissible cash ratio of 7.9%. Moving forward, halal investors should monitor IQVIA's balance sheet for any strategic debt reduction. Until the company manages to bring its leverage below the 33% AAOIFI threshold, it remains unsuitable for strict Islamic portfolios. IQVIA Holdings Inc. operates in the Healthcare sector under the Medical - Diagnostics & Research industry and is headquartered in Durham, NC, US. The company is led by CEO Ari Bousbib and employs approximately 89,000 people.

What screening criteria were used for IQV?▾

IQV was screened using AAOIFI-based shariah compliance criteria. Four tests are applied: (1) Business Activity — the company's core business must not derive primary income from haram (prohibited) activities such as alcohol, gambling, tobacco, or interest-based finance. (2) Debt-to-Market-Cap — total debt must not exceed 33% of market capitalization. (3) Interest Income — interest income must not exceed 5% of total revenue. (4) Cash & Securities — cash and interest-bearing securities must not exceed 33% of market cap. IQV passed 3 of these 4 screens.

When was IQV last screened?▾

IQV was last screened on 2026-04-29. Shariah compliance status can change as companies report new financial data, acquire new businesses, or shift revenue streams. We recommend checking back periodically for the most up-to-date screening results.

Disclaimer

This shariah compliance assessment for IQV (IQVIA Holdings Inc.) is provided for informational purposes only and does not constitute financial, investment, or religious advice. Screening criteria are based on widely accepted AAOIFI standards, but individual scholars may differ in their opinions. Always consult with a qualified Islamic scholar and licensed financial advisor before making investment decisions. Past screening status does not guarantee future compliance. Last screened: 2026-04-29.

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