As of August 2026, Onco-Innovations Ltd is classified as not halal.
NOT HALAL
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Onco-Innovations Ltd. Stock Analysis ONNVF
United States Health Care Micro Cap
Onco-Innovations Ltd. is a Canadian biotech company, which engages in cancer research and treatment, specializing in oncology. The company is headquartered in Calgary, Alberta. The company went IPO on 2024-11-27. Its product candidate is ONC010, which is an inhibitor of the deoxyribonucleic acid (DNA) repair enzyme Polynucleotide Kinase 3'-Phosphatase (PNKP) in a nanoparticle formulation based on drug delivery technology. ONC010 has undergone in-vitro and in-vivo testing in human cancer cells and mice, respectively, and has the ability to increase the effectiveness of cancer treatments, as well as induce synthetic lethality in phosphatase and tensin homologue (PTEN)-deficient cells. Its research and development roadmap covers manufacturing, discovery, pre-clinical testing, and clinical translation activities. The Clinical Translation program includes Phase I to Phase III clinical trials. Through its SynoGraph artificial intelligence platform, it enhances precision oncology by accelerating patient identification, optimizing treatment planning, and streamlining drug development across its pipeline.
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Financial Metrics & Statements of Onco-Innovations Ltd (ONNVF)
FAQ's for Onco-Innovations Ltd (ONNVF)
As of August 2026, Onco-Innovations Ltd ONNVF is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Onco-Innovations Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Onco-Innovations Ltd if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of Onco-Innovations Ltd by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of Onco-Innovations Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.
Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
You can check the latest Shariah compliance status of Onco-Innovations Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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