TNDM

Tandem Diabetes Care, Inc.

HALAL

Score: 80/100

stock

Is TNDM Halal?

Insulin-pump and diabetes-management devices — permissible healthcare products; the verdict depends on the convertible-debt and receivables screens.

What You Should Know

Tandem Diabetes Care, Inc. designs and sells insulin-delivery systems — including its t:slim X2 and Mobi automated insulin pumps and related software — that help people with diabetes manage their condition. Selling medical devices that treat a chronic illness is a permissible activity, so the business-activity screen passes. The verdict depends on the balance sheet: Tandem has historically funded growth with convertible senior notes, so confirm the total-debt-to-market-cap ratio against the 33% threshold using the latest filings — the deciding screen — and confirm the receivables ratio against the board's threshold. Interest income on the company's cash and investment balances should be checked against the 5% threshold and the corresponding portion of returns purified. Assuming the ratios hold, TNDM is generally screened as halal, with routine purification of minor interest income.

⚠️ Concerns

•Has used convertible senior notes to fund growth — confirm total debt / market cap against the 33% threshold using the latest filings, the deciding screen
•Confirm the receivables ratio (total receivables / total assets) against the board's threshold (49–70%) using the latest filings
•Earns interest income on cash and investment balances — check it against the 5% threshold and purify the corresponding portion of returns
•A competitive, still-scaling device business — re-screen the ratios periodically as the capital structure changes

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