Is American Well Corp (AMWL) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 5.0% / 30% | 201.8% / 30% | 55.0% / 30% | 1.53% / 5% | ✗ NOT HALAL |
| DJIM | 5.0% / 33% | 201.8% / 33% | 55.0% / 33% | 1.53% / 5% | ✗ NOT HALAL |
| MSCI | 1.4% / 33% | 56.3% / 33% | 15.3% / 33% | 1.53% / 5% | ✗ NOT HALAL |
| S&P | 5.0% / 33% | 201.8% / 33% | 55.0% / 33% | 1.53% / 5% | ✗ NOT HALAL |
| FTSE | 1.4% / 33% | 56.3% / 33% | 15.3% / 50% | 1.53% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 53.8% | |
| Operating Margin | -25.2% | |
| Net Margin | -38.4% | |
| Return on Equity (ROE) | -33.7% | |
| Return on Assets (ROA) | -15.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$66M |
| Free Cash Flow | -$66M |
| Total Debt | $5M |
| Debt-to-Equity | 1.8 |
| Current Ratio | 3.4 |
| Total Assets | $324M |
Price & Trading
| Last Close | $5.51 |
| 50-Day MA | $5.15 |
| 200-Day MA | $5.88 |
| Avg Volume | 99K |
| Beta | 1.4 |
|
52-Week Range
$3.71
| |
About American Well Corp (AMWL)
American Well Corporation, an enterprise platform and software company, delivers digitally enabling hybrid care in the United States and internationally. The company offers Amwell Platform, a cloud-based enablement platform, digitally enables a scalable healthcare experience across all care settings; Amwell Carepoint, a device enable healthcare providers to leverage proprietary carts and transform existing tablets and TVs into digital access points in clinical settings; Amwell Converge, a platform and wraparound services of digital care into the in-person, automated, and virtual care settings; and Behavioral Health, a platform that offer students and faculty the right level of care. It also provides specialty care programs, including dermatology, musculoskeletal care, second opinion, and cardiometabolic care for patients and members; Amwell Medical Group network services consisting of primary and urgent care, behavioral health therapy, lactation counseling, and nutrition services. Further, it provides professional services to facilitate implementation, workflow design, systems integration, and service expansion for its products, as well as patient and provider engagement services. The company sells its products through field sales professionals, channel partners, and value-added resellers. It serves providers, payers, and the government, as well as the higher education sector. American Well Corporation was incorporated in 2006 and is headquartered in Boston, Massachusetts.
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Frequently Asked Questions
Is American Well Corp (AMWL) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), American Well Corp is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is American Well Corp's debt ratio?
American Well Corp's debt ratio is 5.0% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 1.4%.
What are American Well Corp's key financial metrics?
American Well Corp has a market capitalization of $87M, and revenue of $249M. The company maintains a gross margin of 53.8% and a net margin of -38.4%. Return on equity stands at -33.7%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.