ACLS
Axcelis Technologies, Inc.
Is ACLS Halal?
Ion-implantation and semiconductor-manufacturing equipment — generally permissible activity, but current liquidity screen fails.
What You Should Know
Axcelis' March 31, 2026 Form 10-Q reports assets of $1,374.544 million, finance-lease debt of $41.958 million, cash of $150.829 million, short- and long-term investments of $419.110 million, receivables of $161.814 million and quarterly revenue of $198.956 million. Debt/assets is 3.05%, liquidity/assets is 41.46%, receivables plus cash/assets is 22.75% and disclosed interest income is 2.24% of revenue. Liquidity screens fail; no universal prohibited-revenue numerator is disclosed.
⚠️ Concerns
- •Liquidity/assets is 41.46%, above examined 33.333% limits
- •Large short- and long-term investment portfolio
- •Finance-lease obligations and capital intensity
- •Semiconductor, power-device and automotive customer end uses
- •Disclosed interest income is 2.24%; no fixed purification percentage asserted
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
41.958 / 1,374.544
569.939 / 1,374.544
312.643 / 1,374.544
4.462 / 198.956
- Financial
- Fails
- Overall
- Fails
Liquidity/assets is 41.46%, above the examined FTSE limit; debt/assets is 3.05%, receivables-plus-cash/assets is 22.75% and interest income is 2.24%.
- Financial
- Fails
- Overall
- Fails
Liquidity/assets is 41.46%, above the examined MSCI total-assets limit; this is not an index-membership claim.
- Financial
- Fails
- Overall
- Fails
Liquidity/assets is 41.46%, above the examined Malaysia limit; this is not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A licensed historical market-cap series is not stored; the asset-based liquidity screen already fails.
Business-activity disclosure
Axcelis designs ion-implantation and other semiconductor-manufacturing equipment. The industrial technology activity is generally permissible, while customer products, jurisdictions and end uses are not reduced to a universal prohibited-revenue numerator.
Limitation: The filing does not classify every customer, tool or end use by a universal Sharia category; activity remains qualitative.
Purification
Axcelis discloses $4.462 million of interest income, but ZakatInvest does not prescribe a scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from Axcelis' March 31, 2026 Form 10-Q.
- Debt includes current and non-current finance-lease liabilities totaling $41.958 million; operating lease liabilities are excluded.
- Cash is $150.829 million, short-term investments are $215.771 million and long-term investments are $203.339 million.
- Net accounts receivable is $161.814 million and first-quarter revenue is $198.956 million.
- The filing discloses $4.462 million of interest income, or 2.24% of quarterly revenue; no fixed purification percentage is prescribed.
- Ion-implantation and semiconductor-manufacturing equipment is generally permissible, but customer and end-use revenue remains qualitative.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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