ADI

Analog Devices, Inc.

DOUBTFUL — DATA INCOMPLETEstock

Is ADI Halal?

Permissible semiconductor business, but the current filing-based screen is incomplete because activity and interest-income disclosures are not fully quantified.

What You Should Know

Analog Devices, Inc. designs and manufactures analog, mixed-signal and power-management semiconductors. Its May 2, 2026 Form 10-Q reports assets of $47,949.095 million, debt of $8,684.849 million, cash of $2,436.916 million, short-term investments of $1,002.392 million, accounts receivable of $2,051.733 million and quarterly revenue of $3,623.465 million. Debt/assets is 18.11%, liquidity/assets is 7.17% and receivables-plus-cash/assets is 9.36%, below the examined asset limits. A separately stated interest-income amount and prohibited-activity revenue numerator were not available, so the overall result is incomplete rather than a blanket halal classification.

⚠️ Concerns

  • Acquisition-related debt is $8,684.849 million
  • The filing does not separately state interest income in the extracted statement
  • Industrial, automotive, communications and defense-adjacent end uses require qualitative review
  • Re-screen after the next filing or material acquisition

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-05-02; calculated 2026-07-15.

USD · millions
Interest-bearing debt / assets
18.11%Within limit
Below 33.333% under FTSE Yasaar

8,684.849 / 47,949.095

Cash + interest-bearing securities / assets
7.17%Within limit
Below 33.333% under FTSE Yasaar

3,439.308 / 47,949.095

Receivables + cash / assets
9.36%Within limit
Below 50% under FTSE Yasaar

4,488.649 / 47,949.095

FTSE Yasaar
v4.6, February 2026
Financial
Incomplete
Overall
Incomplete

Known debt/assets is 18.11%, liquidity/assets is 7.17% and receivables plus cash/assets is 9.36%, below the examined FTSE limits; interest-income disclosure is unavailable.

MSCI Islamic (total-assets series)
October 2024 methodology
Financial
Pass
Overall
Incomplete

Debt/assets is 18.11%, liquidity/assets is 7.17% and receivables plus cash/assets is 9.36%, below the examined MSCI limits; activity remains incomplete.

Malaysia SAC financial ratios
single 5% activity benchmark adopted November 2025
Financial
Pass
Overall
Incomplete

Debt/assets and liquidity/assets are below 33%; activity remains incomplete and this is not an official classification.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
Financial
Not calculated
Overall
Incomplete

A licensed historical market-cap series is not stored; asset-based financial inputs pass but the overall result remains incomplete.

Business-activity disclosure

Analog Devices designs and manufactures analog, mixed-signal and power-management semiconductors. Semiconductor manufacturing is generally permissible, while customer end uses and defense-adjacent applications require separate review.

Limitation: The filing does not provide a reproducible prohibited-revenue numerator for all end uses or a separately stated interest-income line.

Purification

A separate interest-income amount is not available in the extracted filing statement, so no scholar-approved purification percentage is inferred.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Analog Devices' May 2, 2026 Form 10-Q.
  • Debt includes current debt, commercial paper notes and long-term debt.
  • Short-term investments are included as interest-bearing securities; no separate interest-income line was disclosed in the extracted statement.
  • Quarterly revenue is $3,623.465 million and no prohibited-activity revenue numerator is separately disclosed.

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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