ALAB
Astera Labs Inc.
Is ALAB Halal?
AI connectivity semiconductors — permissible.
What You Should Know
Designs PCIe/CXL for AI infrastructure. Morgan Stanley 2026 pick. Pure-play AI infrastructure. Its March 31, 2026 Form 10-Q reports $1,659.215 million of assets, no interest-bearing debt, $148.285 million of cash, $1,036.189 million of marketable securities, $134.797 million of receivables and $308.361 million of quarterly revenue. Debt/assets is 0.00%, liquidity/assets is 71.39%, receivables-plus-cash/assets is 17.06%, and disclosed interest income is 3.76% of revenue; the liquidity screen fails and end-use activity remains qualitative.
⚠️ Concerns
- •New IPO volatility
- •Large marketable-securities balance
- •Liquidity/assets exceeds the examined limits
- •AI and hyperscaler end uses require review
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
0 / 1,659.215
1,184.474 / 1,659.215
283.082 / 1,659.215
11.581 / 308.361
- Financial
- Fails
- Overall
- Fails
Liquidity/assets is 71.39%, above the examined 33.333% limit; debt/assets is 0.00%, receivables-plus-cash/assets is 17.06%, and disclosed interest income is 3.76% of revenue.
- Financial
- Fails
- Overall
- Fails
Liquidity/assets is 71.39%, above the examined MSCI 33.33% limit; debt/assets is 0.00% and receivables-plus-cash/assets is 17.06%.
- Financial
- Fails
- Overall
- Fails
Liquidity/assets is above the examined Malaysia 33% limit; this is a calculation against SAC ratios, not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A properly licensed and reproducible historical market-cap series is not stored; the liquidity failure remains independently documented.
Business-activity disclosure
Astera Labs designs connectivity semiconductors and interconnect platforms for AI and data-center infrastructure. The core hardware business is generally permissible, while customer end uses and concentration in AI infrastructure require qualitative review.
Limitation: The filing does not provide a universal prohibited-activity numerator across customers, applications and end uses.
Purification
Astera Labs discloses $11.581 million of interest income, but does not provide a complete prohibited-activity numerator; no definitive purification percentage is invented.
Inputs, assumptions and primary sources
- Amounts are USD millions from Astera Labs' March 31, 2026 Form 10-Q.
- The filing reports $148.285 million of cash and cash equivalents and $1,036.189 million of marketable securities; no interest-bearing debt is reported. Operating liabilities are excluded.
- Accounts receivable, net are $134.797 million. Revenue is $308.361 million for the quarter and disclosed interest income is $11.581 million.
- Semiconductor and AI-connectivity products are generally permissible, but the filing does not provide a universal prohibited-activity numerator across AI, hyperscaler, defense or government end uses.
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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