AVGO

Broadcom Inc.

DOUBTFUL — SCREEN DOES NOT PASSstock

Is AVGO Halal?

Semiconductor and infrastructure software are generally permissible, but May 2026 debt/assets is 37.24%, above the examined limits.

What You Should Know

Broadcom's May 3, 2026 Form 10-Q shows $179,158 million of assets and $66,720 million of short- and long-term debt. Debt/assets is 37.24%; other income also includes interest and investment items, while downstream customer use is not separately disclosed.

⚠️ Concerns

  • Acquisition-related debt/assets exceeds examined limits
  • General-purpose chips and infrastructure software have mixed downstream uses
  • Customer concentration, export controls and data-center impacts

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-05-03; calculated 2026-07-14.

USD · millions
Interest-bearing debt / assets
37.24%Above limit
Below 33.333% under FTSE Yasaar

66,720 / 179,158

Cash + interest-bearing securities / assets
10.96%Within limit
Below 33.333% under FTSE Yasaar

19,628 / 179,158

Receivables + cash / assets
17.00%Within limit
Below 50% under FTSE Yasaar

30,458 / 179,158

Non-compliant income / revenue
0.53%Within limit
No more than 5% under FTSE Yasaar

118 / 22,187

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

Debt/assets is 37.24%, above the examined 33.333% limit; liquidity/assets is 10.96%, receivables-plus-cash/assets is 17.00%, and the conservative other-income proxy is 0.53%.

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

Debt/assets is 37.24%, above the examined MSCI total-assets limit; business activity remains incomplete without a prohibited-revenue numerator.

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

Debt/assets is 37.24%, above the examined Malaysia SAC limit. This is a calculation against SAC ratios, not an official SAC classification.

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

A licensed historical market-cap series is not stored, so market-cap denominator methods are not estimated from a spot price.

Business-activity disclosure

Broadcom supplies semiconductor solutions and infrastructure software, including networking, connectivity, storage and virtualization products. These activities are generally permissible.

Limitation: Broadcom does not classify revenue by defense, surveillance, gambling, weapons or other potentially sensitive downstream uses, and acquired software portfolios are not screened at contract level.

Purification

Other income, net is a conservative proxy and includes non-interest items; complete non-compliant income is not isolated. ZakatInvest does not prescribe a fixed purification percentage.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Broadcom's May 3, 2026 Form 10-Q.
  • Debt is the reported short-term and long-term debt carrying amount of $66,720 million.
  • The filing reports $19,628 million of cash and cash equivalents and does not separately present an identifiable debt-securities balance; no securities amount is invented.
  • Other income, net of $118 million includes interest income, investment gains or losses, foreign-currency remeasurement and miscellaneous items, so it is used as a conservative non-compliant-income proxy.
  • The filing does not separately disclose prohibited-business or downstream end-use revenue.

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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