CDNS

Cadence Design Systems

HALAL — DATA INCOMPLETEstock

Is CDNS Halal?

Electronic design automation (EDA) software — permissible developer tools.

What You Should Know

Cadence provides software tools for chip design. Core business is permissible technology infrastructure for semiconductors. Its March 2026 Form 10-Q reports $12,098.354 million of assets, $2,906.170 million of interest-bearing debt, and $1,474.220 million of quarterly revenue; the examined financial ratios pass, while customer and end-use screening remains qualitative.

⚠️ Concerns

  • Minor interest income
  • Identifiable liquidity is 12.29% of assets and debt/assets is 24.02%
  • EDA, semiconductor IP and system-design end uses are not screened by prohibited category
  • Acquisition accounting and debt-funded expansion require continuing review

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.

USD · millions
Interest-bearing debt / assets
24.02%Within limit
Below 33.333% under FTSE Yasaar

2,906.17 / 12,098.354

Cash + interest-bearing securities / assets
12.29%Within limit
Below 33.333% under FTSE Yasaar

1,486.308 / 12,098.354

Receivables + cash / assets
20.17%Within limit
Below 50% under FTSE Yasaar

2,440.482 / 12,098.354

Non-compliant income / revenue
1.24%Within limit
No more than 5% under FTSE Yasaar

18.265 / 1,474.22

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

Debt/assets is 24.02%, liquidity/assets is 12.29%, receivables-plus-cash/assets is 20.17% and disclosed interest income is 1.24%; the financial ratios pass, while business revenue remains incomplete.

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

Debt, liquidity and receivables-plus-cash pass examined total-assets limits; this is not an index-membership claim and screened business revenue remains undisclosed.

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

Debt and identifiable conventional liquidity are below 33% of total assets; this is not an official SAC classification and screened business revenue remains unavailable.

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

A properly licensed and reproducible historical market-cap series is not stored.

Business-activity disclosure

Cadence provides electronic-design-automation software, semiconductor IP and system-design tools. These are generally permissible technology products, but customer and downstream use vary.

Limitation: The filing reports product categories but does not isolate a reproducible prohibited-use or customer-revenue numerator for defense, surveillance, gaming or other end uses.

Purification

Disclosed interest income is 1.24% of quarterly revenue and passes the examined income limit, but screened operating revenue remains unavailable; this is not a complete fixed purification prescription.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Cadence's first-quarter 2026 Form 10-Q.
  • Debt includes the $425 million revolving-credit balance and $2,481.170 million long-term debt; operating liabilities are excluded.
  • Cash and cash equivalents are $1,406.668 million. Identifiable mortgage-backed and asset-backed debt securities total $79.640 million; marketable equity securities and NQDC trust assets are excluded.
  • Receivables, net are $1,033.814 million.
  • Revenue is $1,474.220 million and disclosed interest income is $18.265 million for the quarter.

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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