CIEN
Ciena Corporation
Is CIEN Halal?
Network infrastructure and software provider with strong Sharia compliance.
What You Should Know
Ciena provides networking systems, services, and software. Business is permissible, excellent debt ratios, strong financial position. Its May 2, 2026 Form 10-Q reports $6,039.449 million of assets, $1,531.119 million of interest-bearing debt, $1,045.361 million of cash and restricted cash, $357.814 million of investments, $1,052.569 million of receivables and $1,570.739 million of quarterly revenue. Debt/assets is 25.35%, liquidity/assets is 23.23%, receivables-plus-cash/assets is 34.74%, and disclosed interest and other income is 0.90% of revenue; FTSE and Malaysia financial ratios pass, while the stricter MSCI receivables ratio fails.
⚠️ Concerns
- •Term-loan and senior-note leverage
- •MSCI receivables-plus-cash ratio exceeds the examined limit
- •Interest and other income
- •Telecom and government end uses require review
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-05-02; calculated 2026-07-14.
1,531.119 / 6,039.449
1,403.175 / 6,039.449
2,097.93 / 6,039.449
14.111 / 1,570.739
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 25.35%, liquidity/assets is 23.23%, receivables-plus-cash/assets is 34.74%, and disclosed income is 0.90% of revenue; business activity remains incomplete.
- Financial
- Fails
- Overall
- Fails
Receivables-plus-cash/assets is 34.74%, above the examined MSCI 33.33% limit; debt/assets is 25.35% and liquidity/assets is 23.23%.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets and liquidity/assets pass the examined Malaysia limits; this is a calculation against SAC ratios, not an official classification, and activity remains incomplete.
- Financial
- Not calculated
- Overall
- Incomplete
A properly licensed and reproducible historical market-cap series is not stored; method-specific filing-based results remain documented.
Business-activity disclosure
Ciena provides networking systems, services and software. The core infrastructure business is generally permissible, while government, telecom and critical-infrastructure end uses require qualitative review.
Limitation: The filing does not provide a universal prohibited-activity numerator across products, customers and service lines.
Purification
Ciena reports $14.111 million of interest and other income, net, 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 Ciena's May 2, 2026 Form 10-Q.
- Interest-bearing debt is $1,133.654 million net carrying value for the refinanced term loan plus $397.465 million net carrying value for the 2030 senior notes.
- Cash and restricted cash are $1,045.361 million; short- and long-term investments total $357.814 million. Accounts receivable, net are $1,052.569 million.
- Quarterly revenue is $1,570.739 million. The filing reports $14.111 million of interest and other income, net; it is used conservatively as disclosed non-compliant income.
- Networking hardware, software and services are generally permissible, but customer and government end uses are not reduced to a universal prohibited-activity numerator.
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.
Similar Stocks
Want to screen more assets?
Use our interactive Halal Checker to screen any stock, ETF, or crypto instantly.
Go to Halal Checker →