CRDO
Credo Technology Group Holding Ltd
Is CRDO Halal?
High-speed connectivity semiconductor and cable business — generally permissible activity, but current liquidity and receivables screens fail.
What You Should Know
Credo's May 2, 2026 Form 10-K reports assets of $2,295.619 million, no interest-bearing debt, cash of $1,164.952 million, short-term certificates of deposit of $278.334 million, receivables of $233.377 million and fiscal-year revenue of $1,335.116 million. Debt/assets is 0.00%, liquidity/assets is 62.87%, receivables plus cash/assets is 60.91% and disclosed interest income is 2.34% of revenue. Liquidity and receivables screens fail; no universal prohibited-revenue numerator is disclosed.
⚠️ Concerns
- •Liquidity/assets is 62.87%, above examined 33.333% limits
- •Receivables-plus-cash/assets is 60.91%, above examined FTSE and MSCI limits
- •Large cash and certificate-of-deposit portfolio
- •Data-center, AI and customer end-use exposure
- •Disclosed interest income is 2.34%; no fixed purification percentage asserted
Current quantitative Sharia screen
Based on 10-K figures for the period ended 2026-05-02; calculated 2026-07-15.
0 / 2,295.619
1,443.286 / 2,295.619
1,398.329 / 2,295.619
31.3 / 1,335.116
- Financial
- Fails
- Overall
- Fails
Debt/assets is 0.00%, liquidity/assets is 62.87% and receivables-plus-cash/assets is 60.91%; liquidity and receivables exceed the examined limits. Interest income is 2.34% of revenue.
- Financial
- Fails
- Overall
- Fails
Liquidity/assets is 62.87% and receivables-plus-cash/assets is 60.91%, above the examined MSCI total-assets limits; this is not an index-membership claim.
- Financial
- Fails
- Overall
- Fails
Liquidity/assets is 62.87%, above the examined Malaysia 33% limit; this is not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A licensed historical market-cap series is not stored; liquidity and receivables failure is independently documented.
Business-activity disclosure
Credo designs high-speed connectivity chips, active electrical cables and optical solutions for data centers and AI infrastructure. Semiconductor and networking activity is generally permissible, while downstream customer and end-use revenue remains qualitative.
Limitation: The filing does not classify data-center, cloud, AI or customer end uses by a universal Sharia category.
Purification
Credo discloses interest income of $31.300 million, but ZakatInvest does not prescribe a scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from Credo's May 2, 2026 Form 10-K.
- No interest-bearing debt is reported; operating lease liabilities are excluded.
- Cash and cash equivalents are $1,164.952 million and short-term certificates of deposit are $278.334 million.
- Accounts receivable is $233.377 million and fiscal-year revenue is $1,335.116 million.
- The filing discloses $31.300 million of interest income from cash and short-term investments.
- High-speed connectivity semiconductors and cables are generally permissible, but no universal prohibited-revenue numerator is 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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