ENTG

Entegris, Inc.

DOUBTFUL — SCREEN DOES NOT PASSstock

Is ENTG Halal?

Semiconductor materials are generally permissible, but the current debt/assets ratio exceeds the examined Sharia financial limits.

What You Should Know

Entegris' March 28, 2026 Form 10-Q reports $8,475.1M of assets, $3,651.2M of debt, $442.7M of cash, $529.5M of trade receivables and $811.9M of quarterly sales. Debt/assets is 43.08%, above the examined 33.333% FTSE, MSCI and Malaysia asset-based limits; liquidity/assets is 5.22% and receivables plus cash/assets is 11.47%. Entegris supplies specialty materials, filtration, purification and contamination-control products to semiconductor manufacturers, a generally permissible activity, but leverage makes the current financial verdict doubtful.

⚠️ Concerns

  • Debt/assets is 43.08%, above the examined 33.333% limit
  • Term-loan and note debt from the CMC Materials acquisition
  • Cyclical semiconductor capital-spending exposure
  • Disclosed interest income requires a methodology-specific purification view
  • The filing does not provide a universal prohibited-revenue numerator

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-28; calculated 2026-07-13.

USD · millions
Interest-bearing debt / assets
43.08%Above limit
Below 33.333% under FTSE Yasaar

3,651.2 / 8,475.1

Cash + interest-bearing securities / assets
5.22%Within limit
Below 33.333% under FTSE Yasaar

442.7 / 8,475.1

Receivables + cash / assets
11.47%Within limit
Below 50% under FTSE Yasaar

972.2 / 8,475.1

Non-compliant income / revenue
0.23%Within limit
No more than 5% under FTSE Yasaar

1.9 / 811.9

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

Debt/assets is 43.08%, above the examined 33.333% limit; liquidity/assets is 5.22%, receivables plus cash/assets is 11.47% and interest income/revenue is 0.23%.

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

Debt/assets is 43.08%, above the examined MSCI 33.33% limit; other identified ratios pass.

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

Debt/assets is 43.08%, above the examined Malaysia SAC 33% limit.

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

No licensed historical market-cap series is stored; the asset-based screens already fail on debt/assets.

Business-activity disclosure

Entegris supplies specialty materials, filtration, purification, contamination-control products and process consumables to semiconductor manufacturers. These activities are generally permissible, while leverage and semiconductor-cycle exposure remain material context.

Limitation: The filing does not allocate revenue into a universal prohibited-activity numerator.

Purification

The filing discloses $1.9 million of interest income, or 0.23% of quarterly revenue; ZakatInvest does not prescribe a fixed scholar-approved purification percentage.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Entegris' March 28, 2026 Form 10-Q.
  • Total debt is $3,651.2 million net of unamortized discount and issuance costs; no revolving-facility borrowings were outstanding.
  • Cash is $442.7 million and trade accounts receivable is $529.5 million.
  • Quarterly net sales were $811.9 million and disclosed interest income was $1.9 million.

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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