FORM
FormFactor, Inc.
Is FORM Halal?
Semiconductor-test and probe-card equipment — generally permissible activity whose known asset-based ratios pass, with activity classification incomplete.
What You Should Know
FormFactor's March 28, 2026 Form 10-Q reports assets of $1,255.850 million, debt of $11.927 million, cash of $123.539 million, marketable securities of $179.742 million, receivables of $132.155 million and quarterly revenue of $226.144 million. Debt/assets is 0.95%, liquidity/assets is 24.15%, receivables plus cash/assets is 20.36% and net interest income is 0.96% of revenue. Known ratios pass, but no universal prohibited-revenue numerator is disclosed.
⚠️ Concerns
- •Known asset-based ratios pass, but no universal prohibited-revenue numerator is disclosed
- •Marketable-securities portfolio
- •Semiconductor-test, memory and advanced-packaging customer end uses
- •Small debt and operating-lease obligations
- •Disclosed net interest income is 0.96%; no fixed purification percentage asserted
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-28; calculated 2026-07-15.
11.927 / 1,255.85
303.281 / 1,255.85
255.694 / 1,255.85
2.174 / 226.144
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 0.95%, liquidity/assets is 24.15%, receivables-plus-cash/assets is 20.36% and interest income is 0.96%; known financial ratios pass but activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Known debt, liquidity and receivables-plus-cash ratios pass the examined MSCI total-assets limits; activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Known debt, liquidity and income ratios pass the examined Malaysia limits; activity remains incomplete and this is not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored and business classification remains incomplete.
Business-activity disclosure
FormFactor supplies semiconductor-test and wafer-probe equipment and related services. The industrial technology activity is generally permissible, while customer products and end uses are not reduced to a universal prohibited-revenue numerator.
Limitation: The filing does not classify every customer, test system or end use by a universal Sharia category; activity remains qualitative.
Purification
FormFactor discloses $2.174 million of net interest income, but ZakatInvest does not prescribe a scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from FormFactor's March 28, 2026 Form 10-Q.
- Debt includes $1.145 million current and $10.782 million non-current long-term debt; operating leases are excluded.
- Cash is $123.539 million and marketable securities are $179.742 million.
- Net accounts receivable is $132.155 million and first-quarter revenue is $226.144 million.
- The filing discloses $2.174 million of net interest income, or 0.96% of quarterly revenue; no fixed purification percentage is prescribed.
- Semiconductor-test and probe-card equipment is generally permissible, but customer and end-use revenue remains qualitative.
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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