GFS
GlobalFoundries Inc.
Is GFS Halal?
Pure-play semiconductor foundry — generally permissible activity whose known current asset-based ratios pass, with activity classification incomplete.
What You Should Know
GLOBALFOUNDRIES' December 31, 2025 Form 20-F reports assets of $17,141 million, long-term debt of $1,151 million, cash of $1,809 million, marketable securities of $2,180 million, receivables of $1,104 million and fiscal-year revenue of $6,791 million. Debt/assets is 6.71%, liquidity/assets is 23.27%, receivables plus cash/assets is 16.99% and disclosed finance income is 2.34% of revenue. Known asset-based ratios pass, but no universal prohibited-revenue numerator is disclosed.
⚠️ Concerns
- •Known asset-based ratios pass, but no universal prohibited-revenue numerator is disclosed
- •Automotive, communications, mobile and industrial customer end uses
- •Capital-intensive fabs, utilization cycles and export controls
- •Large cash and marketable-securities portfolio
- •Disclosed finance income is 2.34% of fiscal-year revenue; no fixed purification percentage asserted
Current quantitative Sharia screen
Based on 20-F figures for the period ended 2025-12-31; calculated 2026-07-15.
1,151 / 17,141
3,989 / 17,141
2,913 / 17,141
159 / 6,791
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 6.71%, liquidity/assets is 23.27%, receivables-plus-cash/assets is 16.99% and finance income is 2.34%; activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Known debt, liquidity and receivables-plus-cash ratios pass the examined limits; this is not an index-membership claim and activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Known debt, liquidity and disclosed finance-income ratios pass the examined Malaysia limits; this is not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored; filing-based asset ratios remain documented.
Business-activity disclosure
GlobalFoundries manufactures semiconductors for automotive, communications, mobile, IoT and industrial customers. Contract foundry manufacturing is generally permissible, but the filing does not provide a universal prohibited-revenue numerator for customer end uses.
Limitation: No universal prohibited-activity revenue numerator or scholar-specific purification percentage is disclosed; customer end-use allocation remains qualitative.
Purification
Finance income of $159 million is disclosed, but no scholar-approved purification percentage is calculated and customer activity is not fully allocated.
Inputs, assumptions and primary sources
- Amounts are USD millions from GLOBALFOUNDRIES' December 31, 2025 Form 20-F.
- Interest-bearing debt is current and non-current long-term debt totaling $1,151 million; lease obligations are excluded.
- Cash is $1,809 million and marketable securities are $2,180 million across current and non-current balances.
- Trade receivables of $1,041 million and unbilled accounts receivable of $63 million are used; government grants, prepayments and other assets are excluded.
- Annual revenue is $6,791 million and disclosed finance income is $159 million, including deposits, FVOCI investments and accretion income (2.34% of revenue).
- Semiconductor foundry activity is generally permissible, but no universal prohibited-revenue numerator is disclosed for customer end uses.
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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