INTC

Intel Corp.

HALAL — FINANCIAL SCREENS PASSstock

Is INTC Halal?

Semiconductor and foundry activity — March 2026 financial ratios pass, while downstream end-use revenue is not separately disclosed.

What You Should Know

Intel's March 28, 2026 Form 10-Q shows $205,332 million of assets, $45,031 million of debt, $45,740 million of cash plus identifiable debt securities and $4,066 million of receivables. Debt/assets is 21.93%, liquidity/assets is 22.28% and receivables plus cash/assets is 10.38%. The result remains qualified because Intel does not classify downstream end uses.

⚠️ Concerns

  • General-purpose chips can support both beneficial and harmful end uses
  • Foundry customers, export controls and geopolitical concentration
  • Manufacturing energy, water, labor and mineral sourcing

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-28; calculated 2026-07-14.

USD · millions
Interest-bearing debt / assets
21.93%Within limit
Below 33.333% under FTSE Yasaar

45,031 / 205,332

Cash + interest-bearing securities / assets
22.28%Within limit
Below 33.333% under FTSE Yasaar

45,740 / 205,332

Receivables + cash / assets
10.38%Within limit
Below 50% under FTSE Yasaar

21,313 / 205,332

Non-compliant income / revenue
2.45%Within limit
No more than 5% under FTSE Yasaar

333 / 13,577

FTSE Yasaar
v4.6, February 2026
Financial
Pass
Overall
Incomplete

Debt/assets is 21.93%, liquidity/assets is 22.28%, receivables-plus-cash/assets is 10.38%, and disclosed interest income is 2.45%; financial ratios pass, while end-use revenue remains incomplete.

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

The examined debt, liquidity and receivables-plus-cash ratios are below MSCI total-assets limits; business activity is qualified because end-use revenue is not separately disclosed.

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

Debt/assets and identifiable liquidity/assets are below the examined Malaysia SAC limits. This is a calculation against SAC ratios, not an official SAC classification.

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

A licensed historical market-cap series is not stored, so market-cap denominator methods are not estimated from a spot price.

Business-activity disclosure

Intel designs and manufactures processors, networking products, foundry services and related software. Semiconductor and computing infrastructure are generally permissible activities.

Limitation: Intel does not classify revenue by defense, surveillance, gaming, cryptocurrency or other potentially sensitive downstream uses, so a prohibited-revenue numerator cannot be reproduced.

Purification

Disclosed interest income is 2.45% of quarterly revenue, but a complete investment-income and operating-income decomposition is not provided. ZakatInvest does not prescribe a fixed purification percentage.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Intel's March 28, 2026 Form 10-Q.
  • Debt is current debt plus long-term debt; identifiable interest-bearing securities are available-for-sale debt securities.
  • Accounts receivable is the reported net current balance. Intel does not separately disclose prohibited-business revenue or end-use revenue.
  • Interest income is 333 million for the reported quarter and is disclosed as a separate investment-income line.

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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