LITE
Lumentum Holdings Inc.
Is LITE Halal?
Optical, photonic and laser-component business — generally permissible activity, but current debt, liquidity and receivables screens fail.
What You Should Know
Lumentum's March 28, 2026 Form 10-Q reports assets of $7,027.900 million, debt of $3,281.800 million, cash of $2,617.800 million, short-term investments of $554.500 million, receivables of $441.600 million and quarterly revenue of $808.400 million. Debt/assets is 46.70%, liquidity/assets is 45.14%, receivables plus cash/assets is 43.53% and disclosed interest and investment income is 1.84% of revenue. Debt, liquidity and receivables screens fail; no universal prohibited-revenue numerator is disclosed.
⚠️ Concerns
- •Debt/assets is 46.70%, above examined 33.333% limits
- •Liquidity/assets is 45.14%, above examined 33.333% limits
- •Receivables-plus-cash/assets is 43.53%, above the examined MSCI limit
- •Large debt and short-term investment portfolio
- •Telecom, data-center, consumer and industrial end uses require qualitative review
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-28; calculated 2026-07-15.
3,281.8 / 7,027.9
3,172.3 / 7,027.9
3,059.4 / 7,027.9
14.9 / 808.4
- Financial
- Fails
- Overall
- Fails
Debt/assets is 46.70%, liquidity/assets is 45.14% and receivables-plus-cash/assets is 43.53%; debt, liquidity and receivables exceed examined limits. Income is 1.84% of revenue.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 46.70%, liquidity/assets is 45.14% and receivables-plus-cash/assets is 43.53%, above the examined MSCI total-assets limits; this is not an index-membership claim.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 46.70% and liquidity/assets is 45.14%, above the examined Malaysia limits; this is not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A licensed historical market-cap series is not stored; the asset-based debt and liquidity screens already fail.
Business-activity disclosure
Lumentum designs optical, photonic and laser components for cloud, AI/ML, telecom, consumer and industrial applications. The technology activity is generally permissible, while customer and end-use revenue is not reduced to a universal prohibited-revenue numerator.
Limitation: The filing does not classify every optical, telecom, consumer or industrial end use by a universal Sharia category; activity remains qualitative.
Purification
Lumentum discloses $14.9 million of interest and investment income for the quarter, but ZakatInvest does not prescribe a scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from Lumentum's March 28, 2026 Form 10-Q.
- Debt includes $3,238.6 million current borrowings and $43.2 million long-term debt; operating lease liabilities are excluded.
- Cash is $2,617.8 million and short-term investments are $554.5 million.
- Net accounts receivable is $441.6 million and third-quarter revenue is $808.4 million.
- The filing reports $14.9 million of interest and investment income on cash equivalents and short-term investments for the quarter; no fixed purification percentage is prescribed.
- Optical, photonic and laser components are generally permissible, but telecom, data-center, consumer and industrial end uses remain 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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