LRCX

Lam Research Corp.

HALAL — SCREEN DOES NOT PASSstock

Is LRCX Halal?

Semiconductor equipment — essential manufacturing infrastructure.

What You Should Know

Lam Research manufactures semiconductor processing equipment. Core industrial business is permissible. Its March 2026 Form 10-Q reports $20,791.910 million of assets, $3,730.384 million of debt and finance-lease obligations, and $16,510.452 million of nine-month revenue; the examined financial ratios pass, while customer, export-control and downstream end-use questions remain qualitative.

⚠️ Concerns

  • Moderate debt from expansion
  • Minor interest income
  • Receivables plus cash are 42.73% of assets under the examined total-assets denominator
  • China, Taiwan, Korea concentration and downstream defense or surveillance use require review

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-29; calculated 2026-07-14.

USD · millions
Interest-bearing debt / assets
17.94%Within limit
Below 33.333% under FTSE Yasaar

3,730.384 / 20,791.91

Cash + interest-bearing securities / assets
22.85%Within limit
Below 33.333% under FTSE Yasaar

4,750.936 / 20,791.91

Receivables + cash / assets
42.73%Within limit
Below 50% under FTSE Yasaar

8,883.826 / 20,791.91

Non-compliant income / revenue
0.97%Within limit
No more than 5% under FTSE Yasaar

159.724 / 16,510.452

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

Debt/assets is 17.94%, liquidity/assets is 22.85%, receivables-plus-cash/assets is 42.73% and disclosed interest income is 0.97%; the financial ratios pass, while business revenue remains incomplete.

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

Receivables-plus-cash/assets is 42.73%, above the examined MSCI 33.33% total-assets limit; debt and liquidity pass.

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

Debt and identifiable conventional liquidity are below 33% of total assets; this is not an official SAC classification and screened business revenue remains unavailable.

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

A properly licensed and reproducible historical market-cap series is not stored.

Business-activity disclosure

Lam Research designs and manufactures wafer-fabrication equipment and related support services. Semiconductor manufacturing infrastructure is generally permissible, while downstream customer use requires qualitative review.

Limitation: The filing reports market and geographic mix but does not isolate a reproducible prohibited-use numerator for defense, surveillance, gaming or other downstream applications.

Purification

Disclosed interest income is 0.97% of nine-month revenue and passes the examined income limit, but screened downstream-use revenue remains unavailable; this is not a complete fixed purification prescription.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Lam Research's fiscal 2026 third-quarter Form 10-Q.
  • Debt and finance-lease obligations total $3,730.384 million, including the current portion; operating leases are excluded.
  • Cash and cash equivalents are $4,750.936 million and already include money-market funds and time deposits, so no additional securities are added to avoid double counting.
  • Accounts receivable, net is $4,132.890 million.
  • Revenue is $16,510.452 million for the nine months ended March 29, 2026 and disclosed interest income is $159.724 million for the same period.

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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