MASI

Masimo Corporation

HALAL — DATA INCOMPLETEstock

Is MASI Halal?

Medical-monitoring technology with a consumer-audio segment — generally permissible activity whose known current asset-based ratios pass, with activity classification incomplete.

What You Should Know

Masimo's April 4, 2026 Form 10-Q reports assets of $1,642.7 million, debt of $452.0 million, cash of $124.6 million, receivables of $248.7 million and quarterly revenue of $403.6 million. Debt/assets is 27.51%, liquidity/assets is 7.59%, receivables plus cash/assets is 22.69% and disclosed interest income is 0.22% 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
  • Consumer-audio segment and strategic alternatives
  • Medical-device regulatory and product-liability exposure
  • Acquisition-related debt and mixed product end uses
  • Disclosed interest income is 0.22% of quarterly revenue; no fixed purification percentage asserted

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-04-04; calculated 2026-07-15.

USD · millions
Interest-bearing debt / assets
27.52%Within limit
Below 33.333% under FTSE Yasaar

452 / 1,642.7

Cash + interest-bearing securities / assets
7.59%Within limit
Below 33.333% under FTSE Yasaar

124.6 / 1,642.7

Receivables + cash / assets
22.72%Within limit
Below 50% under FTSE Yasaar

373.3 / 1,642.7

Non-compliant income / revenue
0.22%Within limit
No more than 5% under FTSE Yasaar

0.9 / 403.6

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

Debt/assets is 27.51%, liquidity/assets is 7.59%, receivables-plus-cash/assets is 22.69% and interest income is 0.22%; activity remains incomplete.

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

Known financial ratios pass; this is not an index-membership claim and activity remains incomplete.

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

Known debt, liquidity and income ratios pass; this is not an official classification.

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

A licensed historical market-cap series is not stored.

Business-activity disclosure

Masimo develops patient-monitoring and medical technologies, with a consumer-audio and health segment. Medical-device activity is generally permissible, but the filing does not provide a universal prohibited-revenue numerator for the mixed product portfolio.

Limitation: No universal prohibited-activity revenue numerator or scholar-specific purification percentage is disclosed.

Purification

Interest income is disclosed, but no scholar-approved purification percentage or universal activity allocation is calculated.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Masimo's April 4, 2026 Form 10-Q.
  • Debt is current and non-current long-term debt of $6.3 million and $445.7 million; operating leases are excluded.
  • Cash is $124.6 million. Accounts receivable uses $228.0 million trade receivables plus $10.7 million related-party receivables.
  • Quarterly revenue is $403.6 million and disclosed interest income is $0.9 million (0.22% of revenue).
  • Medical monitoring and consumer-audio activities remain qualitative; no universal prohibited-revenue numerator is disclosed.

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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