MRVL

Marvell Technology, Inc.

DOUBTFUL — DATA INCOMPLETEstock

Is MRVL Halal?

Semiconductor activity is generally permissible, but the current screen is incomplete because end-use and interest-income disclosure are limited.

What You Should Know

Marvell's May 2026 filing reports 18.41% debt/assets, 14.45% identifiable liquidity/assets and 21.21% receivables-plus-cash/assets, so the examined financial ratios pass. The filing does not separately disclose interest income or classify all AI, government and hyperscaler end uses.

⚠️ Concerns

  • Customer end-use and downstream applications are not fully disclosed
  • Higher debt from major acquisitions
  • Interest income is not separately disclosed
  • Semiconductor supply-chain labor, minerals, export controls and energy use require review

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-05-02; calculated 2026-07-13.

USD · millions
Interest-bearing debt / assets
18.41%Within limit
Below 33.333% under FTSE Yasaar

4,961.3 / 26,944.5

Cash + interest-bearing securities / assets
14.44%Within limit
Below 33.333% under FTSE Yasaar

3,890.9 / 26,944.5

Receivables + cash / assets
21.21%Within limit
Below 50% under FTSE Yasaar

5,715.3 / 26,944.5

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

Debt/assets is 18.41%, identifiable liquidity/assets is 14.45%, and receivables plus cash/assets is 21.21%; interest-income and business end-use disclosure remain incomplete.

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

Debt, liquidity and receivables-plus-cash ratios are below the examined total-assets limits; business classification remains incomplete.

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

Debt/assets and identifiable liquidity/assets are below 33%; this is a calculation against SAC ratios, not an official classification.

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

A licensed reproducible 24- or 36-month market-cap history is not stored; a spot estimate is not substituted.

Business-activity disclosure

Marvell designs data-infrastructure semiconductors, custom AI silicon, networking chips and optical interconnects. The core technology activity is generally permissible, while customer end-use and downstream applications require continuing qualitative review.

Limitation: The filing does not classify every customer, end use or product application under a Sharia standard.

Purification

Interest income is not separately disclosed in the current filing. ZakatInvest does not prescribe a fixed scholar-approved purification percentage.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Marvell's May 2, 2026 Form 10-Q.
  • Debt is long-term debt; no short-term debt was reported at period end.
  • Identifiable securities include time deposits and NQDC/severance securities; marketable equity investments are excluded.
  • The filing does not separately disclose interest income, so no unsupported income numerator is invented.
  • Revenue and customer end-use categories do not provide a universal prohibited-revenue numerator.

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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