MU

Micron Technology

HALAL — METHODS DIFFERstock

Is MU Halal?

Memory and storage manufacturing; core activity is permissible, but the current screen is methodology-dependent.

What You Should Know

Micron's May 2026 cash plus investments are 22.46% of assets. Receivables plus cash are 41.77%, above the examined MSCI total-assets limit, and gross interest income is not separately disclosed.

⚠️ Concerns

  • Receivables plus cash exceed the examined MSCI total-assets limit
  • Gross interest income is not separately disclosed from net interest income
  • Cyclical, capital-intensive manufacturing and customer concentration
  • Export controls, supply chain, data-center end use and fixed-income investment review

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-05-28; calculated 2026-07-13.

USD · millions
Interest-bearing debt / assets
4.27%Within limit
Below 33.333% under FTSE Yasaar

5,722 / 134,112

Cash + interest-bearing securities / assets
22.46%Within limit
Below 33.333% under FTSE Yasaar

30,128 / 134,112

Receivables + cash / assets
41.77%Within limit
Below 50% under FTSE Yasaar

56,020 / 134,112

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

Debt is 4.27%, identifiable liquidity is 22.46% and receivables plus cash are 41.77%, all below the examined FTSE limits. Gross interest income is not separately disclosed, so the income screen remains incomplete.

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

Debt is 4.27% and liquidity is 22.46%, but receivables plus cash are 41.77% of total assets, above the examined 33.33% total-assets limit.

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

Debt is 4.27% and identifiable conventional liquidity is 22.46%, both below the examined 33% limits. This is a calculation against SAC ratios, not an official SAC classification of a U.S.-listed security; 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

Micron designs and manufactures DRAM, NAND and NOR memory and storage products for data-center, mobile, client, automotive and embedded markets. Semiconductor manufacturing is generally a permissible industrial activity, subject to customer, end-use and financial-structure review.

Limitation: The filing discloses revenue by memory technology and business unit but does not provide a prohibited-revenue numerator by customer purpose, end use, product deployment, financing activity or other screened category.

Purification

Micron reports interest income (expense), net of 215, but gross interest income is not separately disclosed and screened operating revenue is unavailable; this record does not prescribe a fixed purification amount.

Inputs, assumptions and primary sources
  • Interest-bearing debt uses current debt of 582 and long-term debt of 5,140; operating lease liabilities are not included because no finance-lease liability is separately reported in the balance sheet.
  • Cash and cash equivalents use 24,995. Interest-bearing securities use short-term investments of 1,027 plus long-term marketable investments of 4,106. The portfolio includes corporate bonds, asset-backed securities, commercial paper, certificates of deposit and government securities.
  • Receivables use the reported 31,025 balance. The filing does not provide a separate trade-receivable subtotal for this screen.
  • Quarterly revenue uses 41,456 for the 13-week quarter ended May 28, 2026.
  • The filing reports interest income (expense), net of 215, but does not separately disclose gross interest income; no gross non-compliant-income numerator is inferred.

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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