SMCI

Super Micro Computer Inc.

DOUBTFUL — SCREEN DOES NOT PASSstock

Is SMCI Halal?

AI infrastructure is generally permissible, but the latest total-assets debt and receivables screens fail.

What You Should Know

Super Micro Computer's March 31, 2026 filing reports 37.41% interest-bearing debt/assets, 5.77% identifiable liquidity/assets and 41.38% receivables-plus-cash/assets. Interest income is 45.4 million, or 0.44% of quarterly net sales. Server and storage products are generally permissible, while government/defense end use remains qualitative.

⚠️ Concerns

  • Debt/assets is 37.41%, above the examined 33% limits
  • Receivables-plus-cash/assets is 41.38% under the examined MSCI total-assets screen
  • Government and defense end-use disclosure is not contract-level
  • Interest income is 45.4 million for the quarter

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.

USD · millions
Interest-bearing debt / assets
37.41%Above limit
Below 33.333% under FTSE Yasaar

8,773.101 / 23,452.029

Cash + interest-bearing securities / assets
5.77%Within limit
Below 33.333% under FTSE Yasaar

1,352.546 / 23,452.029

Receivables + cash / assets
41.38%Within limit
Below 50% under FTSE Yasaar

9,703.72 / 23,452.029

Non-compliant income / revenue
0.44%Within limit
No more than 5% under FTSE Yasaar

45.4 / 10,243.014

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

Debt/assets is 37.41%, above the examined 33.333% limit; liquidity/assets is 5.77%, receivables plus cash/assets is 41.38% and disclosed interest income/revenue is 0.44%.

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

Debt/assets is 37.41% and receivables plus cash/assets is 41.38%, above the examined total-assets limits; liquidity/assets is 5.77%. This is a calculation against the named method, not an index-membership claim.

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

Debt/assets is 37.41%, above the examined Malaysia SAC 33% financial limit; identifiable liquidity/assets is 5.77%. 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 properly licensed reproducible 24- or 36-month market-cap history is not stored; a spot estimate is not substituted.

Business-activity disclosure

Super Micro Computer designs and manufactures servers, storage systems, GPU platforms and data-center infrastructure. General-purpose hardware is generally permissible, but customer, government and defense end use requires qualitative review.

Limitation: The filing does not classify every customer or end use under a Sharia taxonomy and does not provide a universal prohibited-revenue numerator.

Purification

Interest income of 45.4 million is disclosed, but ZakatInvest does not prescribe a fixed scholar-approved purification percentage.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Super Micro Computer's March 31, 2026 Form 10-Q.
  • Interest-bearing debt includes current and non-current lines of credit and term loans plus convertible notes (8,773.101).
  • Cash is 1,290.324; identifiable money-market, certificate-of-deposit and equity securities outside cash total 62.222.
  • Accounts receivable is 8,413.396 and quarterly net sales are 10,243.014.
  • Interest income of 45.4 is disclosed for the quarter; customer and government end-use revenue is not allocated to a universal prohibited-activity 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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