SSNLF

Samsung Electronics

HALAL — METHODS DIFFERstock

Is SSNLF Halal?

Samsung's current quantitative asset ratios pass, while finance income, subsidiaries and dual-use technology keep the OTC alias methodology-dependent.

What You Should Know

SSNLF is the preserved OTC alias for Samsung Electronics. Samsung's March 31, 2026 consolidated statements report KRW 633,339,604 million of assets, KRW 28,138,794 million of debt, KRW 73,306,751 million of cash, KRW 97,535,700 million of investments, KRW 88,942,284 million of receivables and KRW 133,873,444 million of revenue. Debt/assets is 4.44%, liquidity/assets is 26.97%, receivables-plus-cash/assets is 25.62% and the conservative financial-income proxy is 4.57% of revenue. The primary Korean listing is SAMSUNG.KS; the SSNLF URL remains unchanged.

⚠️ Concerns

  • Samsung Finance and other financial activities require review
  • Financial-income proxy is 4.57% of Q1 revenue
  • Semiconductor and communications products have dual-use end uses
  • SSNLF is a preserved OTC alias; the URL is unchanged

Current quantitative Sharia screen

Based on Interim consolidated financial statements figures for the period ended 2026-03-31; calculated 2026-07-15.

KRW · millions
Interest-bearing debt / assets
4.44%Within limit
Below 33.333% under FTSE Yasaar

28,138,794 / 633,339,604

Cash + interest-bearing securities / assets
26.97%Within limit
Below 33.333% under FTSE Yasaar

170,842,451 / 633,339,604

Receivables + cash / assets
25.62%Within limit
Below 50% under FTSE Yasaar

162,249,035 / 633,339,604

Non-compliant income / revenue (upper bound)
4.57%Within limit
No more than 5% under FTSE Yasaar

6,122,965 / 133,873,444

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

Debt is 4.44%, liquidity is 26.97%, receivables plus cash are 25.62% and the financial-income proxy is 4.57%; business classification remains incomplete.

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

The examined asset ratios pass; this is not an index-membership claim and the activity screen remains incomplete.

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

The examined debt and liquidity ratios pass; this is an illustrative calculation, not an official classification of a Korean-listed security.

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

Historical market-cap ratios are not stored, so these methods are not estimated from a current spot price.

Business-activity disclosure

Samsung's reported operations are primarily electronics, semiconductors, displays, appliances and automotive components, which are generally permissible industrial activities; finance arms, investments, customer end uses and dual-use technology require continuing qualitative review.

Limitation: The consolidated statements do not allocate every subsidiary, financial product, customer end use or interest component into a school-specific prohibited-revenue numerator.

Purification

Financial income is a mixed upper-bound line and cannot be converted into a scholar-approved purification percentage.

Inputs, assumptions and primary sources
  • Amounts are KRW millions from Samsung Electronics' consolidated March 31, 2026 statements.
  • SSNLF is the preserved OTC alias for Samsung Electronics; SAMSUNG.KS is the primary Korean listing and this record does not change the existing URL.
  • Cash and investment captions follow the issuer summary; trade and non-trade receivables total KRW 88,942,284 million.
  • Financial income of KRW 6,122,965 million is a conservative upper-bound proxy and not a purification prescription.

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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