SYNA
Synaptics Incorporated
Is SYNA Halal?
Designer of human-interface and IoT connectivity semiconductors — a permissible technology business, with leverage as the primary financial-screen consideration.
What You Should Know
Synaptics Incorporated is a publicly-traded semiconductor company that designs human-interface, wireless-connectivity, and edge-AI processing chips — including touch, display, fingerprint, and audio interface products and Wi-Fi, Bluetooth, and GPS connectivity solutions — used in PCs, mobile devices, automotive, and Internet of Things applications. Designing and selling interface and connectivity semiconductors is a general-purpose technology activity that is unambiguously permissible at the activity level under standard Sharia methodology; Synaptics earns product and licensing revenue rather than interest. The financial screen is the primary consideration: Synaptics carries term debt and senior notes, so the debt-to-market-cap ratio should be verified against the 33% Sharia threshold at the time of investment. Subject to that verification, most major Sharia advisory boards classify Synaptics as permissible with purification of small interest-income components.
⚠️ Concerns
- •Debt-to-market-cap ratio should be verified against the 33% Sharia threshold at the time of investment — Synaptics carries interest-bearing term debt and senior notes; this is the primary Sharia-screening consideration and warrants particular attention
- •Term loans and senior notes are conventional, interest-bearing instruments — investors who object to any such issuance should weigh this even where the debt ratio passes the 33% screen
- •As a focused interface-and-connectivity semiconductor company, Synaptics's revenue and margins are cyclical and sensitive to PC, mobile, and IoT end-market demand — this is a business and valuation consideration rather than a Sharia screen concern
- •Interest income from cash balances and the receivables-to-assets ratio should be confirmed against the preferred board's thresholds at the time of investment
Similar Stocks
Want to screen more assets?
Use our interactive Halal Checker to screen any stock, ETF, or crypto instantly.
Go to Halal Checker →