SYNA

Synaptics Incorporated

HALAL — SCREEN DOES NOT PASSstock

Is SYNA Halal?

IoT, automotive and mobile semiconductor solutions — generally permissible activity whose known ratios pass, with gross interest income and activity classification incomplete.

What You Should Know

Synaptics' March 28, 2026 Form 10-Q reports assets of $2,522.4 million, debt of $836.7 million, cash of $404.4 million, receivables of $162.5 million and quarterly revenue of $294.2 million. Debt/assets is 33.17%, liquidity/assets is 16.03% and receivables plus cash/assets is 22.47%; gross interest income is not separately disclosed. Known ratios pass, but the FTSE income input and activity classification remain incomplete.

⚠️ Concerns

  • Debt/assets is 33.17%, close to examined 33.333% limits
  • Convertible and other long-term debt
  • Enterprise, automotive and mobile end uses
  • Gross interest income is unavailable
  • No universal prohibited-revenue numerator is disclosed

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-28; calculated 2026-07-15.

USD · millions
Interest-bearing debt / assets
33.17%Within limit
Below 33.333% under FTSE Yasaar

836.7 / 2,522.4

Cash + interest-bearing securities / assets
16.03%Within limit
Below 33.333% under FTSE Yasaar

404.4 / 2,522.4

Receivables + cash / assets
22.47%Within limit
Below 50% under FTSE Yasaar

566.9 / 2,522.4

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

Known debt/assets is 33.17%, liquidity/assets is 16.03% and receivables-plus-cash/assets is 22.47%; gross interest income is unavailable.

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

Known financial ratios pass; this is not an index-membership claim and activity remains incomplete.

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

Debt/assets is 33.17%, above the examined Malaysia 33% limit; this is not an official classification.

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

A licensed historical market-cap series is not stored; the Malaysia debt screen fails.

Business-activity disclosure

Synaptics develops semiconductor and software solutions for IoT, enterprise, automotive and mobile applications. The technology activity is generally permissible, while customer and end-use revenue is not reduced to a universal prohibited-revenue numerator.

Limitation: The filing does not classify every customer end use by a universal Sharia category; activity remains qualitative.

Purification

Synaptics does not separately disclose gross interest income in this filing; ZakatInvest does not prescribe a scholar-approved purification percentage.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Synaptics' March 28, 2026 Form 10-Q.
  • Debt is $836.7 million net carrying value of long-term debt; operating lease liabilities are excluded.
  • Cash is $404.4 million and no short-term investment balance is reported at March 28, 2026.
  • Net accounts receivable is $162.5 million and third-quarter net revenue is $294.2 million.
  • The filing reports interest expense and other, net but does not separately disclose gross interest income.
  • IoT, automotive and mobile semiconductor solutions are generally permissible, while customer end uses remain qualitative.

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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