TER

Teradyne, Inc.

HALAL — FINANCIAL SCREENS PASSstock

Is TER Halal?

Semiconductor test equipment and industrial robotics are generally permissible, and the current filing passes the examined financial ratios.

What You Should Know

Teradyne's March 29, 2026 Form 10-Q reports $4,433.8M of assets, no interest-bearing debt outstanding, $241.9M of cash, $152.0M of marketable securities, $1,107.5M of receivables and $1,282.5M of quarterly revenue. Debt/assets is 0.00%, liquidity/assets is 8.89%, receivables plus cash/assets is 30.44% and disclosed interest income/revenue is 0.19%; the examined financial ratios pass. Teradyne supplies semiconductor automated test equipment, industrial robotics, wireless test and product-test systems, with defense and aerospace test customers as qualitative context.

⚠️ Concerns

  • Defense and aerospace product-test customers
  • Cyclical semiconductor capital-equipment exposure
  • Customer concentration with large semiconductor manufacturers
  • Disclosed interest income requires a methodology-specific purification view
  • The filing does not provide a universal prohibited-revenue numerator

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-29; calculated 2026-07-13.

USD · millions
Interest-bearing debt / assets
0.00%Within limit
Below 33.333% under FTSE Yasaar

0 / 4,433.827

Cash + interest-bearing securities / assets
8.89%Within limit
Below 33.333% under FTSE Yasaar

393.971 / 4,433.827

Receivables + cash / assets
30.44%Within limit
Below 50% under FTSE Yasaar

1,349.466 / 4,433.827

Non-compliant income / revenue
0.19%Within limit
No more than 5% under FTSE Yasaar

2.4 / 1,282.494

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

Debt/assets is 0.00%, liquidity/assets is 8.89%, receivables plus cash/assets is 30.44% and interest income/revenue is 0.19%; all examined financial ratios pass.

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

Debt, liquidity, receivables-plus-cash and disclosed interest income pass examined total-assets limits; this is not an index-membership claim.

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

Debt/assets and identifiable conventional cash and instruments are below the examined Malaysia SAC limits; this is not an official SAC classification.

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

No licensed historical market-cap series is stored.

Business-activity disclosure

Teradyne supplies semiconductor automated test equipment, industrial robotics, wireless test and product-test systems. These general-purpose technology products are generally permissible, while defense and aerospace test end markets remain qualitative context.

Limitation: The filing does not allocate revenue into a universal prohibited-activity numerator.

Purification

The filing discloses $2.4 million of interest income, or 0.19% of quarterly revenue; ZakatInvest does not prescribe a fixed scholar-approved purification percentage.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Teradyne's March 29, 2026 Form 10-Q.
  • Teradyne had no outstanding revolving-credit borrowings and no short-term debt at March 29, 2026.
  • Cash is $241.944 million, marketable securities total $152.027 million and accounts receivable is $1,107.522 million.
  • Quarterly revenue was $1,282.494 million and disclosed interest income was $2.4 million.

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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