The short answer
ASML is HALAL on ZakatInvest's qualitative core-business assessment, with the examined financial result shown as methodology-dependent because gross interest income and current-debt detail are incomplete. ASML manufactures lithography, metrology and inspection systems for semiconductor fabrication. Its equipment can ultimately support commercial, industrial, governmental and dual-use applications, so “no possible concern” would overstate the filing.
This is a reproducible research screen, not a fatwa or investment recommendation. Scholars and screening providers can differ on debt embedded in current liabilities, loans receivable, short-term investments, cash equivalents and indirect end-use exposure.
Current quantitative Sharia screen
Based on 6-K figures for the period ended 2026-03-29; calculated 2026-07-13.
2,705.6 / 48,060.5
8,376.3 / 48,060.5
15,195.6 / 48,060.5
- Financial
- Incomplete
- Overall
- Incomplete
Debt is 5.63%, liquidity is 17.43% and receivables plus cash are 27.62%, below the examined FTSE asset limits; gross non-compliant income is unavailable.
- Financial
- Pass
- Overall
- Incomplete
Debt is 5.63%, liquidity is 17.43% and receivables plus cash are 27.62%, below the examined MSCI total-assets limits. This is a calculation against the named method, not an index-membership claim; business allocation remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt is 5.63% and liquidity is 17.43%, below the examined Malaysia SAC financial limits. This is a calculation against SAC ratios, not an official classification of a foreign-listed security; business activity remains incomplete.
- Financial
- Not calculated
- Overall
- Not calculated
A properly licensed and reproducible historical market-cap series is not stored, so these methods are not estimated from a current spot price.
Business-activity disclosure
ASML manufactures lithography, metrology, inspection and service systems used in semiconductor fabrication. Industrial equipment manufacturing is generally permissible, while the ultimate use of chips made with its systems can be commercial, industrial, governmental or dual-use.
Limitation: The filing does not allocate every system, customer, chip end use or service contract into a universal prohibited-revenue numerator; no blanket zero-concern or index-membership claim is made.
Purification
ASML does not separately disclose gross interest income or prescribe a scholar-approved purification percentage in the examined summary. No fixed estimate is made here; readers should follow the scholar or methodology they use.
Inputs, assumptions and primary sources
- Inputs use ASML’s US GAAP Q1 2026 summary for the quarter ended March 29, 2026: total assets €48,060.5 million and total net sales €8,766.9 million.
- Debt uses €2,705.6 million of long-term debt. Current debt, if any, is included in current liabilities without a separately identified amount in the summary, so this is a disclosed lower-bound debt input and should be revisited against the detailed filing.
- Cash uses €7,970.4 million of cash and cash equivalents. Short-term investments use €405.9 million; equity and equity-method investments are not entered as interest-bearing securities.
- Receivables use €4,402.9 million accounts receivable, €630.4 million current finance receivables, €198.2 million noncurrent finance receivables and €267.8 million current loans receivable plus €1,725.9 million noncurrent loans receivable.
- ASML reports €40.9 million of interest and other, net, but does not separately disclose gross interest income in this summary. The income screen is therefore unavailable rather than estimated from net figures.
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.
Current quantitative screen
The calculations above use ASML's official SEC-filed Q1 2026 US GAAP financial statements. Amounts are in EUR millions and use total assets as the denominator.
- Interest-bearing debt / assets: 5.63%, using €2,705.6 million of disclosed long-term debt.
- Cash and short-term investments / assets: 17.43%, using €7,970.4 million of cash and €405.9 million of short-term investments.
- Receivables plus cash / assets: 31.63%, including accounts receivable, finance receivables, loans receivable and cash.
- Disclosed non-compliant income / sales: unavailable. ASML reports €40.9 million of interest and other, net, but does not separately disclose gross interest income in the examined summary.
The known ratios are below the examined total-assets limits, but the FTSE income input and complete business allocation remain incomplete. Market-cap denominator methods are not calculated because ZakatInvest does not store a licensed, reproducible historical market-cap series.
What ASML does
ASML makes EUV and DUV lithography systems, metrology and inspection tools, and related services and upgrades. These systems are sold to semiconductor manufacturers and help create advanced chips used across phones, computing, vehicles, medical systems and industrial equipment.
The core activity is specialized industrial equipment manufacturing and is generally permissible. The official filing does not allocate every customer, system or chip end use into a prohibited-revenue numerator, so this analysis keeps the business assessment qualitative and transparent.
Cash, debt and interest treatment
At March 29, 2026, ASML reported €48,060.5 million of assets, €7,970.4 million of cash and €405.9 million of short-term investments. It reported €2,705.6 million of long-term debt. Current liabilities are reported in aggregate in the quarterly summary, so any current debt component should be checked against the detailed notes at the next refresh.
ASML reported €40.9 million of interest and other, net. Because gross interest income is not isolated, no unsupported “1% purification” instruction is repeated here; readers should follow the scholar or methodology they use.
Qualitative considerations
- Export controls: China restrictions, licensing and geopolitical developments can change customers, products and end-market exposure.
- Dual-use applications: chips made with ASML systems may support commercial, governmental or defense-adjacent applications, although ASML is several steps removed from end use.
- Supply chain: specialized suppliers, intellectual property, service commitments and production capacity deserve continuing review.
- Operations: energy, water, chemicals, labor and environmental impacts remain relevant ethical diligence questions.
- Investments: cash, loans, finance receivables and short-term securities can change the quantitative result under different methodologies.
The halal verdict
ASML is presented as HALAL on its qualitative industrial-technology core, with an INCOMPLETE or methodology-dependent financial presentation because current-debt and gross-interest details are not fully isolated in the examined summary. This is not an official index membership or fatwa. Investors should apply the scholar and methodology they follow and revisit the record when ASML files new statements or changes export, investment or customer disclosures.
Use the quantitative screen alongside export-control, dual-use and investment analysis, and consult a qualified scholar for your chosen methodology.
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