The short answer
Logitech (LOGI) is HALAL on ZakatInvest's qualitative core-business assessment, but its current total-assets liquidity screens fail. The qualitative verdict is HALAL because Logitech sells computer peripherals, collaboration equipment, gaming hardware, headsets and speakers, which are generally permissible technology products. The fiscal 2026 filing reports no borrowing outstanding, but it also reports a large cash-equivalent balance, so the older “minimal debt and every screen passes” summary is incomplete.
This is a reproducible research screen, not a fatwa or investment recommendation. Scholars and screening providers can differ on cash-equivalent treatment, gaming and streaming services, customer end use, and whether a market-cap denominator should be used.
Current quantitative Sharia screen
Based on 10-K figures for the period ended 2026-03-31; calculated 2026-07-13.
0 / 3,848.588
1,741.546 / 3,848.588
2,247.413 / 3,848.588
48.246 / 4,840.761
- Financial
- Fails
- Overall
- Fails
Debt is 0.00%, but liquidity is 45.25% and receivables plus cash are 58.40%, above the examined FTSE asset limits. Disclosed interest income is 1.00%, below the examined 5% income limit; the liquidity failures are decisive.
- Financial
- Fails
- Overall
- Fails
Debt is 0.00%, but liquidity is 45.25% and receivables plus cash are 58.40%, exceeding the examined MSCI total-assets limit of 33.33%. This is a calculation against the named method, not an index-membership claim; business allocation is also incomplete.
- Financial
- Fails
- Overall
- Fails
Debt is 0.00%, but identifiable liquidity is 45.25%, above the examined Malaysia SAC 33% financial limit. This is a calculation against SAC ratios, not an official classification of a Swiss-listed security; product and cash-equivalent treatment remains unresolved.
- 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
Logitech sells computer peripherals, video-collaboration equipment, gaming hardware, tablet accessories, headsets and speakers. These are generally permissible technology products, and Logitech does not report a conventional lending or financial-services segment.
Limitation: The filing does not quantify every gaming, streaming, customer end use, platform service, advertising, government or entertainment activity into a universal prohibited-revenue numerator.
Purification
Logitech discloses $48.246 million of interest income, or 1.00% of fiscal-year sales, but the filing does not prescribe a scholar-approved purification percentage or allocate every cash-equivalent instrument and product activity. Readers should follow the scholar or methodology they use.
Inputs, assumptions and primary sources
- The audited balance sheet reports no short- or long-term debt caption and Logitech reported no borrowing outstanding under its $750 million revolving credit facility; conventional interest-bearing debt is therefore entered as zero. Operating lease liabilities and bank guarantees are not treated as debt here.
- Cash uses $1.741546 billion of cash and cash equivalents. Logitech says this balance includes bank demand deposits, short-term time deposits and U.S. Treasury securities; those instruments are not added again as separate securities.
- Receivables use $505.867 million of net accounts receivable. Logitech sells to distributors, retailers and e-tailers and discloses customer concentration, but does not report a financing portfolio.
- Revenue uses $4.840761 billion of fiscal-year 2026 net sales. Product categories include gaming, keyboards and combos, pointing devices, video collaboration, webcams, tablet accessories, headsets and other speakers.
- The $48.246 million interest-income line is disclosed for fiscal 2026 and arises from highly liquid instruments classified as cash equivalents. It is used for the income screen; deferred-compensation investment gains are not included.
- Gaming sales include PC and console peripherals and Streamlabs services. The filing does not quantify every user end use, game content, platform activity or customer industry into a universal prohibited-revenue numerator.
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 Logitech's official filing (fiscal 2026 Form 10-K for the year ended March 31, 2026). Amounts are in USD millions and use total assets as the denominator so the inputs can be reproduced.
- Interest-bearing debt / assets: 0.00%, because no borrowing was outstanding under Logitech's revolving credit facility and no debt caption appears on the audited balance sheet.
- Cash and cash equivalents / assets: 45.25%, using $1.742 billion of cash and cash equivalents. Logitech says this includes demand deposits, short-term time deposits and U.S. Treasury securities.
- Receivables plus cash / assets: 58.40%, using $505.9 million of receivables plus cash.
- Disclosed interest income / sales: 1.00%, using $48.246 million of interest income against $4.841 billion of fiscal-year sales.
FTSE Yasaar, MSCI total-assets and Malaysia SAC financial screens fail on liquidity or receivables-plus-cash despite the zero-debt input. Disclosed interest income is below the examined 5% income limit. Market-cap denominator methods are not calculated because ZakatInvest does not store a licensed, reproducible historical market-cap series.
What Logitech does now
Logitech's fiscal 2026 sales were $4.841 billion. Product categories included Gaming ($1.414 billion), Keyboards & Combos ($937.6 million), Pointing Devices ($858.9 million), Video Collaboration ($689.0 million), Webcams ($326.2 million), Tablet Accessories ($336.2 million), Headsets ($179.8 million) and Other ($98.9 million). Gross margin was 43.2%.
The company's products are neutral technology hardware. The filing does not quantify every customer industry, government use, game content, streaming activity or platform monetization stream, so product categories are not a universal prohibited-revenue numerator.
Gaming and Streamlabs: a common question
Logitech's Gaming category includes PC gaming mice, headsets, keyboards, steering wheels, console headsets, microphones and Streamlabs services. Manufacturing a mouse, keyboard, headset or camera is generally permissible even though individual users may use those tools for activities that differ in their own Sharia status.
Streamlabs and streaming-related services deserve separate qualitative review because the filing does not disaggregate content, advertising, subscriptions or platform activity. That uncertainty does not turn the hardware business into a prohibited activity, but it means “clean revenue” is too strong a claim.
Qualitative considerations
- Cash and interest income: Cash equivalents include short-term deposits and U.S. Treasuries; the filing reports $48.246 million of interest income, which is included rather than ignored.
- Liquidity screens: Zero reported borrowing does not make every asset-based screen pass when cash is 45.25% of assets and receivables plus cash are 58.40%.
- Customer concentration: Three customers each represented at least 10% of sales, while distributor and e-tailer concentration, returns and incentives require continuing review.
- Operations: Cameras, microphones, privacy, cybersecurity, tariffs, component sourcing, manufacturing labor and e-waste remain continuing diligence questions.
Bottom line
Logitech is presented as HALAL on ZakatInvest's qualitative core-business assessment, with FTSE Yasaar, MSCI total-assets and Malaysia SAC liquidity screens failing. The filing supports a zero-debt input, but its large cash-equivalent balance and $48.246 million of interest income require transparent review. No fixed purification percentage is prescribed here.
Use the quantitative screen alongside the qualitative gaming, streaming, cash-equivalent and customer analysis and consult a qualified scholar for your chosen methodology.
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