The short answer
Micron (MU) is generally halal as a core business, but the current quantitative result is methodology-dependent. Micron manufactures DRAM, NAND and NOR memory products, which are ordinary industrial components rather than a prohibited business. The May 2026 filing passes the debt and liquidity checks shown under FTSE Yasaar and Malaysia SAC, while the receivables-plus-cash test fails the MSCI total-assets approach. Gross interest income is also not separately disclosed, so this page does not claim a universal pass or prescribe a fixed purification percentage.
This is a research screen, not a fatwa or investment recommendation. Scholars and screening providers can differ on denominator choice, receivables, fixed-income investments and the treatment of general-purpose technology.
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-05-28; calculated 2026-07-13.
5,722 / 134,112
30,128 / 134,112
56,020 / 134,112
- Financial
- Incomplete
- Overall
- Incomplete
Debt is 4.27%, identifiable liquidity is 22.46% and receivables plus cash are 41.77%, all below the examined FTSE limits. Gross interest income is not separately disclosed, so the income screen remains incomplete.
- Financial
- Fails
- Overall
- Fails
Debt is 4.27% and liquidity is 22.46%, but receivables plus cash are 41.77% of total assets, above the examined 33.33% total-assets limit.
- Financial
- Pass
- Overall
- Incomplete
Debt is 4.27% and identifiable conventional liquidity is 22.46%, both below the examined 33% limits. This is a calculation against SAC ratios, not an official SAC classification of a U.S.-listed security; screened business revenue remains unavailable.
- Financial
- Not calculated
- Overall
- Not calculated
A properly licensed and reproducible historical market-cap series is not stored.
Business-activity disclosure
Micron designs and manufactures DRAM, NAND and NOR memory and storage products for data-center, mobile, client, automotive and embedded markets. Semiconductor manufacturing is generally a permissible industrial activity, subject to customer, end-use and financial-structure review.
Limitation: The filing discloses revenue by memory technology and business unit but does not provide a prohibited-revenue numerator by customer purpose, end use, product deployment, financing activity or other screened category.
Purification
Micron reports interest income (expense), net of 215, but gross interest income is not separately disclosed and screened operating revenue is unavailable; this record does not prescribe a fixed purification amount.
Inputs, assumptions and primary sources
- Interest-bearing debt uses current debt of 582 and long-term debt of 5,140; operating lease liabilities are not included because no finance-lease liability is separately reported in the balance sheet.
- Cash and cash equivalents use 24,995. Interest-bearing securities use short-term investments of 1,027 plus long-term marketable investments of 4,106. The portfolio includes corporate bonds, asset-backed securities, commercial paper, certificates of deposit and government securities.
- Receivables use the reported 31,025 balance. The filing does not provide a separate trade-receivable subtotal for this screen.
- Quarterly revenue uses 41,456 for the 13-week quarter ended May 28, 2026.
- The filing reports interest income (expense), net of 215, but does not separately disclose gross interest income; no gross non-compliant-income numerator is inferred.
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 Micron's official filing for fiscal third-quarter 2026, a Form 10-Q for the period ended May 28, 2026. Amounts are in USD millions and use total assets as the denominator so the calculation can be reproduced from the filing.
- Interest-bearing debt / assets: 4.27%, using current debt of $582 million and long-term debt of $5.140 billion.
- Cash plus marketable investments / assets: 22.46%, using cash of $24.995 billion and short- plus long-term investments of $5.133 billion.
- Receivables plus cash / assets: 41.77%, below the examined FTSE 50% limit but above the examined MSCI 33.33% total-assets limit.
- Gross interest income: not separately disclosed. The filing reports interest income (expense), net of $215 million, but a net aggregate is not treated as a gross non-compliant-income numerator.
The Malaysia SAC financial-ratio calculation passes its debt and identifiable-liquidity checks, but the business-activity and income evidence remains incomplete. Market-cap-denominator methods are not calculated because this site does not store a licensed, reproducible historical market-cap series for the filing date.
What Micron does
Micron designs and manufactures memory and storage products. In the quarter ended May 28, 2026, the filing reports $31.328 billion of DRAM revenue, $9.943 billion of NAND revenue and $185 million of other primarily NOR revenue, for total revenue of $41.456 billion. It also reports four business units serving cloud, core data-center, mobile/client, automotive and embedded markets.
Producing memory chips is generally permissible industrial activity. The products are general-purpose components, however, so the filing cannot establish how every downstream customer deploys them or whether any particular use should receive a different ethical or Sharia assessment.
Qualitative considerations
- Downstream end use: DRAM and NAND support data centers, mobile devices, vehicles, industrial systems and other products. Micron does not disclose a prohibited-revenue numerator by customer purpose or final deployment.
- Cash and investments: Micron holds substantial fixed-income and other marketable investments. The filing lists corporate bonds, asset-backed securities, commercial paper, certificates of deposit and government securities; gross interest income is not isolated.
- Customer commitments: strategic take-or-pay agreements, customer deposits and price-band commitments can improve visibility but create contract, concentration and pricing risks.
- Industry cycle: memory manufacturing is capital-intensive and cyclical. Supply, pricing, export controls, geopolitical restrictions, environmental impacts and data-center demand remain material business risks, even when they are not themselves Sharia violations.
- Purification evidence: the prior article's interest-income concern is retained, but a fixed 2% donation instruction would be unsupported by the current filing and is not published here.
How the methodology results differ
Under the FTSE Yasaar approach reproduced here, the known debt, liquidity and receivables ratios pass but the income test remains incomplete because gross interest income is unavailable. Under MSCI's total-assets approach, receivables plus cash fails at 41.77%. Under the Malaysia SAC financial-ratio calculation, the known debt and liquidity ratios pass, while the overall result remains incomplete because screened business revenue is not disclosed. These are calculations against named methods, not official index-membership claims.
Bottom line
MU is presented as halal for its core semiconductor activity, with a methodology-dependent current screen. The primary unresolved items are the MSCI receivables-plus-cash result, the lack of a gross interest-income numerator and the inability to classify downstream customer end use from public reporting.
If you are considering MU, compare this evidence with the methodology and scholar you follow, monitor the next filing, and do not rely on an old ratio or an unsupported claim that every screening provider reaches the same result.
The semiconductor business is permissible, while the current ratio results differ by methodology and gross interest income is not separately disclosed.
Check another asset →