The Short Answer
Qorvo stock (QRVO) is qualitatively halal and its known financial ratios pass, but the overall result is incomplete. The March 28, 2026 filing does not provide a universal prohibited-revenue numerator.
Current quantitative Sharia screen
Based on 10-K figures for the period ended 2026-03-28; calculated 2026-07-15.
1,549.154 / 5,825.59
1,219.015 / 5,825.59
1,601.524 / 5,825.59
43 / 3,678.517
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 26.59%, liquidity/assets is 20.93%, receivables-plus-cash/assets is 27.49% and disclosed interest income is 1.17%; known ratios pass, while activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Known financial ratios pass; this is not an index-membership claim and activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Known debt, liquidity and disclosed income ratios pass; this is not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored.
Business-activity disclosure
Qorvo designs and sells RF, connectivity and analog semiconductor products for mobile, IoT, infrastructure and defense-related markets. The general semiconductor 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 defense, aerospace, mobile or other customer end use by a universal Sharia category; activity remains qualitative.
Purification
Qorvo discloses $43.0 million of interest income for fiscal 2026, but ZakatInvest does not prescribe a scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from Qorvo's March 28, 2026 Form 10-K.
- Long-term debt is $1,549.154 million; operating lease liabilities are excluded.
- Cash and cash equivalents are $1,219.015 million. The $16.295 million long-term investment balance is equity-method and privately held investment activity, not identified debt securities, so it is excluded from interest-bearing securities.
- Net accounts receivable is $382.509 million; other receivables of $16.172 million are separately presented. Fiscal-year revenue is $3,678.517 million.
- The filing reports $43.0 million of interest income for fiscal 2026; no fixed purification percentage is prescribed.
- RF, connectivity and analog semiconductor products are generally permissible, while mobile, infrastructure, defense and aerospace 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.
Designing and selling radio-frequency and connectivity semiconductors is generally permissible. Qorvo has senior notes, but the asset-based debt ratio is 26.59%; disclosed interest income is 1.17% of fiscal-year revenue. No universal prohibited-revenue numerator is disclosed.
Sharia Screening Methodology
Islamic scholars use several criteria to screen stocks:
- Business activity screen: Is the company's primary business halal?
- Debt ratio: Total debt / market cap must be under 33%
- Interest income: Interest income / total revenue must be under 5%
- Haram revenue: Revenue from haram sources must be under 5%
- Receivables ratio: Total receivables / total assets must be under 49–70% (varies by board)
Qorvo's Business Activity
Qorvo designs radio-frequency (RF) and connectivity solutions for wireless markets. Its products include:
- Mobile RF: Front-end modules, amplifiers, filters, and switches
- Connectivity & IoT: Wi-Fi, ultra-wideband, and sensing solutions
- Defense & infrastructure: High-performance RF for aerospace and networks
Designing and selling these RF semiconductors is permissible at the activity level — they are general-purpose connectivity components.
Concerns to Be Aware Of
1. Debt Ratio
Qorvo has issued interest-bearing senior notes. This is the primary Sharia-screening consideration — verify the debt-to-market-cap ratio against the 33% threshold at the time of investment.
2. Defense Exposure
Qorvo derives a portion of revenue from defense and aerospace programs. Investors who avoid defense-linked exposure should evaluate this end-market mix, though RF chips are general-purpose components.
3. Interest Income on Cash
Qorvo holds cash that generates interest income. Verify the interest-income-to-revenue ratio against the 5% threshold and purify the corresponding portion of returns.
Filing-Based Ratios (March 28, 2026)
Based on Qorvo's Form 10-K:
- Debt / Assets: 26.59%
- Cash + interest-bearing securities / Assets: 20.93%
- Receivables + cash / Assets: 27.49%
- Disclosed interest income / Revenue: 1.17%
Methodology Interpretation
The known FTSE, MSCI and Malaysia financial ratios pass. Activity and prohibited-revenue classification remain incomplete, including defense and aerospace end uses; this is not a universal certification.
Bottom Line
Qorvo (QRVO) has a generally permissible semiconductor business and passes the known financial ratios in this filing, but the overall result remains incomplete because activity and prohibited-revenue classification are not universal quantitative measures. Investors should apply their chosen methodology and review senior notes, customer concentration and end uses.
For Muslim investors seeking semiconductor exposure, QRVO sits alongside other halal-screened names like Skyworks (SWKS) and NVIDIA (NVDA).
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