The Short Answer
Synaptics stock (SYNA) is qualitatively halal, but the current quantitative result is methodology-dependent. The March 28, 2026 filing passes the known MSCI and Malaysia ratios, while FTSE remains incomplete because gross interest income is unavailable; Malaysia's 33% debt threshold is also slightly exceeded by the reported carrying value.
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-28; calculated 2026-07-15.
836.7 / 2,522.4
404.4 / 2,522.4
566.9 / 2,522.4
- Financial
- Incomplete
- Overall
- Incomplete
Known debt/assets is 33.17%, liquidity/assets is 16.03% and receivables-plus-cash/assets is 22.47%; gross interest income is unavailable.
- Financial
- Pass
- Overall
- Incomplete
Known financial ratios pass; this is not an index-membership claim and activity remains incomplete.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 33.17%, above the examined Malaysia 33% limit; this is not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A licensed historical market-cap series is not stored; the Malaysia debt screen fails.
Business-activity disclosure
Synaptics develops semiconductor and software solutions for IoT, enterprise, automotive and mobile applications. The technology 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 customer end use by a universal Sharia category; activity remains qualitative.
Purification
Synaptics does not separately disclose gross interest income in this filing; ZakatInvest does not prescribe a scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from Synaptics' March 28, 2026 Form 10-Q.
- Debt is $836.7 million net carrying value of long-term debt; operating lease liabilities are excluded.
- Cash is $404.4 million and no short-term investment balance is reported at March 28, 2026.
- Net accounts receivable is $162.5 million and third-quarter net revenue is $294.2 million.
- The filing reports interest expense and other, net but does not separately disclose gross interest income.
- IoT, automotive and mobile semiconductor solutions are generally permissible, while customer 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 interface and connectivity semiconductors is generally permissible. Synaptics carries long-term debt, and the filing does not separately disclose gross interest income; 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)
Synaptics's Business Activity
Synaptics designs human-interface, connectivity, and edge-AI chips. Its products include:
- Human interface: Touch, display, fingerprint, and audio chips
- Wireless connectivity: Wi-Fi, Bluetooth, and GPS solutions
- Edge AI & IoT: Processors for connected and embedded devices
Designing and selling these semiconductors is permissible at the activity level — they are general-purpose interface and connectivity technology.
Concerns to Be Aware Of
1. Debt Ratio
Synaptics carries interest-bearing term debt and 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. Interest Income on Cash
Synaptics holds cash that generates interest income. Verify the interest-income-to-revenue ratio against the 5% threshold and purify the corresponding portion of returns.
3. Cyclicality
As a focused interface-and-connectivity semiconductor company, revenue and margins are cyclical and sensitive to PC, mobile, and IoT demand. This is a business and valuation consideration rather than a Sharia screen concern.
Filing-Based Ratios (March 28, 2026)
Based on Synaptics' Form 10-Q:
- Debt / Assets: 33.17%
- Cash + interest-bearing securities / Assets: 16.03%
- Receivables + cash / Assets: 22.47%
- Gross interest income / Revenue: Unavailable in the filing
Methodology Interpretation
MSCI known financial ratios pass, Malaysia fails narrowly on its 33% debt limit, and FTSE is incomplete because gross interest income is unavailable. Activity and prohibited-revenue classification remain qualitative; this is not a universal certification.
Bottom Line
Synaptics (SYNA) has a generally permissible semiconductor business, but the current overall result is methodology-dependent: Malaysia fails narrowly on debt/assets while MSCI known ratios pass and FTSE remains incomplete. Investors should apply their chosen methodology and review debt, customer end uses and the unavailable gross interest-income figure.
For Muslim investors seeking semiconductor exposure, SYNA sits alongside other halal-screened names like Skyworks (SWKS) and NVIDIA (NVDA).
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