GSI Technology, Inc. (GSIT) - Not Halal (Non-Compliant)
GSI Technology, Inc. (GSIT) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- Technology
- Industry
- Semiconductors
- Result
- Doubtful
- Reason
- This company requires further review: description mentions: military. The sector "Technology" is not categorically excluded, but deeper analysis is recommended.
Financial Ratios
- Debt Ratio
- Value: 4.1% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 39.0% | Threshold: 30% | Result: Fail
- Non-Permissible Income Ratio
- Value: 3.3% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 3.27%.Based on the company's financial statements, approximately 3.27% of dividend income should be donated to charity for purification. This is derived from identified interest income (3.27% of total income). Some scholars may differ on the exact calculation method.
About GSI Technology, Inc.
GSI Technology, Inc. designs, develops, and markets semiconductor memory solutions for networking, industrial, test equipment, medical, aerospace, and military customers in the United States, China, Singapore, Germany, the Netherlands, and internationally. It offers associative processing unit products, which focus on applications using similarity search in visual search queries for e-commerce, computer vision, drug discovery, cybersecurity, and service markets. The company also provides static random-access memory (SRAM) products, including SyncBurst, NBT, SigmaQuad, and SigmaDDR. In addition, it offers radiation-hardened and radiation-tolerant SRAMs for networking and telecommunications, test and measurement, military/defense and aerospace applications, such as networking satellites and missiles. The company's products are used as components by the original equipment manufacturer customers, including KYEC, Cadence Design Systems, and Nokia for including radar and guidance systems and satellites; test and measurement applications; automotive applications comprising smart cruise control; medical applications, such as ultrasound and CAT scan equipment; and audio/video processing. The company markets its products through a network of independent sales representatives and distributors. GSI Technology, Inc. was incorporated in 1995 and is headquartered in Sunnyvale, California.