Micron Technology, Inc. (MU) - Halal (Shariah-Compliant)
Micron Technology, Inc. (MU) is classified as Halal (Shariah-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
- Pass
- Reason
- The sector "Technology" and industry "Semiconductors" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 0.6% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 2.8% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 1.3% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 1.33%.Based on the company's financial statements, approximately 1.33% of dividend income should be donated to charity for purification. This is derived from identified interest income (1.33% of total income). Some scholars may differ on the exact calculation method.
About Micron Technology, Inc.
Micron Technology, Inc. engages in the provision of semiconductor memory and storage products in the United States, Taiwan, Mainland China, other Asia Pacific countries, Japan, Europe, and internationally. It operates through Cloud Memory Business Unit, Core Data Center Business Unit, Mobile and Client Business Unit, and Automotive and Embedded Business Unit segments. The company provides dynamic random access memory (DRAM) products, including High-Bandwidth Memory, doublie data rate, low-power DRAM, and graphics DRAM products; NAND products comprising solid state drives, managed NAND, and multi-chip packages; and NOR products. The company sells its products under the Micron brand name and private labels through its own direct sales force, sales or representative offices, as well as through distributors, retailers, and independent sales representatives. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.
Frequently Asked Questions
Is Micron Technology, Inc. (MU) stock halal to invest in?
According to AAOIFI Shariah screening standards, Micron Technology, Inc. (MU) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.