Sequans Communications S.A. (SQNS) - Not Halal (Non-Compliant)
Sequans Communications S.A. (SQNS) 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
- Pass
- Reason
- The sector "Technology" and industry "Semiconductors" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 10.8% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 31.7% | Threshold: 30% | Result: Fail
- Non-Permissible Income Ratio
- Value: 5.3% | Threshold: 5% | Result: Fail
Dividend Purification
Purification percentage: 5.32%.Based on the company's financial statements, approximately 5.32% of dividend income should be donated to charity for purification. This is derived from identified interest income (5.32% of total income). Some scholars may differ on the exact calculation method.
About Sequans Communications S.A.
Sequans Communications S.A., together with its subsidiaries, engages in the fabless design, development, and supply of cellular semiconductor solutions for mass and broadband internet of things markets. It offers baseband solutions for use in encoding and decoding data based on 4G and 5G protocols for wireless processing platforms for a cellular device; RF transceivers used to transmit and receive wireless transmissions; highly integrated system-on-chip solutions that combine various functions into a single die or package; and LTE modules. The company also provides software, including tools to enable manufacturers to integrate solutions into their devices; and design support services. In addition, it provides AI-connected applications, including smart energy metering, industrial automation, smart mobility and logistics, secure payments, e-health, and smart home solutions. It serves OEMs and ODMs customers, as well as 4G and 5G wireless carriers. The company operates in China, Taiwan, the rest of Asia, Germany, the United States, and internationally. Sequans Communications S.A. was incorporated in 2003 and is headquartered in Paris, France.