Veeco Instruments Inc. (VECO) - Halal (Shariah-Compliant)
Veeco Instruments Inc. (VECO) 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
- Semiconductor Equipment & Materials
- Result
- Pass
- Reason
- The sector "Technology" and industry "Semiconductor Equipment & Materials" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 15.0% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 22.0% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 2.0% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 2.03%.Based on the company's financial statements, approximately 2.03% of dividend income should be donated to charity for purification. This is derived from identified interest income (2.03% of total income). Some scholars may differ on the exact calculation method.
About Veeco Instruments Inc.
Veeco Instruments Inc., together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices in the United States, Europe, the Middle East, and Africa, China, Rest of the Asia-Pacific, and internationally. It offers laser annealing, ion beam deposition and etch, metal organic chemical vapor deposition, single wafer wet processing and surface preparation, molecular beam epitaxy, advanced packaging lithography, atomic layer deposition, and other deposition systems. The company's process equipment systems are used in the production of a range of microelectronic components, including logic, dynamic random-access memory, photonics devices, power electronics, radio frequency filters and amplifiers, magnetic heads for hard disk drives, and other semiconductor devices. In addition, it markets and sells its products to integrated device manufacturers and foundries; outsourced semiconductor assembly and test companies; and hard disk drive and photonics manufacturers, as well as research centers and universities. Veeco Instruments Inc. was founded in 1945 and is headquartered in Plainview, New York.