Is Advanced Micro Devices Stock Halal?
Advanced Micro Devices, Inc. · AMD · NASDAQ
Advanced Micro Devices, Inc. (AMD) passes our AAOIFI-based screen. Its core business is permissible, and (data as of 2026-03-28) interest-bearing debt is 0.5% of market cap and cash plus interest-bearing securities 1.6% — both inside the 30% AAOIFI thresholds. It is independently held by Shariah-screened ETFs SPUS and HLAL, confirming it passes professional screens. Ratios move with the share price, so check the data-as-of date; any incidental interest income should be purified.
Financial data as of 2026-03-28 · Screening basis: AAOIFI · Last reviewed 2026-06-15
Our Analysis
AMD is a semiconductor designer competing with Intel in CPUs and NVIDIA in GPUs, with reportable segments spanning Data Center, Client, Gaming and Embedded. As a business-screen matter AMD is straightforward: it designs and sells chips. The only segment that draws Shariah discussion is Gaming, which includes Radeon graphics cards and the semi-custom processors inside Sony and Microsoft game consoles. Because AMD sells hardware components rather than publishing game content, mainstream screening methodologies treat this as permissible manufacturing revenue; a minority of stricter views discount gaming-linked hardware, which is worth knowing if you follow a particularly conservative scholar.
As of June 11, 2026, the documented signals are uniformly positive: AMD is held by both SPUS (S&P Shariah screen) and HLAL (FTSE Shariah screen), and both Zoya and Musaffa publicly rate it compliant/halal under AAOIFI-based methodologies. Passing all four independent screens simultaneously is the strongest available third-party indication of current compliance.
Financially, AMD carries low debt relative to its market value (its balance sheet carries significant goodwill and intangibles from the Xilinx acquisition rather than heavy borrowings) and earns some interest income on its cash, which compliant investors would purify in a small proportion. The practical posture for a Muslim investor is to verify status at each quarterly screening refresh, as with any stock, but AMD currently presents one of the less complicated compliance profiles among large-cap semiconductors.
Business Activity Screen
Advanced Micro Devices designs high-performance CPUs, GPUs and adaptive SoCs. Its 10-K reports four segments: Data Center (EPYC server CPUs and Instinct AI accelerators), Client (Ryzen PC processors), Gaming (Radeon GPUs and semi-custom SoCs for game consoles), and Embedded (largely products from the Xilinx acquisition).
AMD's revenue is hardware design and sales, broadly permissible. The Gaming segment - Radeon graphics cards and semi-custom chips that power PlayStation and Xbox consoles - is the line some stricter screeners examine, but it is disclosed as hardware sales, not game content publishing, and most methodologies treat it as permissible. AMD earns interest income on cash and investments (incidental). No advertising, lending, insurance or entertainment-content revenue lines exist in AMD's filings.
Financial Ratio Screen
| Screen | Value | AAOIFI limit | Result |
|---|---|---|---|
| Interest-bearing debt / market cap | 0.5% | < 30% | Pass |
| Cash + interest-bearing securities / market cap | 1.6% | < 30% | Pass |
| Impermissible income / total revenueInterest income $215.0M on $34.64B total revenue (Advanced Micro Devices, Inc. FY2025 (fiscal year ended 2025-12-27, Form 10-K)) = 0.6% — under AAOIFI's 5% limit. | 0.6% | < 5% | Pass |
Spot market cap at research date (consider trailing average for borderline names). Data as of 2026-03-28 · thresholds per AAOIFI Shariah standards.
This verdict uses the AAOIFI standard — the most widely used and, at a 30% debt limit, the most conservative mainstream Shariah standard. Interest-bearing debt and interest-bearing securities each stay under 30% of market cap, and impermissible income under 5% of revenue. Other standards (Dow Jones Islamic, S&P Shariah, MSCI Islamic, FTSE Yasaar) use ~33% limits or screen against total assets, so a borderline company can be rated differently by each. How we screen & why screeners disagree →
How Advanced Micro Devices screens across Shariah standards
All three mainstream bases below reach the same conclusion for this company.
| Standard | Debt | Cash & interest securities | Limit / basis | Result |
|---|---|---|---|---|
| AAOIFI (our standard) | 0.5% | 1.6% | < 30% of market cap | Pass |
| Dow Jones Islamic / S&P Shariah thresholdDow Jones and S&P apply this limit against a trailing 24–36-month average market cap; shown here on the same point-in-time market cap for comparison. | 0.5% | 1.6% | < 33% of market cap | Pass |
| MSCI Islamic / FTSE Yasaar basisTotal-assets denominator. MSCI/FTSE also apply entry/exit buffers and a receivables screen we do not reproduce. | 4.0% | 15.5% | < 33.33% of total assets | Pass |
HalalWallet computation reproducing each standard's threshold and denominator from public filings (balance sheet as of 2026-03-28) — not the providers' licensed index determinations, which can differ. Debt is interest-bearing borrowings (operating leases excluded). The impermissible-income screen (< 5% of revenue) is common to all of these standards and is shown in the ratio table above. Dow Jones and S&P apply their limit against a trailing 24–36-month average market cap; MSCI and FTSE add entry/exit buffers and a receivables screen. Full methodology →
Scholars' & Screeners' Positions
Published positions, cited as stated. Screeners can reach different conclusions on the same company because of ratio timing and methodology differences — we report the disagreement rather than flatten it.
SP Funds S&P 500 Sharia ETF (SPUS)
Held in SPUS as of 2026-06-11 — passed the S&P Shariah screen applied by the fund.
Source →Wahed FTSE USA Shariah ETF (HLAL)
Held in HLAL as of 2026-06-11 — passed the FTSE Shariah screen applied by the fund.
Source →Zoya
Zoya's public stock page rates AMD Shariah-compliant under its AAOIFI-based screen (checked 2026-06-11).
Source →Musaffa
Musaffa's public stock page classifies AMD as HALAL under its AAOIFI-based methodology, as of May 2026.
Source →
Purification
Even Shariah-compliant companies typically earn a small amount of incidental interest on corporate cash. The standard practice is to purify: donate the proportion of your dividends (and, per some scholars, capital gains) attributable to impermissible income. Our purification calculator automates the math from your holding and the company's disclosed figures.
Purification calculatorKeep your portfolio halal
A pass today isn't a pass forever — ratios drift across thresholds between filings. A halal screener monitors holdings continuously.
Related guides
Consider Consulting an Islamic Scholar
Major whether Advanced Micro Devices, Inc. is halal decisions often involve nuances that vary by scholarly opinion and personal circumstance. While HalalWallet provides educational comparisons and tools, we are not scholars or financial advisors. For personal guidance on Shariah compliance, consider speaking with a qualified Islamic scholar, your local imam, or a Shariah-certified financial advisor familiar with your situation.
Important: HalalWallet is an educational comparison platform. We do not provide financial, legal, or religious advice.
Product structures and Shariah-compliance oversight vary by provider. Before applying:
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- Review the contract structure (Murabaha, Ijara, Musharakah, etc.) and any disclosed Shariah board opinions.
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Frequently Asked Questions
Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-06-01
- AMD latest quarterly filing (balance sheet 2026-03-28)
- AAOIFI Shariah Standards
- AMD 10-K filings - SEC EDGAR (CIK 0000002488)
- SPUS holdings (sp-funds.com, table dated 06/11/2026)
- HLAL fund page with official Holdings link (funds.wahedinvest.com)
- Zoya public compliance page for AMD
- Musaffa public compliance page for AMD
- HalalWallet Methodology
- Editorial Policy
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Editorial Team, HalalWallet
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