Is Micron Technology Stock Halal?
Micron Technology, Inc. · MU · NASDAQ
All 3 halal screening authorities with a published position rate Micron Technology, Inc. halal.
Micron Technology, Inc. (MU) passes our AAOIFI-based screen. Its core business is permissible, and (data as of 2026-02-26) interest-bearing debt is 0.7% of market cap and cash plus interest-bearing securities 1.4% — 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 2026-02-26 · Screening basis: AAOIFI · Last reviewed 2026-06-15
HalalWallet is not a Shariah authority and does not issue religious rulings. We compile the most complete public record of what Shariah scholars, screening authorities, and mainstream standards say — reproduced from primary sources with dates and citations — and let you decide.
Do the halal screening authorities agree?
- HalalWallet (AAOIFI)· Halal
- Wahed (HLAL ETF)· Halal
- SP Funds (SPUS ETF)· Halal
All 3 halal screening authorities with a published position rate Micron Technology, Inc. halal.
Stances are normalized from each authority's own dated public position. Disagreement usually reflects a methodology or standard difference (ratio timing, market-cap vs total-assets denominator), not an error. For the fund screens (Wahed/HLAL, SP Funds/SPUS), only a confirmed holding that passed the fund's screen counts as a pass — a non-holding is left blank because absence can reflect index scope.
Is Micron Technology Stock Halal?
All 3 halal screening authorities with a published position rate Micron Technology, Inc. halal. Micron Technology, Inc. (MU) passes our AAOIFI-based screen. Its core business is permissible, and (data as of 2026-02-26) interest-bearing debt is 0.7% of market cap and cash plus interest-bearing securities 1.4% — 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.
- Interest-bearing debt / market cap: 0.7% (< 30%) — Pass
- Cash + interest-bearing securities / market cap: 1.4% (< 30%) — Pass
- Impermissible income / total revenue: 1.3% (< 5%) — Pass
- Financial ratios sourced from filings as of 2026-02-26.
How we read the evidence
HalalWallet's editorial synthesis of the screens, scholar positions, and sources documented on this page — not a religious ruling.
Micron is about as uncomplicated as Shariah screening gets at the business-activity level. The company makes memory and storage chips, with fiscal 2025 revenue of $37.38 billion split between DRAM (76%) and NAND (23%), driven by surging AI data-center demand for high-bandwidth memory. Nothing in the product portfolio touches prohibited industries.
The screening question for any capital-intensive chipmaker is financial: debt levels and incidental interest income relative to AAOIFI thresholds. Here the professional evidence is unusually aligned. Micron is held by both SPUS, where it is a top-ten position at 2.78% of the fund as of June 11, 2026, and by HLAL, whose SEC-filed schedule of investments as of February 28, 2026 shows a Micron position. When both major US Shariah ETFs, applying two different index methodologies (S&P Shariah and FTSE Shariah), include the same stock, that is strong corroboration that it passes professional screens as of those dates.
As always, compliance is a snapshot, and memory is a cyclical business whose balance sheet can change across cycles. But as of the most recent verifiable data, Micron screens as halal across the major methodologies, and a Muslim investor's decision can focus on the standard investment questions of cycle timing and valuation rather than compliance.
Business Activity Screen
Micron Technology manufactures memory and storage semiconductors (DRAM, NAND, HBM). Per its fiscal 2025 results (year ended August 28, 2025; 10-K filed October 2025), revenue was a record $37.38 billion, up 49% year over year, with DRAM contributing $28.58 billion (76% of revenue) and NAND $8.50 billion (23%). In Q4 FY2025 Micron reorganized into four business units: Cloud Memory, Core Data Center, Mobile and Client, and Automotive and Embedded.
Memory chip manufacturing is a permissible business with no haram product lines. Micron reports interest income and interest expense within non-operating items, but the specific FY2025 amounts were not verified for this brief (null rather than estimated); screeners evaluate these against the ~5% AAOIFI tolerance alongside debt ratios. Both major US Shariah ETFs currently hold Micron: it appears in the SPUS holdings dated 2026-06-11 (82,106 shares, 2.78% of the fund) and in HLAL's SEC-filed holdings as of 2026-02-28 (30,680 shares).
Financial Ratio Screen
| Screen | Value | AAOIFI limit | Result |
|---|---|---|---|
| Interest-bearing debt / market cap | 0.7% | < 30% | Pass |
| Cash + interest-bearing securities / market cap | 1.4% | < 30% | Pass |
| Impermissible income / total revenueInterest income $496.0M on $37.38B total revenue (Micron Technology, Inc. FY2025 (fiscal year ended 2025-08-28, Form 10-K)) = 1.3% — under AAOIFI's 5% limit. | 1.3% | < 5% | Pass |
Spot market cap at research date (consider trailing average for borderline names). Data as of 2026-02-26 · 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 Micron Technology 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) | 0.7% | 1.4% | < 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. | 0.7% | 1.4% | < 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. | 7.8% | 14.4% | < 33.33% of total assets | Pass |
HalalWallet computation reproducing each standard's threshold and denominator from public filings (balance sheet as of 2026-02-26) — 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.
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.
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The Final Step: Your Scholar Conversation
Major whether Micron Technology, Inc. is halal decisions involve nuances that vary by scholarly opinion and personal circumstance — which is why HalalWallet is built as the research step, not the ruling. We do the homework on comparisons, structures, and oversight; a qualified Islamic scholar, your local imam, or a Shariah-certified financial advisor covers what no comparison site can — guidance specific to your situation. Bring your shortlist to that conversation so it starts at the decision, not the basics.
How to use this comparison: HalalWallet is an independent educational comparison platform — by design, we do not provide financial, legal, or religious advice. We do the research homework so your final checks are quick and personal.
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- Confirm current terms and halal compliance directly with the provider — their quote is final.
- Review the contract structure (Murabaha, Ijara, Musharakah, etc.) and any disclosed Shariah board opinions.
- Bring your shortlist to a qualified Islamic finance advisor or scholar, so the conversation is about your situation, not the basics.
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: 2026-07-01
- MU latest quarterly filing (balance sheet 2026-02-26)
- AAOIFI Shariah Standards
- Micron FY2025 Q4 earnings press release (company IR)
- Micron SEC filings (EDGAR company page)
- SPUS holdings (SP Funds)
- HLAL Schedule of Investments 2026-02-28 (SEC EDGAR)
- HalalWallet Methodology
- Editorial Policy
- Markdown mirror (AI systems, CC BY 4.0)
- Halal verdict corpus (JSON)
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