Is Super Micro Computer Stock Halal?
Super Micro Computer, Inc. · SMCI · NASDAQ
Halal screening authorities disagree on Super Micro Computer, Inc.: not halal (HalalWallet (AAOIFI)); halal (Wahed (HLAL ETF), SP Funds (SPUS ETF)).
Super Micro Computer, Inc. (SMCI) does not pass Shariah screening: interest-bearing debt / market cap is 36.9% against the < 30% limit (data as of 2026-03-31). It is independently held by Shariah-screened ETFs SPUS and HLAL, confirming it passes professional screens. Screened alternatives exist in the same sector — see the halal stock screeners and ETF guides below.
Financial data as of 2026-03-31 · 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)· Not halal
- Wahed (HLAL ETF)· Halal
- SP Funds (SPUS ETF)· Halal
Halal screening authorities disagree on Super Micro Computer, Inc.: not halal (HalalWallet (AAOIFI)); halal (Wahed (HLAL ETF), SP Funds (SPUS ETF)).
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 Super Micro Computer Stock Halal?
Halal screening authorities disagree on Super Micro Computer, Inc.: not halal (HalalWallet (AAOIFI)); halal (Wahed (HLAL ETF), SP Funds (SPUS ETF)). Super Micro Computer, Inc. (SMCI) does not pass Shariah screening: interest-bearing debt / market cap is 36.9% against the < 30% limit (data as of 2026-03-31). It is independently held by Shariah-screened ETFs SPUS and HLAL, confirming it passes professional screens. Screened alternatives exist in the same sector — see the halal stock screeners and ETF guides below.
- Interest-bearing debt / market cap: 36.9% (< 30%) — Fail
- Cash + interest-bearing securities / market cap: 7.0% (< 30%) — Pass
- Impermissible income / total revenue: 0.0% (< 5%) — Pass
- Mainstream Shariah standards disagree on this company — see the cross-standard table below.
- Financial ratios sourced from filings as of 2026-03-31.
How we read the evidence
HalalWallet's editorial synthesis of the screens, scholar positions, and sources documented on this page — not a religious ruling.
Super Micro's core business is permissible on its face: it designs and assembles servers, storage systems, and the GPU-dense platforms that power AI data centers. With FY2025 net sales of $21,972 million driven by the AI infrastructure boom, there is no prohibited product category and no interest-based lending arm, so Shariah analysis comes down to the balance sheet.
The item to watch is debt. At June 30, 2025 the company carried about $4,645 million of convertible notes (plus smaller term loans and credit lines), which are interest-bearing instruments that count toward the debt-ratio tests Shariah screens apply, partly offset by a sizable $5,170 million cash balance. Whether the company passes a leverage screen depends on how that debt is measured against assets or market value at a given date. There is also a non-Shariah caveat worth flagging for investors: Super Micro went through auditor turnover and delayed filings in 2024-2025, which is an accounting-quality and governance concern rather than a permissibility question, but it affects the reliability of the very numbers a screener relies on.
On the professional evidence, Super Micro currently passes: it is held by both major US Shariah ETFs, appearing in SPUS (about 0.04% of the fund as of June 11, 2026) and in HLAL's SEC-filed schedule of investments (as of February 28, 2026). Inclusion in both funds, under two different index methodologies, is meaningful corroboration as of those dates. Given the volatility of this stock and its debt, a Muslim investor should still confirm the live status in a screener before buying.
Business Activity Screen
Super Micro Computer, Inc. designs and manufactures high-performance servers, storage systems, and data-center infrastructure, including GPU/AI server platforms. Per its FY2025 10-K (fiscal year ended June 30, 2025), net sales were $21,972 million (cost of sales $19,542 million). The company held $5,170 million of cash and cash equivalents at year-end.
Super Micro's business, designing and building servers, storage, and AI/data-center hardware, is a permissible activity with no haram product lines and no interest-based lending operation. The principal financial-ratio item is the balance sheet: at June 30, 2025 the company had $4,645 million of convertible notes outstanding (plus small term loans and lines of credit), interest-bearing debt that screeners weigh against debt thresholds, partly offset by a large $5,170 million cash position. No material recurring financing/interest income line was separately verified for this brief (null). Separately (not a Shariah-screen factor per se but relevant context), Super Micro experienced auditor turnover and delayed SEC filings in 2024-2025; that is a governance/accounting-quality issue rather than an impermissible-activity issue.
Financial Ratio Screen
| Screen | Value | AAOIFI limit | Result |
|---|---|---|---|
| Interest-bearing debt / market cap | 36.9% | < 30% | Fail |
| Cash + interest-bearing securities / market cap | 7.0% | < 30% | Pass |
| Impermissible income / total revenueInterest income not separately material in the annual filing (Super Micro Computer, Inc. FY2025 (fiscal year ended 2025-06-30, Form 10-K)); immaterial vs total revenue — well under 5%. | 0.0% | < 5% | Pass |
Spot market cap at research date (consider trailing average for borderline names). Data as of 2026-03-31 · 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 Super Micro Computer screens across Shariah standards
The standards disagree on this company. It passes some Shariah screens and fails others — which is exactly why you may see a different answer in different apps. Our headline verdict uses AAOIFI, the strictest and most widely cited mainstream standard.
| Standard | Debt | Cash & interest securities | Limit / basis | Result |
|---|---|---|---|---|
| AAOIFI (our standard) | 36.9% | 7.0% | < 30% of market cap | Fail |
| 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. | 36.9% | 7.0% | < 33% of market cap | Fail |
| MSCI Islamic / FTSE Yasaar basisTotal-assets denominator. MSCI/FTSE also apply entry/exit buffers and a receivables screen we do not reproduce. | 28.8% | 5.5% | < 33.33% of total assets | Pass |
HalalWallet computation reproducing each standard's threshold and denominator from public filings (balance sheet as of 2026-03-31) — 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 →
Other stocks where Shariah screeners disagree
These companies pass under some mainstream standards and fail under others — the same pattern as this verdict. That is why two apps can show different answers.
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AirbnbABNB
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AmgenAMGN
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APAAPA
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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.
What to do instead
You don't have to choose between investing and your values — screened alternatives exist for nearly every position.
Related guides
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The Final Step: Your Scholar Conversation
Major whether Super Micro Computer, 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.
Product structures and Shariah oversight vary by provider, so finish with three built-in steps:
- 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
- SMCI latest quarterly filing (balance sheet 2026-03-31)
- AAOIFI Shariah Standards
- Super Micro FY2025 10-K statements of operations (net sales) (SEC EDGAR XBRL)
- Super Micro FY2025 10-K consolidated balance sheets (cash, convertible notes) (SEC EDGAR XBRL)
- Super Micro FY2025 10-K (SEC EDGAR primary document)
- SPUS holdings (SP Funds)
- HLAL Schedule of Investments 2026-02-28 (SEC EDGAR)
- HalalWallet Methodology
- Editorial Policy
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- Halal verdict corpus (JSON)
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