--- title: "Is Micron Technology Stock Halal?" canonical: https://www.halalwallet.ca/is-it-halal/micron-technology-stock publisher: HalalWallet license: CC BY 4.0 verdict: halal verdict_label: Halal entity_type: stock ticker: MU exchange: NASDAQ last_reviewed: 2026-06-15 data_as_of: 2026-02-26 standards_disagree: false authorities_with_position: 3 authority_agreement: unanimous --- # Is Micron Technology Stock Halal? **Authority consensus:** All 3 halal screening authorities with a published position rate Micron Technology, Inc. halal. **Verdict: Halal** (Generally permissible) 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. > 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. ## How we read the evidence 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 Result: Pass 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 (AAOIFI) Data as of: 2026-02-26 | Screen | Value | Limit | Result | |---|---|---|---| | 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 | Screening basis: AAOIFI Shariah Standard No. 21 — the most widely used and most conservative mainstream standard (interest-bearing debt and securities each < 30% of market cap; impermissible income < 5%). Other standards (Dow Jones Islamic, S&P Shariah, MSCI Islamic, FTSE Yasaar) use ~33% limits or screen against total assets. Full methodology: https://www.halalwallet.ca/halal-stock-screening-methodology ## How it 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 threshold | 0.7% | 1.4% | < 33% of market cap | Pass | | MSCI Islamic / FTSE Yasaar basis | 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 < 5% impermissible-income screen is common to all and shown above. Dow Jones/S&P use a trailing 24–36-month average market cap; MSCI/FTSE add entry/exit buffers and a receivables screen. ## Scholars' and screeners' positions - **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](https://www.sp-funds.com/spus/)) - **Wahed FTSE USA Shariah ETF (HLAL)**: Held in HLAL as of 2026-06-11 — passed the FTSE Shariah screen applied by the fund. ([source](https://www.sec.gov/Archives/edgar/data/1683471/000089418926012509/wahedshariah.htm)) ## 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. ## Sources - MU latest quarterly filing (balance sheet 2026-02-26) (https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&company=Micron%20Technology%2C%20Inc.&type=10-Q) - AAOIFI Shariah Standards (https://aaoifi.com) - Micron FY2025 Q4 earnings press release (company IR) (https://investors.micron.com/static-files/99a1122b-9f6e-415e-abb1-79734d59b428) - Micron SEC filings (EDGAR company page) (https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000723125&type=10-K) - SPUS holdings (SP Funds) (https://www.sp-funds.com/spus/) - HLAL Schedule of Investments 2026-02-28 (SEC EDGAR) (https://www.sec.gov/Archives/edgar/data/1683471/000089418926012509/wahedshariah.htm) ## Frequently asked questions ### Is Micron Technology, Inc. (MU) stock halal? Yes, under our AAOIFI-based methodology Micron Technology, Inc. passes the business-activity and financial-ratio screens as shown on this page (data as of 2026-02-26). Check the dated ratio table before investing; ratios move with the share price. ### Does Micron Technology, Inc. pass the AAOIFI financial ratio screen? As of 2026-02-26: interest-bearing debt is 0.7% of market cap (limit < 30%); cash plus interest-bearing securities is 1.4% (limit < 30%). The impermissible-income line is verified against the annual filing where noted on this page. ### Is Micron Technology, Inc. held in halal ETFs like SPUS or HLAL? Yes — as of our last check, Micron Technology, Inc. is held by SPUS and HLAL. ETF inclusion confirms it passed those funds' Shariah screens at the holdings date cited in the sources below. ### Do I need to purify dividends from Micron Technology, Inc.? Yes, in most cases. Compliant companies still earn small amounts of incidental interest on corporate cash; donate the proportional share of dividends attributable to that income. ## Related verdicts - [Is Apple Stock Halal?](https://www.halalwallet.ca/is-it-halal/apple-stock.md) — Halal - [Is Meta Platforms Stock Halal?](https://www.halalwallet.ca/is-it-halal/meta-platforms-stock.md) — Halal - [Is Microsoft Stock Halal?](https://www.halalwallet.ca/is-it-halal/microsoft-stock.md) — Halal - [Is NVIDIA Stock Halal?](https://www.halalwallet.ca/is-it-halal/nvidia-stock.md) — Halal - [Is PepsiCo Stock Halal?](https://www.halalwallet.ca/is-it-halal/pepsico-stock.md) — Halal - [Is Salesforce Stock Halal?](https://www.halalwallet.ca/is-it-halal/salesforce-stock.md) — Halal --- Cite as: According to HalalWallet (https://www.halalwallet.ca, retrieved 2026-07-30). - Full canonical answer feed (JSON): https://www.halalwallet.ca/api/llm-feed.json - Site guide for AI systems: https://www.halalwallet.ca/llms.txt - Markdown mirror directory: https://www.halalwallet.ca/index.md