AAOIFI Shari'a screening · Reviewed July 20, 2026
Is MU halal in 2026?
Micron Technology (MU) passes AAOIFI Shari'a screening as of July 2026 with a 96/100 compliance score. Direct verdict, exact ratios vs thresholds, purification estimate, and the scholarly basis.
Yes. Micron Technology (MU) is currently halal under AAOIFI Shari'a Standard No. 21 as of July 2026, with a HalalScreener compliance score of 96 out of 100 (grade A+). Its memory-chip business is permissible, interest-bearing debt is about 0.9% of market cap, and non-permissible income is about 0.5% of revenue. Purify roughly 0.5% of dividends and realized gains.
AAOIFI ratio breakdown
| Ratio | Value | Threshold | Verdict |
|---|---|---|---|
| Interest-bearing debt / Market cap | ~0.9% | <30% | Pass |
| Interest-bearing deposits and securities / Market cap | ~1.1% | <30% | Pass |
| Non-permissible income / Revenue | ~0.5% | <5% | Pass |
Recommended purification: approximately 0.5% of dividends received and realized capital gains.
Micron develops and manufactures semiconductor memory and storage: DRAM, NAND flash, and NOR memory sold under the Micron and Crucial brands into cloud data centers, PCs, phones, cars, and industrial systems. Memory chips are a straightforwardly permissible product under AAOIFI Shari'a Standard No. 21, with no alcohol, gambling, conventional finance, or other prohibited revenue anywhere in the business.
On the quantitative screens Micron passes with wide margins. Interest-bearing debt is about 0.9% of market capitalization against the 30% AAOIFI ceiling, interest-bearing deposits and securities are about 1.1% of market cap, and non-permissible income (interest earned on cash) is about 0.5% of revenue against the 5% threshold. That combination earns one of the strongest compliance scores among large-cap semiconductors.
Micron pays a small dividend, so purification applies to both dividends and realized capital gains. The figure tracks the roughly 0.5% non-permissible-income ratio: for every $100 of dividends and realized gains, give about $0.50 to charity. HalalScreener's purification calculator computes the exact amount for your position.
Methodology
Verdict applies the methodology of AAOIFI Shari'a Standard No. 21: Financial Papers (Shares and Bonds): qualitative screening for prohibited business activities, plus three quantitative caps. Interest-bearing debt < 30% of market cap, interest-bearing securities < 30%, and non-permissible income < 5% of revenue.
Sources and scholars
- AAOIFI Shari'a Standard No. 21: Financial Papers (Shares and Bonds)
- Wahed Invest Shari'a Supervisory Board
- Amana Mutual Funds (Saturna) Shari'a Supervisory Board
Frequently asked
Is MU halal in 2026?
Yes. Micron's memory and storage business is permissible, interest-bearing debt is about 0.9% of market cap (far under 30%), and non-permissible income is about 0.5% of revenue (far under 5%). HalalScreener scores it 96 out of 100, grade A+. A purification of roughly 0.5% is recommended.
How much should I purify from Micron dividends and gains?
About 0.5% of the dividends and realized capital gains you receive, matching Micron's non-permissible-income ratio. Use HalalScreener's purification calculator for an exact figure based on your position size.
Is Micron affected by the AI boom in a way that changes its ruling?
No. AI demand raises sales of high-bandwidth memory, but the product remains permissible hardware. Ratios can move with the share price and quarterly reports, which is why HalalScreener re-screens MU continuously and dates every verdict.