What is Allegro MicroSystems, Inc.'s Shariah compliance score?

Allegro MicroSystems, Inc. (ALGM) has a Shariah compliance score of 94/100 (Grade: A+, Excellent). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does Allegro MicroSystems, Inc. pass AAOIFI screening?

Allegro MicroSystems, Inc. (ALGM) passes AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. ALGM's debt-to-market-cap is 4.6%.

How much purification is needed for Allegro MicroSystems, Inc.?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the percentage and amount for Allegro MicroSystems, Inc. (ALGM) using the latest financial data.

Where can I screen Allegro MicroSystems, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Allegro MicroSystems, Inc. (ALGM) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

ALGMHalalA+

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Compliance Status

Halal

Screened on Oct 13, 2026 · AAOIFI Standard 21

A+

Excellent

94Score

Is Allegro MicroSystems, Inc. (ALGM) halal? Halal. Based on AAOIFI screening, Allegro MicroSystems, Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 94/100 (Grade: A+).

Quote this verdict

HalalScreener rates Allegro MicroSystems, Inc. (ALGM) Halal, 94/100, grade A+ under AAOIFI Standard 21, screened Oct 13, 2026. Source: https://halalscreener.app/en/stock/ALGM

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

4.6% of 30.0% limit

PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

What this means for you

You can own ALGM

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

Purification amount is Pro

We have screened ALGM's prohibited income, but the exact share you would need to purify is part of Pro.

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ALGM: Is Allegro MicroSystems, Inc. Halal?

Allegro MicroSystems, Inc.

NASDAQTechnologyUS

$31.62

Market Cap: 5.9B

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About Allegro MicroSystems, Inc.

Allegro MicroSystems, Inc. focuses on the creation, production, and worldwide distribution of sophisticated integrated circuits (ICs). Their primary offerings consist of sensor ICs and custom-designed analog power ICs, developed mainly for motion control and energy-saving applications. The company's product line includes magnetic sensor ICs, which are crucial for measuring position, speed, and current. They also supply various power management ICs, such as motor drivers, voltage regulators, and LED drivers. Furthermore, Allegro provides photonic and 3D sensing components, encompassing photodiodes, eye-safe laser solutions, and readout ICs essential for LiDAR systems. Allegro primarily sells its components to original equipment manufacturers (OEMs) and suppliers, with a strong emphasis on the automotive and industrial industries. Their distribution network is multifaceted, utilizing a direct sales team, independent sales representatives, third-party distributors, and consignment models. With operations spanning across the globe, the company has a presence in the United States, the broader Americas, Europe, Japan, Greater China, South Korea, and various other markets in Asia. Allegro MicroSystems was established in 1990, maintains its headquarters in Manchester, New Hampshire, and operates as a subsidiary of Sanken Electric Co., Ltd.

Sector: Technology · Industry: Semiconductors

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 13, 2026

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Screened according to AAOIFI Standard 21

Compliance History

Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: Q1 2027Data source: EDGAR

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Frequently Asked Questions

Is Allegro MicroSystems, Inc. (ALGM) halal to invest in?

Based on AAOIFI Standard 21 screening, Allegro MicroSystems, Inc. (ALGM) is rated Halal with a compliance grade of A+ (Excellent). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).

Why did Allegro MicroSystems, Inc. get a A+ compliance rating?

Allegro MicroSystems, Inc. (ALGM) received a grade of A+ (Excellent) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 4.6% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Allegro MicroSystems, Inc.'s Shariah verdict?

Allegro MicroSystems, Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is Allegro MicroSystems, Inc. re-screened for Shariah compliance?

Allegro MicroSystems, Inc. (ALGM) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Oct 13, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.