What is Silicon Motion Technology Corporation's Shariah compliance score?

Silicon Motion Technology Corporation (SIMO) has a Shariah compliance score of 93/100 (Grade: A+, Excellent) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Silicon Motion Technology Corporation pass AAOIFI screening?

Silicon Motion Technology Corporation (SIMO) passes AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (SIMO: 0.0%), (3) interest-bearing deposits below 30% (SIMO: 2.1%), and (4) prohibited income below 5% (SIMO: 1.1%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Silicon Motion Technology Corporation stock?

Silicon Motion Technology Corporation (SIMO) has a non-permissible income ratio of 1.09%. Muslim investors should purify this percentage of any dividends received and capital gains realized from SIMO shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Silicon Motion Technology Corporation for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Silicon Motion Technology Corporation (SIMO) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about SIMO's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

SIMO: Is Silicon Motion Technology Corporation Halal?

Silicon Motion Technology Corporation

NASDAQTechnologyHK

$293.40

-4.87%

Market Cap: 9.8B

Compliance Status

Halal

Screened on Jul 16, 2026 · AAOIFI Standard 21

A+

Excellent

93Score

Is Silicon Motion Technology Corporation (SIMO) halal? Halal. Based on AAOIFI screening, Silicon Motion Technology Corporation passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 93/100 (Grade: A+).

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%.

0.0% of 30.0% limit

What this means for you

You can own SIMO

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

Purify 1.1% of your income from SIMO

That is about $1.10 of every $100 you earn from it. Donate this share to charity.

Calculate my exact amount

About Silicon Motion Technology Corporation

Silicon Motion Technology Corporation (SIMO) is a prominent company specializing in the design, development, and distribution of NAND flash controllers, which are essential components for a wide array of solid-state storage devices. Their product range supports diverse applications, including controllers for computing-grade Solid-State Drives (SSDs) found in personal computers and other client devices. They also provide solutions for enterprise-grade SSDs crucial for data centers, as well as embedded storage such as eMMC and UFS used in smartphones and IoT (Internet of Things) devices. Furthermore, their technology extends to flash memory cards and flash drives for expandable storage, and specialized SSDs designed for industrial, commercial, and automotive applications. The company brands its controller offerings under SMI. Its enterprise-level SSDs are available under the Shannon Systems name, while its integrated industrial-grade SSDs are marketed as Ferri SSD, Ferri-eMMC, and Ferri-UFS. Silicon Motion's sales strategy involves both direct sales teams and a network of independent electronics distributors, serving a customer base that includes major NAND flash manufacturers, module makers, hyperscale cloud providers, and Original Equipment Manufacturers (OEMs). Founded in 1995 and headquartered in Hong Kong, the company boasts a global operational presence, including locations in Taiwan, the United States, South Korea, China, Malaysia, Singapore, and other international markets.

Sector: Technology · Industry: Semiconductors

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 16, 2026

Compliance History

Halal, unchanged since Jun 2026.

No status changes recorded since we began tracking.

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

Fiscal: FY 2025Data source: FMP

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Frequently Asked Questions

Is Silicon Motion Technology Corporation (SIMO) halal to invest in?

Based on AAOIFI Standard 21 screening, Silicon Motion Technology Corporation (SIMO) 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 Silicon Motion Technology Corporation get a A+ compliance rating?

Silicon Motion Technology Corporation (SIMO) received a grade of A+ (Excellent) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.0% (limit 30%); interest-bearing deposits of 2.1% (limit 30%); prohibited income of 1.09% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Silicon Motion Technology Corporation's Shariah verdict?

Silicon Motion Technology Corporation'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 Silicon Motion Technology Corporation re-screened for Shariah compliance?

Silicon Motion Technology Corporation (SIMO) 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: Jul 16, 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.