NASDAQ Shariah screener · October 2026

Is Analog Devices, Inc. (ADI) Halal?

PASS

Analog Devices, Inc. · NASDAQ: ADI · Technology

The short answer

Yes — Analog Devices (ADI) passes this Shariah stock screen. The Massachusetts semiconductor company designs, manufactures and markets analog/mixed-signal integrated circuits, software and subsystems (data converters, amplifiers, power management, RF ICs, edge processors, sensors) across Industrial (45%), Automotive (30%), Consumer (13%) and Communications (13%) end markets — no haram segments and no weapons manufacturing. Total interest-bearing debt of $9,121.6M (Q3 FY2026 10-Q) is about 4.65% of its ~$196.1B market cap (484,565,465 shares × $404.60, October 1, 2026), below the ~33% ceiling, and interest income of $105.3M is about 0.96% of FY2025 revenue ($11,019.7M), below the 5% ceiling. One caveat: ADI's 10-K discloses an aerospace/defense sub-market but gives no revenue breakout, so the defense share cannot be verified from filings. This is a factual screen, not a religious ruling; consult a qualified scholar for personal rulings.

Gate 1 — Business activity: PASS

Analog Devices, Inc. (NASDAQ: ADI), founded 1965 and headquartered in Wilmington, Massachusetts, designs, manufactures, tests and markets integrated circuits, software and subsystems — data converters, amplifiers, power management, RF ICs, edge processors and sensors — for the "Intelligent Edge." FY2025 revenue of $11,019,707k split by end market: Industrial 45%, Automotive 30%, Consumer 13%, Communications 13%. The 10-K's Aerospace/Defense sub-market (within Industrial) sells high-performance ICs for defense, commercial avionics and space — but ADI is a component supplier, not a weapons manufacturer, and the filing gives no revenue breakout for that sub-market, so no defense share can be verified from primary sources. No haram segments; Gate 1 passes. Facts only.

Gate 2 — Debt and cash: PASS

Per ADI's Q3 FY2026 10-Q (filed August 19, 2026; SEC CIK 6281), total interest-bearing debt was $9,121,583k — Debt, current $1,344,855k + Commercial paper notes $1,005,104k + Long-term debt $6,771,624k (finance leases not separately reported, immaterial). Against a market cap of about $196.06B (484,565,465 shares × $404.60, Finnhub live quote October 1, 2026), debt ÷ market cap is about 4.65% — below the ~33% ceiling. Cash and cash equivalents of $2,165,870k plus short-term investments of $159,064k total about $2,324.9M, about 1.19% of market cap. The debt gate passes. Facts only.

Gate 3 — Non-compliant income: PASS

ADI's FY2025 10-K (filed November 25, 2025) reports interest income of $105,266k against FY2025 revenue of $11,019,707k — about 0.96% of revenue, below the 5% non-compliant income ceiling. Interest income is the broadest verifiable interest/investment income line on the income statement; there is no separate investment-income line and "Other, net" was a $7,934k expense. Zoya's ADI page independently reports the same figures (0.96%). The income gate passes. Facts only.

Key figures used

Business: Analog Devices, Inc. (founded 1965, Wilmington MA) — analog/mixed-signal semiconductors: data converters, amplifiers, power management, RF ICs, edge processors, sensors; Nasdaq Global Select, S&P 500
End markets FY2025: Industrial 45%, Automotive 30%, Consumer 13%, Communications 13% (revenue $11,019,707k)
Aerospace/Defense: disclosed sub-market within Industrial; ADI sells components (ICs), not weapons — no revenue breakout given, so no defense share verifiable from filings
Debt: $9,121,583k (Debt current $1,344,855k + Commercial paper $1,005,104k + Long-term debt $6,771,624k, Q3 FY2026 10-Q) — debt ÷ market cap ≈ 4.65% of ~$196.06B (484,565,465 shares × $404.60, Oct 1, 2026), under the ~33% ceiling
Cash: $2,165,870k cash & equivalents + $159,064k short-term investments ≈ $2,324.9M, about 1.19% of market cap
Interest income: $105,266k vs FY2025 revenue $11,019,707k — ≈0.96% of revenue, under the 5% ceiling (broadest verifiable interest/investment income line)
Zoya: inconclusive (contradictory page text); Musaffa: doubtful (Oct 2026; Halal on June 2024 list); ShariaPortfolio: no entry

Frequently asked questions

What does Analog Devices do?

Analog Devices, Inc., founded 1965 and headquartered in Wilmington, Massachusetts, is a global semiconductor company that designs, manufactures, tests and markets integrated circuits (ICs), software and subsystems — data converters, amplifiers, power management, radio frequency (RF) ICs, edge processors and sensors — bridging the physical and digital worlds (the "Intelligent Edge"). Its common stock is listed on the Nasdaq Global Select Market under the symbol ADI and is included in the S&P 500. FY2025 revenue was $11,019,707k, split by end market: Industrial 45%, Automotive 30%, Consumer 13%, Communications 13% (sum 101% due to rounding).

Why does Analog Devices pass this Shariah stock screen?

Yes — ADI passes this screen at all three gates. Gate 1: the business is analog/mixed-signal semiconductors (ICs, software, subsystems); no haram segments and no weapons manufacturing. Gate 2: total interest-bearing debt of $9,121.6M is about 4.65% of its ~$196.1B market cap, below the ~33% ceiling. Gate 3: interest income of $105.3M is about 0.96% of FY2025 revenue of $11,019.7M, below the 5% non-compliant income ceiling. One caveat: ADI's 10-K discloses aerospace/defense as a sub-market within Industrial with no revenue breakout, so the defense share cannot be verified from filings — this is a factual screen, not a religious ruling; consult a qualified scholar for personal rulings.

What is Analog Devices' interest-bearing debt ratio?

Per ADI's Q3 FY2026 10-Q (filed August 19, 2026; SEC CIK 6281), total interest-bearing debt was $9,121,583k — Debt, current $1,344,855k + Commercial paper notes $1,005,104k + Long-term debt $6,771,624k (finance leases are not separately reported and are immaterial). Against a market cap of about $196.06B (484,565,465 shares outstanding × $404.60, Finnhub live quote October 1, 2026), debt ÷ market cap is about 4.65% — below the ~33% ceiling. Cash and cash equivalents of $2,165.9M plus short-term investments of $159.1M total about $2,324.9M, about 1.19% of market cap. The debt gate passes.

What is Analog Devices' non-compliant income ratio?

ADI's FY2025 10-K (filed November 25, 2025) reports interest income of $105,266k against FY2025 revenue of $11,019,707k — about 0.96% of revenue, below the 5% non-compliant income ceiling. Interest income is the broadest verifiable interest/investment income line on the income statement; there is no separate investment-income line and "Other, net" was a $7.9M expense. The income gate passes. Zoya's ADI page independently reports the same figures ($11,019,707,000 revenue; $105,266,000 interest income = 0.96%).

Do Zoya, Musaffa, or ShariaPortfolio cover Analog Devices?

Zoya covers ADI (zoya.finance/stocks/adi) but its public page renders contradictory auto-generated text — simultaneously calling ADI "Shariah-compliant ... considered halal" and "not considered halal" — so no clean Zoya rating is retrievable without the app; honestly reported as inconclusive. Musaffa covers ADI (musaffa.com/stock/ADI/): classified "doubtful" as of October 2026 (its June 2024 academy list had ADI as Halal). ShariaPortfolio: no ADI entry found. This page applies the screen directly from ADI's own SEC filings.

Sources

Screened 2026-10-01 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).