Canadian Halal Investor.

NASDAQ Shariah screener · October 2026

Is ASML Holding N.V. (ASML) Halal?

PASS

ASML Holding N.V. · NASDAQ: ASML · Technology

The short answer

Yes - ASML Holding N.V. (ASML) passes this Shariah stock screen at all three gates. ASML, the Dutch semiconductor-equipment maker based in Veldhoven, is the sole global supplier of extreme ultraviolet (EUV) lithography systems (plus DUV systems, metrology, software, and services) - none of which involve alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance. The financial ratios pass comfortably: total interest-bearing debt of EUR 4.39B is about 0.7% of its ~$697B market cap ($1,808.49/share, October 2, 2026), below the ~33% ceiling, and interest income of EUR 223.0M is about 0.68% of FY2025 net sales (EUR 32,667.3M), below the 5% ceiling. Zoya and Musaffa independently rate ASML Shariah-compliant / halal. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

Gate 1 — Business activity: PASS

ASML Holding N.V. (NASDAQ: ASML), headquartered in Veldhoven, the Netherlands, is the world's leading supplier of lithography equipment for semiconductor manufacturing. Per its FY2025 Form 20-F (filed February 25, 2026; SEC file 001-33463), ASML is the sole global supplier of extreme ultraviolet (EUV) lithography systems, alongside deep ultraviolet (DUV) systems, metrology and inspection solutions, software, customer support, and upgrade services. The income statement breaks out net system sales of EUR 24,474.3M and net service and field option sales of EUR 8,193.0M on total net sales of EUR 32,667.3M. Business-screen implication (factual): every disclosed segment sells chip-manufacturing equipment and services - none involve alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance. ASML is not a defense contractor. Context only: as a dual-use equipment supplier it sells to all major chipmakers (TSMC, Samsung, Intel), some of whose chips end up in military applications - that is indirect customer use, not a disclosed haram business segment. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: PASS

Per ASML's FY2025 Form 20-F (fiscal year ended December 31, 2025; filed February 25, 2026), total interest-bearing debt was EUR 4,390.9M - short-term borrowings and current portion of long-term debt EUR 1,681.9M plus long-term debt EUR 2,709.0M. The debt mix: Eurobonds (carrying amount EUR 3,682.8M / principal EUR 3,750.0M), EUR 693.0M outstanding under the EUR 1.5B ECP commercial-paper program, and a EUR 16.4M mortgage loan. Against a market cap of about $697B (385,417,665 shares outstanding x $1,808.49, October 2, 2026 - roughly EUR 595B), debt / market cap is about 0.7% - far below the ~33% ceiling. Cash and cash equivalents of EUR 12,916.0M plus short-term investments of EUR 405.9M is about 2.2% of market cap. Gate 2 passes. Facts only.

Gate 3 — Non-compliant income: PASS

ASML's FY2025 Form 20-F discloses the components of 'Interest and other, net' in Note 16: the interest income component in 2025 was EUR 223.0 million (2024: EUR 182.4M; 2023: EUR 193.9M), described as mainly interest income on cash and cash equivalents, versus an interest expense component of EUR 118.3 million. EUR 223.0M / FY2025 net sales of EUR 32,667.3M = about 0.68% of revenue - below the 5% non-compliant income ceiling. On the net line ('Interest and other, net' EUR 104.7M) the ratio is about 0.32%; third-party screener Zoya independently reports that same EUR 104.7M figure at 0.32% of revenue. Both the gross and net-line figures pass the ceiling. Gate 3 passes. Facts only.

Key figures used

Frequently asked questions

What does ASML do?

ASML Holding N.V. (NASDAQ: ASML), based in Veldhoven, the Netherlands, develops and manufactures lithography systems used by semiconductor manufacturers to pattern integrated circuits. It is the sole global supplier of extreme ultraviolet (EUV) lithography systems, and also sells deep ultraviolet (DUV) systems plus metrology, inspection, software, and customer support services. In FY2025 it reported net sales of EUR 32,667.3 million, split between net system sales (EUR 24,474.3M) and net service and field option sales (EUR 8,193.0M).

Why does ASML pass this Shariah stock screen?

ASML passes all three gates of this Shariah stock screen. Gate 1 (business activity): lithography equipment and related services involve no alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance - a clean business. Gate 2 (debt): EUR 4.39B of total interest-bearing debt is about 0.7% of its ~$697B market cap, far below the ~33% ceiling. Gate 3 (non-compliant income): interest income of EUR 223.0M is about 0.68% of FY2025 net sales (EUR 32,667.3M), below the 5% ceiling. Result: PASS. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

What is ASML's interest-bearing debt ratio?

Per ASML's FY2025 Form 20-F (fiscal year ended December 31, 2025; filed February 25, 2026; SEC file 001-33463), total interest-bearing debt was EUR 4,390.9M - short-term borrowings and current portion of long-term debt EUR 1,681.9M plus long-term debt EUR 2,709.0M (Eurobonds carrying amount EUR 3,682.8M / principal EUR 3,750.0M; EUR 693.0M outstanding under the EUR 1.5B ECP commercial-paper program; a EUR 16.4M mortgage loan). Against a market cap of about $697B (385,417,665 shares outstanding x $1,808.49, October 2, 2026 - roughly EUR 595B), debt / market cap is about 0.7%, far below the ~33% ceiling. Cash and cash equivalents of EUR 12,916.0M plus short-term investments of EUR 405.9M is about 2.2% of market cap. Gate 2 passes. Facts only.

How much interest income does ASML earn?

ASML's FY2025 Form 20-F discloses the interest income component in Note 16: EUR 223.0 million in 2025 (2024: EUR 182.4M), described as mainly interest income on cash and cash equivalents, versus interest expense of EUR 118.3 million. EUR 223.0M / FY2025 net sales of EUR 32,667.3M = about 0.68% of revenue, below the 5% non-compliant income ceiling. On the net line ('Interest and other, net' EUR 104.7M) the ratio is about 0.32% - third-party screener Zoya independently reports the same EUR 104.7M figure at 0.32%. Gate 3 passes. Facts only.

Do Zoya, Musaffa, or ShariaPortfolio cover ASML?

Zoya covers ASML at zoya.finance/stocks/asml and says, as of October 2026, ASML is Shariah-compliant and therefore considered halal to invest in, quoting FY2025 revenue of EUR 32,667,300,000 and interest income of EUR 104,700,000 (0.32%). Musaffa covers ASML (pages under the ASMLF / ASML.AS tickers, same company; Musaffa Academy also lists NASDAQ: ASML as halal in its MSCI World halal-stock list) and classifies it as halal. ShariaPortfolio: no ASML page was located in a targeted search - honestly reported as no coverage found, not invented.

Sources

Screened 2026-10-02 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).