Canadian Halal Investor.

NASDAQ Shariah screener · October 2026

Is Marvell Technology, Inc. (MRVL) Halal?

PASS

Marvell Technology, Inc. · NASDAQ: MRVL · Technology

The short answer

Yes — Marvell Technology, Inc. (MRVL) passes this Shariah stock screen. The Wilmington-based fabless data-infrastructure semiconductor supplier (data center and communications end markets; complex System-on-a-Chip architectures) has no disclosed prohibited business lines and no defense segment. Its total debt of $4,470.6M is about 1.94% of its ~$230.9B market cap ($268.08, October 1, 2026), below the ~33% ceiling. Non-compliant income is conservatively bounded at ≤1.54% of FY2026 revenue ($8,194.6M): Marvell's 10-K does not report standalone interest income — its "Interest income and other, net" line of $1,926.3M includes the $1.8B one-time gain on the Infineon divestiture (a business sale, not non-compliant income) — and the gate passes even treating the entire $126.3M residual as non-compliant (the 10-K is authoritative; Zoya's page claims $0). Zoya rates MRVL Shariah-compliant and Musaffa classifies it as halal; no ShariaPortfolio rating was found — honestly reported as absent, not invented.

Gate 1 — Business activity: PASS

Marvell Technology, Inc. (NASDAQ: MRVL), headquartered in Wilmington, Delaware, states in its 10-K Item 1 that it is "a leading supplier of data infrastructure semiconductor solutions, spanning the data center core to network edge" and "a fabless supplier of high-performance semiconductor products" with core strengths in complex System-on-a-Chip architectures. Solutions target the data center and communications end markets; operations span Argentina, China, India, Israel, Japan, Singapore, South Korea, Taiwan and Vietnam. FY2026 net revenue: $8,194.6M. Factual note: on August 14, 2025 Marvell completed the sale of its automotive ethernet business to Infineon Technologies AG for $2.5B in cash (a semiconductor divestiture, recorded as a $1.8B pretax gain). Haram flags: none — no alcohol, pork, gambling, tobacco, adult entertainment, conventional finance/insurance, or weapons businesses; no defense segment reported. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: PASS

Per Marvell's FY2026 10-K (year ended January 31, 2026, published March 11, 2026), total debt was $4,470.6M — short-term debt $499.8M + long-term debt $3,970.8M (MD&A confirms "total borrowings outstanding of $4.5 billion"). Against a market cap of about $230.9B ($268.08, October 1, 2026), debt ÷ market cap is about 1.94% — below the ~33% ceiling. Cash and cash equivalents of $2,638.8M are about 1.14% of market cap (no separate marketable-securities line; nonmarketable equity investments $129.6M are not liquid). Interest expense was $202.6M in FY2026 — reported for completeness, not a screen input. Shares outstanding: 874.3M at March 4, 2026. Gate 2 passes. Facts only.

Gate 3 — Non-compliant income: PASS

Important disclosure: Marvell's 10-K does not report a standalone interest-income figure. Its income-statement line "Interest income and other, net" is $1,926.3M in FY2026, but MD&A states "The change was primarily due to the $1.8 billion gain on sale of our automotive ethernet business in the third quarter of fiscal 2026" — a business divestiture, not interest income. Conservative upper bound: $1,926.3M − $1,800M = $126.3M residual ÷ $8,194.6M revenue = ≤1.54% — below the 5% ceiling even treating the entire residual as non-compliant income. Factoring fees in the same line "were not material" (Note 15). (Zoya's page claims "$0" interest income — its scraper artifact given no separate disclosure; the 10-K is authoritative.) Gate 3 passes. Facts only.

Key figures used

Frequently asked questions

What does Marvell do?

Marvell Technology, Inc. (NASDAQ: MRVL), headquartered in Wilmington, Delaware, states in its 10-K Item 1 that it is "a leading supplier of data infrastructure semiconductor solutions, spanning the data center core to network edge" and "a fabless supplier of high-performance semiconductor products" with core strengths in complex System-on-a-Chip architectures. Solutions target the data center and communications end markets; operations span Argentina, China, India, Israel, Japan, Singapore, South Korea, Taiwan and Vietnam. FY2026 net revenue was $8,194.6M. On August 14, 2025 Marvell completed the sale of its automotive ethernet business to Infineon Technologies AG for $2.5B in cash (a semiconductor divestiture, recorded as a $1.8B pretax gain).

Why does Marvell pass this Shariah stock screen?

Marvell passes all three gates of this screen. Its business is fabless data-infrastructure semiconductors — with no prohibited lines (no alcohol, gambling, pork, conventional banking/insurance, tobacco, weapons or adult entertainment; no defense segment). Total debt of $4,470.6M is about 1.94% of its ~$230.9B market cap, below the ~33% ceiling. Non-compliant income is conservatively bounded at ≤1.54% of FY2026 revenue ($8,194.6M): the 10-K's "Interest income and other, net" line of $1,926.3M includes the $1.8B one-time gain on the Infineon divestiture — a business sale, not non-compliant income — and the gate passes even treating the entire $126.3M residual as interest income. Zoya rates MRVL Shariah-compliant and Musaffa classifies it as halal. This is a factual screen, not a religious ruling — consult a qualified scholar for personal rulings.

What is Marvell's interest-bearing debt ratio?

Per Marvell's FY2026 10-K (year ended January 31, 2026, published March 11, 2026), total debt was $4,470.6M — short-term debt $499.8M + long-term debt $3,970.8M (MD&A confirms "total borrowings outstanding of $4.5 billion"). Against a market cap of about $230.9B ($268.08, October 1, 2026), debt ÷ market cap is about 1.94% — below the ~33% ceiling. Cash and cash equivalents of $2,638.8M are about 1.14% of market cap (no separate marketable-securities line). Interest expense was $202.6M in FY2026 — reported for completeness, not a screen input. Shares outstanding: 874.3M at March 4, 2026.

What is Marvell's non-compliant income ratio?

Important disclosure: Marvell's 10-K does not report a standalone interest-income figure. Its income-statement line "Interest income and other, net" is $1,926.3M in FY2026, but MD&A states "The change was primarily due to the $1.8 billion gain on sale of our automotive ethernet business in the third quarter of fiscal 2026" — a business divestiture, not interest income. Conservative upper bound: $1,926.3M − $1,800M = $126.3M residual ÷ $8,194.6M revenue = ≤1.54% — below the 5% ceiling even treating the entire residual as non-compliant income. Factoring fees in the same line "were not material" (Note 15). (Zoya's page claims "$0" interest income — its scraper artifact given no separate disclosure; the 10-K is authoritative.)

Do Zoya, Musaffa, or ShariaPortfolio cover Marvell?

Zoya covers MRVL (zoya.finance/stocks/mrvl): "As of September 2026, MRVL is Shariah-compliant and therefore considered halal to invest in" (the usual auto-template caveat applies). Musaffa covers MRVL (musaffa.com/stock/MRVL/): "As of October 2026, Marvell Technology Inc is classified as halal" under AAOIFI. ShariaPortfolio: no MRVL-specific public rating found in web search — honestly reported as absent, not invented. This page applies the screen directly from Marvell's own 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).