Canadian Halal Investor.

NASDAQ Shariah screener · October 2026

Is Micron Technology, Inc. (MU) Halal?

PASS

Micron Technology, Inc. · NASDAQ: MU · Technology

The short answer

Yes — Micron Technology, Inc. (MU) passes this Shariah stock screen. The Boise, Idaho memory maker (DRAM including HBM, NAND flash and NOR, sold under the Micron and Crucial brands; four business units spanning cloud, data center, mobile and automotive) has no disclosed prohibited business lines. Its total debt of $5,722M is about 0.48% of its ~$1.20T market cap, below the ~33% ceiling. Interest income of $509M is about 0.64% of nine-month revenue ($78,959M, per the Q3 FY2026 10-Q — the most recent SEC filing), below the 5% non-compliant income ceiling. All three third-party screeners that cover MU — Zoya, Musaffa and ShariaPortfolio — independently rate it Shariah-compliant/halal.

Gate 1 — Business activity: PASS

Micron Technology, Inc. (NASDAQ: MU), founded in 1978 and headquartered in Boise, Idaho, designs and manufactures memory and storage products — DRAM (including high-bandwidth memory, HBM), NAND flash and NOR memory — sold under its Micron and Crucial brands. Per its filings it operates as an integrated device manufacturer through four business units (reorganized in Q4 FY2025): Cloud Memory, Core Data Center, Mobile & Client, and Automotive & Embedded, serving data centers/AI, PCs, mobile, automotive and industrial end markets. No prohibited lines are disclosed in its business — no alcohol, gambling, pork, conventional banking/insurance, tobacco, cannabis, weapons manufacturing or adult entertainment. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: PASS

Per Micron's Form 10-Q for the quarter ended May 28, 2026 (FY2026 Q3 — the most recent SEC filing as of October 1, 2026), total debt was $5,722M — current debt $582M plus long-term debt $5,140M on the balance sheet. Against a market cap of about $1.20T (Finnhub; cross-check: $1,097.39 × 1,129,393,151 shares outstanding ≈ $1.24T), debt ÷ market cap is about 0.48%, far below the ~33% ceiling. Cash and equivalents ($24,995M) plus short-term investments ($1,027M) and long-term marketable investments ($4,106M) total $30,128M, about 2.5% of market cap. Gate 2 passes. Facts only.

Gate 3 — Non-compliant income: PASS

Micron's 10-Q reports interest income of $509M for the nine months ended May 28, 2026, against revenue of $78,959M — about 0.64% of revenue, below the 5% non-compliant income ceiling. The standalone quarter shows $215M of interest income on $41,456M revenue (about 0.52%). (Micron announced Q4 FY2026 results on September 30, 2026 — quarterly revenue $54.23B — but these ratios use the most recent filed 10-Q, not the unaudited press release.) Gate 3 passes. Facts only.

Key figures used

Frequently asked questions

What does Micron Technology do?

Micron Technology, Inc. (NASDAQ: MU), founded in 1978 and headquartered in Boise, Idaho, designs and manufactures memory and storage products — DRAM (including high-bandwidth memory, HBM), NAND flash and NOR memory — sold under its Micron and Crucial brands. It operates as an integrated device manufacturer through four business units: Cloud Memory, Core Data Center, Mobile & Client, and Automotive & Embedded. End markets include data centers and AI infrastructure, PCs, mobile devices, automotive and industrial applications.

Why does Micron pass this Shariah stock screen?

Micron passes all three gates of this screen. Its business is pure semiconductor memory and storage hardware with no disclosed prohibited lines (no alcohol, gambling, pork, conventional banking/insurance, tobacco, cannabis, weapons manufacturing or adult entertainment). Its total debt of $5,722M is about 0.48% of its ~$1.20T market cap, far below the ~33% ceiling. Its interest income of $509M over the nine months ended May 28, 2026 is about 0.64% of revenue ($78,959M), below the 5% non-compliant income ceiling. All three third-party screeners that cover MU — Zoya, Musaffa and ShariaPortfolio — independently rate it Shariah-compliant/halal. This is a factual screen, not a religious ruling — consult a qualified scholar for personal rulings.

What is Micron's interest-bearing debt ratio?

Per Micron's Form 10-Q for the quarter ended May 28, 2026 (FY2026 Q3), total debt was $5,722M — current debt $582M plus long-term debt $5,140M on the balance sheet. Against a market cap of about $1.20T (Finnhub; cross-check: $1,097.39 × 1,129,393,151 shares ≈ $1.24T), total debt ÷ market cap is about 0.48% — far below the ~33% ceiling. Cash and equivalents of $24,995M plus short-term investments of $1,027M and long-term marketable investments of $4,106M ($30,128M total) are about 2.5% of market cap.

What is Micron's non-compliant income ratio?

Micron's 10-Q for the quarter ended May 28, 2026 reports interest income of $509M for the nine months, against revenue of $78,959M — about 0.64% of revenue, below the 5% non-compliant income ceiling. The quarterly figure is $215M of interest income on $41,456M revenue (about 0.52%). These figures come from the most recent SEC filing; Micron announced Q4 FY2026 results on September 30, 2026, but ratios here use the filed 10-Q rather than the unaudited press release.

Do Zoya, Musaffa, or ShariaPortfolio cover Micron?

All three cover it, and all three rate it compliant. Zoya (zoya.finance/stocks/mu): "As of October 2026, MU is Shariah-compliant and therefore considered halal to invest in." Musaffa's Nasdaq-100 halal list shows Micron Technology, Inc. (MU) with Status: Halal. ShariaPortfolio's screener page for MU states: "Micron Technology Inc is Shariah Compliant. It passes 5/5 Shariah standards we screen against."

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).