Canadian Halal Investor.

NASDAQ Shariah screener · October 2026

Is Sandisk Corporation (SNDK) Halal?

PASS

Sandisk Corporation · NASDAQ: SNDK · Technology

The short answer

Yes — Sandisk Corporation (SNDK) passes this Shariah stock screen. The Milpitas-based pure-play NAND flash memory and SSD maker (Datacenter, Edge and Consumer end markets; spun off from Western Digital on February 24, 2025; S&P 500 member) has no disclosed prohibited business lines. Its long-term debt is $0 (the $2.0B term loan was repaid March 4, 2026; only ~$201M of finance leases remain), about 0.08% of its ~$250.8B market cap ($1,787.69, October 1, 2026), below the ~33% ceiling. Interest and investment income of $70M is about 0.35% of FY2026 revenue ($20,248M), below the 5% non-compliant income ceiling. No Zoya, Musaffa or ShariaPortfolio rating was found on public pages — honestly reported as absent, not invented.

Gate 1 — Business activity: PASS

Sandisk Corporation (NASDAQ: SNDK), headquartered in Milpitas, California, is a pure-play NAND flash memory and SSD maker — one of the world's five largest NAND suppliers, manufacturing largely through a Japan joint venture with Kioxia. It was spun off from Western Digital on February 24, 2025 (WDC now trades separately as the HDD company) and joined the S&P 500 in late November 2025. Sandisk is organised around three end markets: Datacenter (enterprise SSDs for AI data centers — the primary growth engine), Edge (PCs, mobile, automotive) and Consumer (removable cards, USB drives). FY2026 revenue was $20,248M (a 53-week year) versus $7,355M in FY2025 — the memory supercycle. Haram flags: none. No interest-based lending, alcohol, pork, gambling, adult entertainment, conventional insurance, tobacco, or weapons in the business description. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: PASS

Per Sandisk's Q4 FY2026 results (fiscal year ended July 3, 2026), long-term debt was $0 — the $2.0B term loan was repaid on March 4, 2026 (it stood at $1,829M a year earlier). Only finance leases remain: $177M long-term + $24M current = ~$201M. Against a market cap of about $250.8B ($1,787.69, October 1, 2026), debt ÷ market cap is about 0.08% — below the ~33% ceiling. Cash and cash equivalents of $4,762M are about 1.90% of market cap (no separate marketable-securities line). Interest expense was $119M in FY2026 — noted, not a screen input. Gate 2 passes. Facts only.

Gate 3 — Non-compliant income: PASS

Sandisk's FY2026 financials report "Interest & Investment Income" of $70M against total revenue of $20,248M — about 0.35% of revenue, below the 5% non-compliant income ceiling. ($22M in FY2025.) Gate 3 passes. Facts only.

Key figures used

Frequently asked questions

What does Sandisk do?

Sandisk Corporation (NASDAQ: SNDK), headquartered in Milpitas, California, is a pure-play NAND flash memory and SSD maker — one of the world's five largest NAND suppliers, manufacturing largely through a Japan joint venture with Kioxia. It was spun off from Western Digital on February 24, 2025 (WDC now trades separately as the HDD company) and joined the S&P 500 in late November 2025. Sandisk is organised around three end markets: Datacenter (enterprise SSDs for AI data centers — the primary growth engine), Edge (PCs, mobile, automotive) and Consumer (removable cards, USB drives). FY2026 revenue was $20,248M (a 53-week year) versus $7,355M in FY2025 — the memory supercycle.

Why does Sandisk pass this Shariah stock screen?

Sandisk passes all three gates of this screen. Its business is NAND flash memory and SSDs — with no prohibited lines (no alcohol, gambling, pork, conventional banking/insurance, tobacco, weapons or adult entertainment). Long-term debt is $0 at July 3, 2026 (the $2.0B term loan was repaid March 4, 2026; finance leases only: $177M long-term + $24M current) — about 0.08% of its ~$250.8B market cap, below the ~33% ceiling. Interest and investment income of $70M is about 0.35% of FY2026 revenue ($20,248M), below the 5% non-compliant income ceiling. No Zoya, Musaffa or ShariaPortfolio rating was found on public pages — honestly reported as absent, not invented. This is a factual screen, not a religious ruling — consult a qualified scholar for personal rulings.

What is Sandisk's interest-bearing debt ratio?

Per Sandisk's Q4 FY2026 results (fiscal year ended July 3, 2026), long-term debt was $0 — the $2.0B term loan was repaid on March 4, 2026 (it stood at $1,829M a year earlier). Only finance leases remain: $177M long-term + $24M current = ~$201M. Against a market cap of about $250.8B ($1,787.69, October 1, 2026), debt ÷ market cap is about 0.08% — below the ~33% ceiling. Cash and cash equivalents of $4,762M are about 1.90% of market cap (no separate marketable-securities line). Interest expense was $119M in FY2026 — noted, not a screen input.

What is Sandisk's non-compliant income ratio?

Sandisk's FY2026 financials report "Interest & Investment Income" of $70M against total revenue of $20,248M — about 0.35% of revenue, below the 5% non-compliant income ceiling. ($22M in FY2025.)

Do Zoya, Musaffa, or ShariaPortfolio cover Sandisk?

Zoya: NOT covered publicly — zoya.finance/stocks/sndk returns HTTP 404 (verified by direct fetch, October 1, 2026); no SNDK rating exists on Zoya's public site. Musaffa: no SNDK rating found in public web search. ShariaPortfolio: no SNDK-specific public rating found — all honestly reported as absent, not invented. This page applies the screen directly from Sandisk'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).