Is Allegro MicroSystems, Inc. ALGM stock halal to invest in?

Yes, as of August 2026, Allegro MicroSystems, Inc. stock (ALGM) is classified as a Shariah compliant stock. This verdict follows the screening methodology of AAOIFI (the Accounting and Auditing Organization for Islamic Financial Institutions), whose Shariah Standard No. 21 is the leading global benchmark for screening halal stocks. Allegro MicroSystems, Inc. currently passes all four AAOIFI financial screens: non-permissible income remains below 5% of total revenue, interest-bearing investments and interest-bearing debt each remain below 30% of market capitalisation, and the company has no impermissible preference share structure. The stock's current purification factor is 99.91%. Compliance is reassessed every month as updated screening data arrives, and a stock's status can change when new financial reports are released. You can always check the current status of Allegro MicroSystems, Inc. and explore other Shariah compliant stocks in the Tabadulat app.

How often is Allegro MicroSystems, Inc. ALGM reviewed for Shariah compliance?

Tabadulat reviews Allegro MicroSystems, Inc. ALGM for Shariah compliance every month. Each review applies the AAOIFI Shariah Standard No. 21 methodology, screening the company's business activities, non-permissible income, interest-bearing investments, interest-bearing debt, and preference shares, against the company's latest available financial data. The process operates under the direct supervision of Tabadulat's dedicated Shariah Supervisory Board of Islamic finance scholars. Because compliance depends on financial ratios that move with market capitalisation and reported results, a stock's status can change from one review to the next. Monthly screening ensures the status shown for Allegro MicroSystems, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.

Does Allegro MicroSystems, Inc. ALGM pass the AAOIFI Non Permissible Income criteria?

Yes, as of August 2026, Allegro MicroSystems, Inc. stock (ALGM) passes the AAOIFI non-permissible income screen. Under AAOIFI Shariah Standard No. 21, income from impermissible sources (such as interest or riba, conventional financial services, alcohol, gambling, or tobacco) must remain below 5% of a company's total revenue. Allegro MicroSystems, Inc.'s income from non-permissible sources is currently within this 5% threshold. Even permissible levels of incidental impure income should still be purified: investors donate the corresponding share of dividends to charity, as reflected in the stock's purification factor. This screen is reassessed monthly using the company's latest financial disclosures.

Does Allegro MicroSystems, Inc. ALGM pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Allegro MicroSystems, Inc. stock (ALGM) passes the AAOIFI interest-bearing investments screen. Under AAOIFI Shariah Standard No. 21, the cash a company places in interest-earning instruments (such as conventional deposits, bonds, treasury bills and money-market funds) must remain below 30% of its market capitalisation. This limit ensures shareholders are not materially profiting from riba (interest). Allegro MicroSystems, Inc.'s interest-bearing investments are currently within the 30% threshold. Because the ratio is measured against market capitalisation, it can move with the share price as well as the balance sheet, which is why Tabadulat rescreens the stock every month.

Does Allegro MicroSystems, Inc. ALGM pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, Allegro MicroSystems, Inc. stock (ALGM) passes the AAOIFI interest-bearing debt screen. Under AAOIFI Shariah Standard No. 21, a company's borrowings that accrue interest (conventional bank loans, bonds and similar riba-based financing) must remain below 30% of its market capitalisation. This cap limits shareholders' exposure to interest-based leverage. Allegro MicroSystems, Inc.'s interest-bearing debt is currently within the 30% threshold. Because market capitalisation changes daily, a company's debt ratio can drift toward or away from the limit even without new borrowing, which is why this screen is reassessed every month.

What is the dividend purification factor for Allegro MicroSystems, Inc. ALGM stock?

As of August 2026, the dividend purification factor for Allegro MicroSystems, Inc. (ALGM) is 99.91%. Purification (tazkiyah) is the practice of donating to charity the portion of dividend income attributable to incidental non-permissible sources, typically interest earned on a company's cash, and AAOIFI methodology requires it even for fully compliant stocks. The purification factor is the figure halal investors use to work out that donation on Allegro MicroSystems, Inc. dividends. It is recalculated with each monthly screening as new financial data arrives, and the Tabadulat app can help you calculate and track purification across your whole portfolio.

Does Allegro MicroSystems, Inc. ALGM pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Allegro MicroSystems, Inc. stock (ALGM) passes the AAOIFI preference share screen. AAOIFI Shariah Standard No. 21 prohibits investing in preference shares because they grant holders guaranteed or priority rights to dividends and capital ahead of ordinary shareholders, a structure that conflicts with the Shariah principle that investors should share profit and loss in proportion to their ownership. Allegro MicroSystems, Inc. has no impermissible preference share structure affecting its ordinary shares, so the stock is compliant on this criterion. Like all AAOIFI screens, this is verified in each monthly review.

Invest Halal, Anytime, Anywhere

Download the Tabadulat app and start building your Shariah-compliant portfolio in minutes.

English

العربية

Allegro MicroSystems, Inc.

NASDAQ

Shariah-Compliant

Not Shariah

ALGM

About

Allegro MicroSystems, Inc.

ALGM

Allegro MicroSystems, Inc. is a prominent designer and manufacturer of sensor integrated circuits (ICs) and application-specific analog power ICs. These components are used extensively in the automotive and industrial sectors to enhance system performance, efficiency, and safety. Allegro's sensors, which measure current, position, speed, and direction, play a critical role in developing smart automotive systems, contributing to advancements in vehicle electrification and automation. Furthermore, the company's power ICs aid in managing energy usage and optimizing performance across various electronic devices. Headquartered in Manchester, New Hampshire, Allegro MicroSystems operates on a global scale, supplying vital components to top-tier manufacturers and influencing trends in automotive technology and industrial automation. Through innovation and a focus on delivering precision and reliability, Allegro sustains its position as a key player in the semiconductor industry.

Sector:

Technology

Industry:

Semiconductors

Employees:

4060

Website:

https://www.allegromicro.com/en

ALGM

Frequently asked questions

Related stocks

Mobile login screen for Tabadulat with fields to enter email, a Continue button, an option to create an account, and a language selector showing EN.

Step 1

Open your account.

Create your Tabadulat account in minutes: enter your details, complete identity verification, and add funds by secure transfer in multiple currencies. You're ready to start investing in halal stocks the same day.

Mobile screen showing add money interface with 100 AED amount and Manual Bank Transfer payment method selected, noting 1-2 business days processing.

Step 2

Deposit.

Add funds to your account using a secure payment method. You can deposit in multiple currencies to get started.

Step 3

Screen.

Screen Stocks for Free and explore a wide range of stocks that are ethically screened for Shariah compliance. Use our Halal Stock Screener to find the best opportunities.

Allegro MicroSystems, Inc.

About

Allegro MicroSystems, Inc.

ALGM

Frequently asked questions

Is Allegro MicroSystems, Inc. ALGM stock halal to invest in?

How often is Allegro MicroSystems, Inc. ALGM reviewed for Shariah compliance?

Does Allegro MicroSystems, Inc. ALGM pass the AAOIFI Non Permissible Income criteria?

Does Allegro MicroSystems, Inc. ALGM pass the AAOIFI Interest Bearing Investments criteria?

Does Allegro MicroSystems, Inc. ALGM pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Allegro MicroSystems, Inc. ALGM stock?

Does Allegro MicroSystems, Inc. ALGM pass the AAOIFI Preference Share screen?

How do I buy Allegro MicroSystems (ALGM) stock?

Open your account.

Deposit.

Screen.