How much of Micron’s revenue comes from haram?

Micron earns its revenue from the following revenue sources:

  • Compute and Networking Business Unit:

Includes memory products and solutions sold into client, cloud server, enterprise, graphics, and networking markets.

  • Mobile Business Unit:

Includes memory products for smartphones and other mobile devices.

  • Storage Business Unit:

Includes SSDs and component-level solutions for enterprise and cloud, client, and consumer storage markets.

  • Embedded Business Unit:

Includes memory and storage products sold into industrial, automotive, and consumer markets.

The contributions from each of Micron’s revenue segments in their 2020 annual report were as follows:

Practical Islamic Finance concludes:

None of Micron’s revenue comes from anything inherently haram.

Does Micron rely on interest to operate?

Year-to-Date
for period ended
6/3/2021
Fiscal year
ended
12/31/2020
Fiscal year
ended
12/31/2019
Interest Income$28,000$114,000$205,000
Total Revenue$19,431,000$21,435,000$23,406,000
Interest Expense $136,000$194,000$128,000
Total Expenses$15,536,000$18,364,000$15,981,000
Interest Income / Revenue0.14%0.53%0.88%
Interest Expense / Total Expense0.88%1.06%0.80%
*Numbers in thousands, U.S. dollars

Practical Islamic Finance concludes:

Riba is used but not relied upon in Micron’s operations.

What is Micron’s Environmental, Social, and Governance (ESG) impact?

Environment

According to Micron’s 2021 Sustainability Report, since 2018, Micron has reduced its greenhouse gas emissions by 36%.

Social

Micron has an above-average Glassdoor rating of 3.7 out of 5.0 from over 3,000 current and previous employees compared to a 3.3 average for all other Glassdoor rated companies.

Governance

No notable governance highlights.

Practical Islamic Finance concludes:

Micron has a net positive ESG impact.

Comfort Rating

From Micron’s business, financial, and ESG reviews, Practical Islamic Finance rates Micron stock as:

Comfortable to invest in from a Halal perspective.

Sources

Micron Q1 2021 10-Q

Micron Q2 2021 10-Q

Micron Q3 2021 10-Q

FORM 10-K 2020

FORM 10-K 2019     

2021 Sustainability Report