Is Qualcomm Stock Halal?

Is Qualcomm Stock Halal?

How much of Qualcomm’s revenue comes from haram?

Qualcomm earns its revenue from the following revenue sources:

  • Equipment and Services:

Includes sales of products used in mobile devices, including Mobile Station Modem (MSM™), radio frequency (RF), power management (PM), and wireless connectivity integrated chipsets.

  • Licensing:

Includes revenue generated from royalties and licensing fees to use portions of Qualcomm’s intellectual property portfolio.

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

Practical Islamic Finance concludes:

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

Does Qualcomm rely on interest to operate?

Qualcomm reports its interest income in conjunction with its dividend income.

for period ended
Fiscal year
Fiscal year
Interest Income + Dividend Income$43,000$156,000$300,000
Total Revenue$15,995,000$23,531,000$24,273,000
Interest Expense $279,000$602,000$627,000
Total Expenses$11,634,000$17,276,000$16,606,000
Interest Income / Revenue0.27%0.66%1.24%
Interest Expense / Total Expense2.40%3.48%3.78%
*Numbers in thousands, U.S. dollars

Practical Islamic Finance concludes: 

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

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


Qualcomm reduced its GHG emissions for its operations in India by approximately 22,485 tons of carbon dioxide equivalent through the purchase of solar energy for its Bangalore offices.


Qualcomm has a high Glassdoor rating of 4.1 out of 5.0 from over 8,000 current and previous employees compared to a 3.3 average for all other Glassdoor rated companies.


No notable governance highlights.

Comfort Rating

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

Comfortable to invest in from a Halal perspective.


Qualcomm Corporate Responsibility Report  

QUALCOMM Q2 2021 10-Q

QUALCOMM Q3 2021 10-Q

QUALCOMM 2020 10-K 

Qualcomm Reviews

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