Marvell Technology, Inc., together with its subsidiaries, provides data infrastructure semiconductor solutions and spanning the data center core to network edge in the United States, Argentina, China, India, Israel, Japan, Singapore, South Korea, Taiwan, Vietn. The stock trades as (NASDAQ: MRVL). The company carries a market capitalisation of roughly $169.3 billion and sits in the Technology sector. For Muslim investors asking “is Marvell Technology halal?” or “is MRVL halal?”, the answer comes from testing the company against established Shariah screening rules. Here are the workings.
What We Screen For
Our screen applies two layers. First, a business activity test: companies whose core operations are impermissible (conventional banking and insurance, alcohol, gambling, tobacco, weapons, adult entertainment) fail outright. Second, four financial ratio tests built on widely adopted AAOIFI-style thresholds:
- Debt screen: interest-bearing debt must stay below 33% of market capitalisation.
- Liquidity screen: cash plus interest-bearing securities must stay below 33% of market capitalisation.
- Receivables screen: accounts receivable must stay below 49% of total assets.
- Revenue screen: non-permissible revenue must stay below 5% of total revenue.
The Numbers
| Screening Test | MRVL Figure | Limit | Status |
|---|---|---|---|
| Business activity | Core operations reviewed | No prohibited core activity | ✓ Pass |
| Interest-bearing debt to market capitalisation | 21.50% | Below 33% | ✓ Pass |
| Cash and interest-bearing securities | 11.84% | Below 33% | ✓ Pass |
| Accounts receivable to total assets | 9.81% | Below 49% | ✓ Pass |
| Non-permissible revenue share | 21.03% | Below 5% | ✗ Fail |
| Overall verdict | FAIL | Ethical score 10.0/100 | ✗ Fail |
Detailed Assessment
Marvell Technology clears the business activity test: No prohibited business activity identified.
Interest-bearing debt stands at 21.50% of market capitalisation, below the 33% limit. A clean reading on the most-watched screen.
Cash and interest-bearing securities sit at 11.84% against the 33% limit, and accounts receivable at 9.81% against the 49% limit. Together these confirm the asset base is productive rather than a wrapper around cash and paper claims.
Non-permissible revenue is measured at 21.03% of total revenue against the 5% ceiling.
The verdict is FAIL because the company breaches: Non-permissible revenue share.
Key Considerations
Screening verdicts are methodology-dependent. Our screen applies the thresholds shown above; other providers may use total assets rather than market capitalisation as the denominator, which can move borderline names. The underlying figures are shown so you can apply your own scholar’s rules.
Screening data reflects filings available as of 2026-07-19.
Quick Answers
Is Marvell Technology stock halal?
Under our screen, Marvell Technology (MRVL) receives a FAIL verdict as of July 2026. It fails: Revenue purity 21.0%.
What ratios does MRVL need to pass?
Interest-bearing debt below 33% of market capitalisation, cash and interest-bearing securities below 33%, receivables below 49% of assets, and non-permissible revenue below 5% of total revenue, after a business activity test.
Is Marvell Technology on a boycott list?
Yes. Marvell Technology appears on: BDS Movement. This is disclosed separately from the financial screen.
Further Research
View the full Marvell Technology profile, including quantitative scores and technical analysis, on our MRVL ticker page.
Screen the full 13,700-name universe yourself on the Ethical Trading hub, or compare verdicts across the market with our screeners.