Cadence Design Systems

CDNS stock is Shariah-compliant

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About Cadence Design Systems (CDNS)

Cadence Design Systems, Inc. is a global provider of software, hardware, services, and reusable integrated circuit (IC) design blocks for the electronics industry. The company offers a wide range of products and services for functional verification, digital IC design, custom IC design, system design, and intellectual property, catering to various industries including consumer electronics, 5G communications, automotive, and aerospace. Founded in 1987 and headquartered in San Jose, California, Cadence serves customers worldwide with its comprehensive suite of design and verification solutions.

الأسئلة المتداولة

Is Cadence Design Systems (CDNS) stock halal to invest in?
As of Aug 27, 2024, Cadence Design Systems (CDNS) stock is Shariah-compliant based on its business activities and financial ratios.
As of Aug 27, 2024, Cadence Design Systems (CDNS) stock is flagged as Shariah-compliant in terms of Shariah compliance. This means that while the company's operations do not definitively violate Islamic guidelines, there are certain aspects of Cadence Design Systems's business that require careful consideration.
Does Cadence Design Systems have any interest income?
Yes, Cadence Design Systems does have interest income. According to the company's latest annual report for the fiscal year ending Dec 31, 2023, Cadence Design Systems reported revenue of 4089986000 and interest income of 29637000. The interest income represents 0.72% of the combined total. It's worth noting that some companies may report additional interest income as part of their revenue. For a detailed breakdown of all interest income and revenue segments, please refer to the full Shariah compliance report available in the Zoya app.
No, Cadence Design Systems has not reported any interest income. According to the company's latest annual report for the fiscal year ending Dec 31, 2023, Cadence Design Systems reported total revenue of 4089986000, with no separate interest income disclosed. However, it's worth noting that some companies may report interest income as part of their revenue. For a detailed breakdown of all interest income and revenue segments, please refer to the full Shariah compliance report available in the Zoya app.
What guidelines are used to determine if Cadence Design Systems stock is Shariah-compliant?
نحن نستخدم المبادئ التوجيهية التي وضعتها هيئة المحاسبة والمراجعة للمؤسسات المالية الإسلامية (AAOIFI) لتقييم الامتثال للشريعة الإسلامية. هيئة المحاسبة والمراجعة للمؤسسات المالية الإسلامية هي منظمة دولية رائدة تضع معايير التمويل الإسلامي. تساعد إرشاداتها في تحديد ما إذا كانت الأنشطة التجارية للشركة و والهيكل المالي يتماشى مع المبادئ الإسلامية. وتحظى هذه المعايير باحترام واسع النطاق في وتوفر إطارًا متسقًا لتقييم مدى توافق الأسهم والأدوات المالية الأخرى مع الشريعة الإسلامية. والأدوات المالية الأخرى. وتضم الهيئة الشرعية لهيئة المحاسبة والمراجعة للمؤسسات المالية الإسلامية علماء مشهورين مثل الشيخ محمد تقي عثماني، والشيخ عبد الستار أبو غدة، والشيخ عبد الله المانع.
How often is Cadence Design Systems stock reviewed for Shariah compliance?
The Shariah compliance status of Cadence Design Systems stock is reviewed on a regular basis, with a minimum frequency of once per quarter. However, if there are any significant changes or major developments in the company's operations that may impact its compliance, an immediate review will be conducted to ensure ongoing adherence to Shariah principles.
How can I stay updated on Cadence Design Systems's compliance status?
To stay informed, we recommend regularly checking Zoya for updates. You can also enable alerts within the Zoya app to receive notifications whenever there is a change in the Shariah compliance of CDNS, or any other stocks you are monitoring. This is particularly useful as Shariah compliance can fluctuate due to changes in a company's financial ratios or business activities.
Are dividends from Cadence Design Systems stock considered halal?
Yes, dividends from CDNS are considered halal. However, you may need to purify a portion of the dividend if the company has any impermissible revenue. Shariah standards typically allow up to 5% of revenue from impermissible sources for a stock to remain compliant. To find the exact percentage of impermissible revenue for Cadence Design Systems (CDNS), check the Zoya app. For more details on the purification process, read our comprehensive guide.
No, dividends from CDNS are not considered halal because the stock is currently not Shariah-compliant. When a stock is non-compliant, any dividends received from it are considered impermissible income and should be donated to charity as a form of purification. To learn more about the purification process and how to handle impermissible income, read our comprehensive guide.
Do I need to pay Zakat on my Cadence Design Systems shares?
If you hold Cadence Design Systems stock as an investment, through an Employee Stock Ownership Plan (ESOP), stock options, restricted stock units (RSUs), or any other form of stock ownership, and meet the Nisab threshold, you may be required to pay Zakat on it. The calculation of Zakat on stocks can be complex and depends on various factors. To help make this easy, we've created a free Zakat calculation tool. For an even easier experience, use the Zoya mobile app, where you can link your brokerage account to automatically import holdings.

How to buy Cadence Design Systems (CDNS) stock on Zoya

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