Wavelet transform using Haar filter is a fast process for decomposing an image into low and high frequency sub-bands, which is an important step in multi-focus image fusion. This transformation alone is usually not sufficient to produce satisfying fused images, and therefore additional tools like focused region decision map and feature extraction are needed to enhance the fusion quality. In this paper, we propose a multi-focus image fusion algorithm that is suitable for efficient hardware implementation. The algorithm speed is significantly improved by utilizing Haar wavelet and computationally simple fusion rules. To further improve the circuit power and delay, we limit the logic operations to additions, subtractions, and multiplications only. Experiments on different benchmarks demonstrate that our proposed algorithm can reduce the fusion time by up to 99.97% compared with the state-of-the-art competing methods without compromising the fusion quality. In addition, the hardware implementation of the proposed algorithm reduces the circuit area and delay by 79.5% and 92.5%, respectively, when compared to the most competitive algorithm in this paper while maintaining similar fusion quality.