AAOIFI 30/30/5 Screening

Halal Consumer Goods Stocks

Companies producing consumer products, food, beverages, household goods, and retail stores. Muslim investors should pay special attention to companies involved in food production to ensure they do not derive significant revenue from non-halal products.

18

Compliant

3

Non-Compliant

4

Needs Review

Consumer Goods Shariah Compliance Results

25 stocks screened against AAOIFI 30/30/5 standards.

SymbolCompanyStatus
PGThe Procter & Gamble CompanyCompliant
KOThe Coca-Cola CompanyCompliant
PEPPepsiCo, Inc.Compliant
COSTCostco Wholesale CorporationCompliant
WMTWalmart Inc.Compliant
MCDMcDonald's CorporationNeeds Review
NKENIKE, Inc.Compliant
SBUXStarbucks CorporationNeeds Review
HDThe Home Depot, Inc.Compliant
LOWLowe's Companies, Inc.Non-Compliant
TGTTarget CorporationCompliant
ELThe EstΓ©e Lauder Companies Inc.Compliant
CLColgate-Palmolive CompanyCompliant
MDLZMondelez International, Inc.Compliant
GISGeneral Mills, Inc.Needs Review
KKNeeds Review
HSYThe Hershey CompanyCompliant
TJXThe TJX Companies, Inc.Compliant
ROSTRoss Stores, Inc.Compliant
DGDollar General CorporationNon-Compliant
DLTRDollar Tree, Inc.Non-Compliant
LULUlululemon athletica inc.Compliant
DECKDeckers Outdoor CorporationCompliant
BURLBurlington Stores, Inc.Compliant
ULTAUlta Beauty, Inc.Compliant

Frequently Asked Questions

Which Consumer Goods stocks are halal?

Based on AAOIFI 30/30/5 screening, 18 out of 25 screened Consumer Goods stocks are currently Shariah compliant. Compliance status is updated regularly as new financial data becomes available. Use the table above to see the full breakdown of compliant, non-compliant, and needs-review stocks.

Is the Consumer Goods sector halal to invest in?

The Consumer Goods & Retail sector is not inherently halal or haram as a whole. Each company must be individually screened against Shariah compliance standards. Some Consumer Goods companies pass all AAOIFI criteria while others fail due to excessive debt, cash holdings, or non-permissible income. Always screen individual stocks before investing.

What is the AAOIFI 30/30/5 screening standard?

The AAOIFI 30/30/5 standard is the most widely adopted Shariah screening methodology. It requires: (1) the company does not primarily operate in haram industries, (2) interest-bearing debt is below 30% of market capitalization, (3) cash and interest-bearing securities are below 30% of market cap, and (4) non-permissible income is below 5% of total revenue. A stock must pass all four criteria to be considered Shariah compliant.

Can a Consumer Goods stock's halal status change?

Yes. Shariah compliance status can change every quarter when companies release new financial data. Changes in debt levels, cash holdings, or revenue composition can push a stock above or below the AAOIFI thresholds. Halalytic uses the latest available financial data so you always see the current compliance status. We recommend checking compliance regularly, especially after earnings reports.

Do I need to pay zakat on Consumer Goods stocks?

Yes. If you hold stocks for investment (not just for day trading), you must pay zakat of 2.5% on the market value of your holdings once they exceed the nisab threshold and have been held for one full lunar year (hawl). Use the Halalytic Zakat Calculator to determine your exact zakat obligation on stock holdings.

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Good to know: Compliance status can change as new company data becomes available. For important decisions, we recommend checking the current data and confirming the result with a qualified Shariah adviser.

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