ACI

Albertsons Companies Inc.

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Is ACI Halal?

Grocery core is generally permissible, but debt/assets is above the examined financial limits and product-category revenue is not separately disclosed.

What You Should Know

Albertsons operates grocery banners including Albertsons, Safeway and Vons, alongside pharmacies and fuel centers. Its February 28, 2026 filing reports debt/assets of 33.43%, cash plus interest-bearing securities/assets of 0.74%, and receivables plus cash/assets of 4.23%. Alcohol and pork are present in the assortment, but the filing does not quantify prohibited-category revenue; net interest expense is disclosed while gross interest income is unavailable.

⚠️ Concerns

  • Debt/assets is 33.43% and exceeds the examined FTSE, MSCI and Malaysia total-assets limits
  • Alcohol and pork products are sold, but the filing does not quantify their consolidated revenue share
  • Tobacco, lottery and fuel activity varies by store and requires qualitative review
  • Net interest expense is $504.2 million while gross interest income is unavailable

Current quantitative Sharia screen

Based on 10-K figures for the period ended 2026-02-28; calculated 2026-07-13.

USD · millions
Interest-bearing debt / assets
33.43%Above limit
Below 33.333% under FTSE Yasaar

8,946.6 / 26,765.9

Cash + interest-bearing securities / assets
0.74%Within limit
Below 33.333% under FTSE Yasaar

198.6 / 26,765.9

Receivables + cash / assets
4.23%Within limit
Below 50% under FTSE Yasaar

1,131.2 / 26,765.9

FTSE Yasaar
v4.6, February 2026
Financial
Fails
Overall
Fails

Debt is 33.43%, above the examined 33.333% FTSE asset limit. Liquidity is 0.74% and receivables plus cash are 4.23%; gross interest income and prohibited-category revenue are unavailable.

MSCI Islamic (total-assets series)
October 2024 methodology
Financial
Fails
Overall
Fails

Debt is 33.43%, above the examined MSCI total-assets limit; liquidity is 0.74% and receivables plus cash are 4.23%. This is a calculation against the named method, not an index-membership claim.

Malaysia SAC financial ratios
single 5% activity benchmark adopted November 2025
Financial
Fails
Overall
Fails

Debt is 33.43%, above the examined 33% Malaysia SAC financial limit; liquidity is 0.74%. This is a calculation against SAC ratios, not an official classification of a U.S.-listed security.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
Financial
Not calculated
Overall
Not calculated

A properly licensed and reproducible historical market-cap series is not stored, so these methods are not estimated from a current spot price.

Business-activity disclosure

Albertsons is primarily a grocery retailer, with pharmacies, fuel centers, delivery and private-label products. Grocery, pharmacy and household retail are generally permissible, while alcohol, pork, tobacco, lottery and other product-level activity require scholar-specific treatment.

Limitation: The official filing describes categories and operations but does not quantify every prohibited product category as a percentage of consolidated revenue; no unsupported alcohol or pork revenue estimate is used.

Purification

Albertsons does not separately disclose gross interest income or prohibited-category revenue and does not prescribe a scholar-approved purification percentage. No fixed estimate is made here; readers should follow the scholar or methodology they use.

Inputs, assumptions and primary sources
  • Debt uses $8.9466 billion of total debt including notes, ABL borrowings, finance leases and other financing obligations at February 28, 2026. Operating lease liabilities are not entered as conventional debt.
  • Cash uses $198.6 million of cash and cash equivalents. Restricted cash of $4.4 million is excluded; card-transaction deposits included in cash are not treated as separately disclosed securities.
  • Receivables use $932.6 million of net receivables. Revenue uses $83.1725 billion of net sales and other revenue for fiscal 2025.
  • Albertsons reports $504.2 million of net interest expense and $44.4 million of other income, but does not separately disclose gross interest income. The income screen is therefore unavailable rather than estimated from net expense.
  • Albertsons sells a broad grocery assortment with pharmacy and fuel operations. The filing does not quantify alcohol, pork, tobacco or lottery revenue into a universal prohibited-revenue numerator, so the business screen remains qualitative and incomplete.

This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.

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