ADYEY
Adidas AG
Is ADYEY Halal?
Athletic apparel — permissible consumer goods.
What You Should Know
Adidas makes sports shoes, clothing, and equipment. Its official Q1 2026 publication reports €20,454 million of assets, €2,997 million of borrowings, €1,494 million of cash plus identified current financial assets, €3,492 million of receivables, and €6,592 million of net sales. The known total-assets ratios pass the examined MSCI and Malaysia methods; the FTSE income test remains methodology-dependent because financial income is aggregated.
⚠️ Concerns
- •Sports and cultural sponsorship concerns
- •Product materials, labor, marketing, and environmental impacts
- •Aggregated financial income does not provide a standalone purification numerator
Current quantitative Sharia screen
Based on Q1 results figures for the period ended 2026-03-31; calculated 2026-07-14.
2,997 / 20,454
1,494 / 20,454
4,365 / 20,454
- Financial
- Incomplete
- Overall
- Incomplete
Debt/assets is 14.65%, liquidity/assets is 7.30%, and receivables plus cash/assets is 21.34%; known ratios pass, but the publication does not provide the FTSE income numerator.
- Financial
- Pass
- Overall
- Pass
Debt/assets, liquidity/assets, and receivables plus cash/assets are below the examined MSCI total-assets limits.
- Financial
- Pass
- Overall
- Pass
Debt/assets and liquidity/assets are below the examined 33% limits; this is not an official SAC classification.
- Financial
- Not calculated
- Overall
- Not calculated
A licensed, reproducible 24- or 36-month market-cap history is not stored.
Business-activity disclosure
adidas primarily sells athletic footwear, apparel, and accessories, which are generally permissible consumer goods.
Limitation: The publication does not classify every sponsorship, licensing, event, or downstream use; those issues remain qualitative.
Purification
Financial income is reported in aggregate, so ZakatInvest does not invent a standalone purification numerator.
Inputs, assumptions and primary sources
- Amounts are EUR millions from adidas' official Q1 2026 results publication for March 31, 2026.
- Borrowings include short-term borrowings of 1,005 and long-term borrowings of 1,992; lease liabilities are excluded from the debt input.
- Liquidity includes cash and cash equivalents of 873 and other current financial assets of 621.
- Accounts receivable are 3,492 and Q1 net sales are 6,592.
- Financial income is reported as a net line and does not provide a standalone non-compliant income numerator; the ADR ticker is a foreign issuer and the issuer publication is used as the primary filing source.
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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