AMCR
Amcor plc
Is AMCR Halal?
Global packaging maker — a permissible manufacturing business, with debt and indirect end-use to screen.
What You Should Know
Amcor plc produces flexible and rigid packaging for food, beverage, healthcare, personal-care and other products. Its March 31, 2026 Form 10-Q reports assets of $37,582 million, interest-bearing debt of $15,853 million, cash of $1,587 million and trade receivables of $3,513 million. Debt/assets is 42.18%, liquidity/assets is 4.22% and receivables-plus-cash/assets is 13.58%; the debt screen fails. Interest income is $17 million (0.29% of quarterly net sales), while the Berry combination and indirect beverage end use remain qualitative.
⚠️ Concerns
- •Debt/assets is 42.18%, above examined 33% limits
- •Berry combination materially changed leverage and customer mix
- •Some packaging may be sold to beverage customers that include alcohol producers; this is an indirect end-use question
- •Interest income of $17 million is disclosed; no scholar-approved purification percentage is asserted
- •Re-screen the financial ratios periodically
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
15,853 / 37,582
1,587 / 37,582
5,100 / 37,582
17 / 5,914
- Financial
- Fails
- Overall
- Fails
Debt/assets is 42.18%, above the examined 33.333% limit; packaging activity remains qualitative.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 42.18%, above the examined MSCI limit; the asset-based screen fails.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 42.18%, above the examined Malaysia limit; this is not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A properly licensed and reproducible historical market-cap series is not stored; the debt screen already fails.
Business-activity disclosure
Amcor manufactures flexible and rigid packaging for food, beverage, healthcare, personal-care and other products. Packaging is generally permissible, while indirect customer end use and the Berry combination require qualitative review.
Limitation: The filing does not allocate revenue by downstream end use or provide a universal prohibited-revenue numerator.
Purification
Interest income of $17 million (0.29% of quarterly net sales) is disclosed for transparency; no scholar-approved purification percentage is asserted.
Inputs, assumptions and primary sources
- Amounts are USD millions from Amcor's March 31, 2026 Form 10-Q.
- Debt combines current long-term debt of $561 million, short-term debt of $92 million and long-term debt less current portion of $15,200 million.
- Cash is $1,587 million; the filing does not identify a separate interest-bearing securities balance in the primary balance sheet.
- Trade receivables, net are $3,513 million.
- Interest income is $17 million (0.29% of quarterly net sales); the Berry combination materially changed the balance sheet and customer mix.
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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