CAG
Conagra Brands, Inc.
Is CAG Halal?
Packaged food is generally permissible, but the latest filing-backed asset screen fails and the portfolio has material pork and non-halal meat exposure.
What You Should Know
Conagra's February 22, 2026 Form 10-Q reports $19,212.3M of assets, $7,332.4M of interest-bearing debt, $55.1M of cash, $757.0M of receivables and $2,787.8M of quarterly sales. Debt/assets is 38.17%, above the examined asset-based limits; disclosed interest income is $0.5M. The filing does not provide a universal prohibited-food revenue numerator, so the qualitative pork, non-halal meat and ingredient questions remain separate.
⚠️ Concerns
- •Debt/assets is 38.17%, above the examined FTSE Yasaar, MSCI and Malaysia SAC limits
- •Portfolio includes pork and non-halal meat products
- •Some sauces or cooking products may use alcohol as an ingredient
- •The filing does not provide a universal prohibited-revenue numerator
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-02-22; calculated 2026-07-13.
7,332.4 / 19,212.3
55.1 / 19,212.3
812.1 / 19,212.3
0.5 / 2,787.8
- Financial
- Fails
- Overall
- Fails
Debt/assets is 38.17%, above the 33.333% limit; liquidity/assets is 0.29% and receivables plus cash/assets is 4.23%.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 38.17%, above the examined 33.33% limit; liquidity and receivables-plus-cash remain below their limits.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 38.17%, above the examined Malaysia SAC limit; liquidity/assets is below its limit.
- Financial
- Not calculated
- Overall
- Fails
No licensed historical market-cap series is stored; the asset-based screens fail on debt/assets.
Business-activity disclosure
Conagra sells packaged foods across frozen meals, snacks, groceries and foodservice. General food manufacturing is permissible, but brands and products include pork and non-halal meat exposure that strict boards may treat as a binding qualitative concern.
Limitation: The filing does not allocate revenue into a universal prohibited-food numerator, so no percentage is invented.
Purification
The filing discloses $0.5 million of interest income; ZakatInvest does not prescribe a fixed scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from Conagra's February 22, 2026 Form 10-Q.
- Debt includes notes payable, current long-term debt and senior long-term debt; receivables are reported trade receivables.
- Quarterly net sales were $2,787.8 million and disclosed interest income was $0.5 million.
- Conagra's packaged-food portfolio includes pork and non-halal meat products; the filing does not provide a universal prohibited-revenue numerator.
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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