CAVA

CAVA Group Inc.

HALAL — DATA INCOMPLETEstock

Is CAVA Halal?

Mediterranean fast-casual restaurant chain with generally halal-friendly menu.

What You Should Know

CAVA operates Mediterranean restaurants. Many menu items align with halal dietary principles, though not all locations are halal-certified. The April 19, 2026 filing shows 0.00% debt/assets, 28.32% liquidity/assets, 22.24% receivables-plus-cash/assets and 0.93% disclosed interest income/revenue; activity allocation remains incomplete.

⚠️ Concerns

  • Not all locations halal-certified
  • Moderate debt levels
  • Some menu items may contain alcohol
  • Menu-level activity allocation is not separately disclosed

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-04-19; calculated 2026-07-15.

USD · millions
Interest-bearing debt / assets
0.00%Within limit
Below 33.333% under FTSE Yasaar

0 / 1,422.934

Cash + interest-bearing securities / assets
28.32%Within limit
Below 33.333% under FTSE Yasaar

402.96 / 1,422.934

Receivables + cash / assets
22.24%Within limit
Below 50% under FTSE Yasaar

316.472 / 1,422.934

Non-compliant income / revenue
0.93%Within limit
No more than 5% under FTSE Yasaar

4.082 / 438.27

FTSE Yasaar
v4.6, February 2026
Financial
Pass
Overall
Incomplete

Debt/assets is 0.00%, liquidity/assets is 28.32%, receivables-plus-cash/assets is 22.24% and disclosed interest income is 0.93%; examined financial ratios pass, but activity allocation remains incomplete.

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

Debt, liquidity and receivables-plus-cash are below the examined total-assets limits; restaurant activity remains incompletely allocated. This is not an index-membership claim.

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

Debt/assets and identifiable conventional liquidity are below the examined Malaysia limits; activity allocation remains incomplete.

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

A properly licensed and reproducible historical market-cap series is not stored.

Business-activity disclosure

CAVA operates Mediterranean fast-casual restaurants and packaged-goods channels. The retained qualitative analysis views much of the menu as halal-friendly, but locations are not universally halal-certified and menu-level revenue is not screened by a universal numerator.

Limitation: No universal prohibited-revenue allocation is inferred from restaurant, menu, licensing or packaged-goods disclosures.

Purification

Disclosed net interest income is 0.93% of sixteen-week revenue, but no scholar-approved purification percentage is asserted for restaurant revenue.

Inputs, assumptions and primary sources
  • Amounts are USD millions from CAVA Group's April 19, 2026 Form 10-Q.
  • No conventional debt is reported; the $107.189 million fair-value investment balance is treated as identifiable interest-bearing securities. Operating lease liabilities are excluded from conventional debt.
  • Accounts receivable combines trade receivables of $10.752 million and other receivables of $9.949 million. Sixteen-week revenue is $438.270 million and disclosed net interest income is $4.082 million.
  • The filing does not provide a scholar-universal prohibited-revenue numerator for menu ingredients, alcohol or non-certified meat.

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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