CPB

Campbell Soup Co.

DOUBTFUL — SCREEN DOES NOT PASSstock

Is CPB Halal?

Food company — soups and snacks require product-level review.

What You Should Know

Campbell's May 3, 2026 filing shows debt/assets 46.30%, above the examined 33% financial limits. Product-level non-halal meat and ingredient revenue is not separately disclosed.

⚠️ Concerns

  • Debt screen fails
  • Non-halal meat and ingredients
  • No consolidated halal certification numerator

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-05-03; calculated 2026-07-14.

USD · millions
Interest-bearing debt / assets
46.30%Above limit
Below 33.333% under FTSE Yasaar

7,010 / 15,142

Cash + interest-bearing securities / assets
2.65%Within limit
Below 33.333% under FTSE Yasaar

402 / 15,142

Receivables + cash / assets
6.30%Within limit
Below 50% under FTSE Yasaar

954 / 15,142

Non-compliant income / revenue
0.13%Within limit
No more than 5% under FTSE Yasaar

3 / 2,366

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

Debt is 46.30% of total assets, above the examined 33.333% limit. The disclosed interest-income ratio is 0.13%; business details remain incomplete.

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

Debt is 46.30% of total assets, above the examined 33.33% limit. This is not an index-membership claim.

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

Debt is 46.30% of total assets, above the examined 33% limit. This is a calculation against SAC ratios, not an official classification.

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 24- or 36-month issuer market-cap history is not stored, so market-cap methods are not estimated from a current spot price.

Business-activity disclosure

The Campbell's Company makes packaged meals, beverages and snacks. Food manufacturing can include permissible products, but the filing does not quantify non-halal meat, alcohol-containing or other product categories at a level that supports a universal business pass.

Limitation: Segment and category sales do not provide a reproducible prohibited-revenue numerator for a chosen scholar's screen.

Purification

Interest income is disclosed at 0.13% of quarterly net sales, but product-level screened revenue remains unavailable and no universal purification amount is inferred.

Inputs, assumptions and primary sources
  • Debt uses the reported $7,010 million carrying value of short-term borrowings and long-term debt.
  • Cash is $402 million and accounts receivable is $552 million at May 3, 2026.
  • Quarterly net sales are $2,366 million and interest income is $3 million.
  • The filing reports Meals & Beverages and Snacks, but does not separately quantify pork, non-halal meat, alcohol or product-level certification revenue.

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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