CPRI
Capri Holdings Limited
Is CPRI Halal?
Luxury fashion group (Michael Kors, Jimmy Choo) — selling apparel and accessories is permissible, but leverage plus luxury-branding considerations keep the verdict doubtful.
What You Should Know
Capri Holdings Limited is a luxury fashion group that owns Michael Kors and Jimmy Choo after the December 2025 sale of Versace to Prada, and designs and sells apparel, handbags, footwear and accessories. Selling clothing and accessories is generally permissible at the activity level, but luxury-fashion marketing and imagery remain qualitative. Its March 28, 2026 Form 10-K reports $3,234 million of assets, $357 million of short- and long-term debt, $135 million of cash, $211 million of receivables and $3,474 million of fiscal-year revenue. Debt/assets is 11.04%, liquidity/assets is 4.17% and receivables-plus-cash/assets is 10.70%; all known asset-based financial ratios pass. The filing reports $77 million of net interest income, but that includes net investment-hedge effects and is not used as a gross non-compliant-income numerator.
⚠️ Concerns
- •Debt/assets is 11.04% ($357 million / $3,234 million) after the Versace-sale deleveraging
- •Cash/assets is 4.17% and receivables-plus-cash/assets is 10.70%, below the displayed limits
- •Luxury-fashion marketing, imagery and product presentation can be weighed differently by scholars and are not quantified
- •The $77 million reported net interest income includes net investment-hedge effects; gross interest income is not isolated
- •Re-screen after a newer filing, brand transaction or material debt change
Current quantitative Sharia screen
Based on 10-K figures for the period ended 2026-03-28; calculated 2026-07-15.
357 / 3,234
135 / 3,234
346 / 3,234
- Financial
- Incomplete
- Overall
- Incomplete
Debt/assets is 11.04%, liquidity/assets is 4.17% and receivables plus cash/assets is 10.70%; known ratios pass, but the gross non-compliant-income numerator is unavailable.
- Financial
- Pass
- Overall
- Incomplete
Known debt, liquidity and receivables-plus-cash ratios pass the examined total-assets limits; gross non-compliant income is not a stored MSCI ratio input and luxury-branding treatment remains unclassified.
- Financial
- Pass
- Overall
- Incomplete
Known financial ratios pass the examined limits; this is not an official SAC classification, gross income treatment remains incomplete and product presentation remains qualitative.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored and qualitative activity treatment remains incomplete.
Business-activity disclosure
Capri owns Michael Kors and Jimmy Choo and sells apparel, handbags, footwear and accessories after the Versace sale. Clothing and accessories are generally permissible at the activity level, while luxury-fashion imagery, product presentation, licensing and brand promotion require qualitative review.
Limitation: The filing does not quantify a universal prohibited-activity numerator for luxury branding, imagery, licensing, product presentation or net investment-hedge income.
Purification
The filing reports $77 million of net interest income, but its hedge components prevent a reproducible gross non-compliant-income calculation; no fixed purification percentage is inferred.
Inputs, assumptions and primary sources
- Amounts are USD millions from Capri's March 28, 2026 Form 10-K.
- Debt combines $14 million of short-term debt and $343 million of long-term debt; operating leases are excluded.
- Cash and cash equivalents are $135 million; no separate interest-bearing securities balance is identified.
- Receivables, net are $211 million and fiscal-year total revenue is $3,474 million.
- The filing reports $77 million of net interest income, primarily including net investment-hedge effects; it is not substituted for a gross non-compliant-income numerator.
- Versace was sold to Prada in December 2025 and is presented as discontinued operations where applicable.
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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