CROX
Crocs Inc.
Is CROX Halal?
Casual footwear manufacturer with strong Sharia compliance.
What You Should Know
Crocs designs and distributes casual footwear and accessories. Its March 31, 2026 Form 10-Q reports $4,343.414 million of assets, $1,748.623 million of debt including operating leases, $130.881 million of cash, $442.320 million of receivables and $921.457 million of quarterly revenue. Debt/assets is 40.26%, above the examined 33% limits; liquidity/assets is 3.01%, receivables-plus-cash/assets is 13.20% and disclosed investment income is 0.04% of revenue. Footwear is generally permissible, but product materials and customer allocation remain qualitative.
⚠️ Concerns
- •Debt/assets exceeds the examined 33% limits
- •HEYDUDE acquisition and lease leverage
- •Product materials and sourcing
- •Disclosed investment income
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
1,748.623 / 4,343.414
130.881 / 4,343.414
573.201 / 4,343.414
0.335 / 921.457
- Financial
- Fails
- Overall
- Fails
Debt/assets is 40.26%, above the examined 33.333% limit; liquidity/assets is 3.01%, receivables-plus-cash/assets is 13.20% and disclosed investment income is 0.04%.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 40.26%, above the examined 33.33% limit; liquidity and receivables-plus-cash remain below the examined limits.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 40.26%, above the examined Malaysia 33% limit; liquidity/assets is 3.01%. This calculation is not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A properly licensed and reproducible historical market-cap series is not stored; filing-based asset ratios remain documented.
Business-activity disclosure
Crocs designs and distributes casual footwear and accessories through the Crocs and HEYDUDE brands. The core footwear business is generally permissible, while product-material, licensing and customer allocation requires qualitative review.
Limitation: The filing does not provide a universal prohibited-activity numerator across products, licenses and customers.
Purification
Crocs discloses $0.335 million of investment income but does not provide a scholar-approved purification percentage or complete prohibited-activity numerator.
Inputs, assumptions and primary sources
- Amounts are USD millions from Crocs' March 31, 2026 Form 10-Q.
- Interest-bearing debt is $1,359.000 million of debt plus $389.623 million of operating-lease liabilities; current and noncurrent debt are included in the debt total.
- Cash and cash equivalents are $130.881 million and accounts receivable, net are $442.320 million; no separate interest-bearing securities line is reported.
- Quarterly revenue is $921.457 million and disclosed investment income is $0.335 million, or 0.04% of revenue.
- Footwear and accessories are generally permissible, but product-material, licensing and customer allocation are not reduced to 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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