DIS

The Walt Disney Co.

HARAM — FINANCIAL SCREENS PASSstock

Is DIS Halal?

Current financial screens pass, but ZakatInvest's qualitative classification remains haram because mature content, sportsbook integration, and alcohol sales are embedded in major operating businesses.

What You Should Know

Disney's March 2026 total-assets financial ratios pass the examined methods. Its Entertainment, Sports and Experiences businesses include large amounts of ordinary permissible activity, but official sources also document mature-rated Hulu content, ESPN sportsbook and odds-provider integration, and alcohol sales at Walt Disney World. Disney does not disclose the revenue attributable to those screened activities, so the quantitative business test remains incomplete. The HARAM label is ZakatInvest's preserved qualitative judgment, not a claim of universal provider consensus or a calculated 5% failure.

⚠️ Concerns

  • Hulu offers TV-MA content that can include explicit sexual activity, crude language, or graphic violence
  • ESPN integrates DraftKings as its official sportsbook and odds provider
  • Walt Disney World sells alcoholic beverages
  • Screened content, betting-related, and alcohol revenue is not separately disclosed
  • Labor, animal welfare, data and advertising, environmental, cruise, supply-chain, and child-marketing concerns require review

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-28; calculated 2026-07-12.

USD · millions
Interest-bearing debt / assets
23.08%Within limit
Below 33.333% under FTSE Yasaar

47,358 / 205,217

Cash + interest-bearing securities / assets
6.86%Within limit
Below 33.333% under FTSE Yasaar

14,079 / 205,217

Receivables + cash / assets
9.78%Within limit
Below 50% under FTSE Yasaar

20,072 / 205,217

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

233 / 25,168

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

Debt is 23.08%, the deliberately overinclusive liquidity bound is 6.86%, receivables plus cash is 9.78%, and the mixed-income upper bound is 0.93%, all within the examined limits. The screened business-revenue percentage remains undisclosed.

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

Debt and conservative upper bounds for liquidity and receivables plus cash are below the total-assets limits. The business-activity result remains incomplete.

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

Debt and the deliberately conservative liquidity bound are below 33% of total assets, while a screened business-revenue percentage is unavailable. This is a calculation against the SAC ratios, not an official SAC classification of a U.S.-listed security.

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 yet stored, so these methods are not estimated from a current spot price.

Business-activity disclosure

Disney produces and distributes entertainment and sports content and operates parks, resorts, cruises, consumer-products licensing and related businesses. Much of this activity is permissible in isolation, while mature-rated content, sportsbook promotion and odds integration, and alcohol sales create material prohibited-activity concerns.

Limitation: The filing does not isolate revenue from mature-rated programming, sexual or otherwise impermissible content, sportsbook promotion and integrations, alcohol, or other screened activities. Segment totals cannot be treated as prohibited revenue, so the applicable business-revenue percentage remains unproven.

Purification

The 233 mixed interest, investment and other income line is a conservative 0.93% upper bound, not a disclosed interest figure. Potentially prohibited operating revenue is also unsegmented, so this record does not prescribe a fixed purification percentage.

Inputs, assumptions and primary sources
  • Interest-bearing debt is the sum of 8,887 of current borrowings and 38,471 of long-term borrowings, reconciling to the filing's 47,358 borrowing total.
  • Cash and cash equivalents use the reported 5,682 balance.
  • The entire 8,397 investments balance is treated as interest-bearing securities for a deliberately conservative liquidity upper bound, even though the line includes equity-method and other non-debt investments.
  • Receivables use the reported current net balance of 14,390.
  • Revenue and the 233 interest income, investment income and other aggregate use the same quarter ended March 28, 2026. The entire mixed income line is treated as a conservative non-compliant-income upper bound.
  • Disney reports Entertainment, Sports and Experiences revenue, but not revenue from mature content, sportsbook promotion or odds integration, alcohol, or other Sharia-screened subcategories.

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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