DKS
Dick's Sporting Goods, Inc.
Is DKS Halal?
Sporting-goods, athletic-apparel and outdoor retail are generally permissible, and DICK'S current asset-based financial ratios pass; category and end-use allocation remains incomplete.
What You Should Know
DICK'S Sporting Goods' May 2, 2026 Form 10-Q reports $17,832.944 million of total assets, $1,905.810 million of long-term debt and financing lease obligations, $998.228 million of cash, $466.521 million of net accounts receivable and $5,164.504 million of quarterly revenue. Those inputs produce debt/assets of 10.69%, liquidity of 5.60%, receivables plus cash/assets of 8.21% and disclosed interest income/revenue of 0.17%, so the examined asset-based financial screens pass. Sporting-goods, athletic-apparel, footwear, golf, outdoor and youth-sports services are generally permissible, but the filing does not allocate a universal prohibited-revenue numerator for firearms, ammunition, customer end use or licensed merchandise. This is a current ZakatInvest calculation, not an index-membership claim.
⚠️ Concerns
- •Debt/assets of 10.69%, liquidity of 5.60%, receivables plus cash/assets of 8.21% and disclosed interest income of 0.17% pass the examined financial limits, but the Foot Locker acquisition changes the consolidated perimeter
- •Firearms and ammunition exposure has been reduced from the historical Field & Stream assortment; current category mix should be verified rather than assumed to be zero
- •DICK'S operates sporting-goods, apparel, footwear, golf, camping, fishing, hunting and experiential-retail banners, and the filing does not quantify a product-level prohibited-revenue numerator
- •Foot Locker, Kids Foot Locker, Champs Sports, WSS and atmos were included for the full quarter after the September 2025 acquisition; period-over-period comparisons require care
- •GameChanger's youth-sports streaming and communications platform raises privacy, child-safety, content and moderation diligence topics
- •Market-cap denominator methods are not calculated without a licensed historical market-cap series
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-05-02; calculated 2026-07-13.
1,905.81 / 17,832.944
998.228 / 17,832.944
1,464.749 / 17,832.944
8.7 / 5,164.504
- Financial
- Pass
- Overall
- Incomplete
Debt is 10.69%, liquidity is 5.60%, receivables plus cash are 8.21% and disclosed interest income is 0.17%; the examined financial ratios pass, while screened business revenue remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt, liquidity and receivables plus cash pass the examined MSCI total-assets limits; the sporting-goods category and product mix remain incompletely allocated. This is a calculation against the named method, not an index-membership claim.
- Financial
- Pass
- Overall
- Incomplete
Debt is 10.69%, liquidity is 5.60% and disclosed interest income is 0.17%; business-category allocation remains incomplete. This is a calculation against SAC ratios, not an official classification of a U.S.-listed security.
- Financial
- Not calculated
- Overall
- Not calculated
A properly licensed and reproducible historical market-cap series is not stored, so these methods are not estimated from a current spot price.
Business-activity disclosure
DICK'S Sporting Goods operates sporting-goods, athletic-apparel, footwear, golf, outdoor and experiential retail banners, digital platforms and the GameChanger youth-sports platform. The company also includes the acquired Foot Locker, Kids Foot Locker, Champs Sports, WSS and atmos banners. General sporting-goods and athletic-retail activities are generally permissible at the issuer level.
Limitation: The filing reports broad retail categories and banners but does not provide a universal prohibited-revenue numerator by firearms, ammunition, hunting, licensed merchandise, customer use or product end use. No unsupported corporate percentage is estimated.
Purification
Disclosed interest income is 0.17% of quarterly revenue and passes the examined income limit, but no universal prohibited-revenue numerator or fixed scholar-approved purification percentage is asserted.
Inputs, assumptions and primary sources
- Inputs use DICK'S Sporting Goods' 13-week first-quarter fiscal 2026 Form 10-Q for the period ended May 2, 2026; amounts are USD millions.
- Assets use reported total assets of $17,832.944 million. Cash and cash equivalents were $998.228 million and net accounts receivable were $466.521 million.
- Debt uses $1,905.810 million of long-term debt and financing lease obligations. Revolving credit borrowings were zero; operating lease liabilities are not silently added as conventional debt.
- No separately disclosed interest-bearing security balance is entered for this specialty retailer. Cash equivalents are not double-counted as securities.
- Quarterly revenue was $5,164.504 million. The filing separately discloses $8.7 million of interest income in the interest-expense discussion, which is entered as disclosed income.
- The filing does not allocate a reproducible prohibited-revenue numerator by sporting-goods category, firearms, ammunition, customer, licensed merchandise or downstream use. No unsupported haram-revenue percentage is asserted.
- Foot Locker was acquired on September 8, 2025 and its results are included for the full 13-week period in this quarter; the acquisition materially changes comparability with prior periods.
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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