DPZ

Domino's Pizza, Inc.

DOUBTFUL — SCREEN DOES NOT PASSstock

Is DPZ Halal?

Global pizza chain with core pork and non-halal meat products; current financial screen also fails on debt/assets.

What You Should Know

Domino's March 22, 2026 Form 10-Q reports $1,844.488 million of assets, $4,883.533 million of interest-bearing debt, $232.922 million of cash and $306.098 million of receivables. Debt/assets is 264.89%; cash/assets is 12.63%; receivables-plus-cash/assets is 29.23%; disclosed interest income/revenue is 0.22%. The global franchise and supply-chain model remains materially connected to pork toppings and non-halal meat in major markets. The prohibited-revenue proxy is deliberately conservative and does not claim that every dollar has identical legal treatment.

⚠️ Concerns

  • Pork toppings (pepperoni, bacon, sausage and ham) are core menu items
  • Cheese and meat are not universally halal-certified
  • Interest-bearing debt/assets is 264.89% on the current filing
  • Franchise royalty and supply-chain revenue follows the global product mix

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-22; calculated 2026-07-14.

USD · millions
Interest-bearing debt / assets
264.76%Above limit
Below 33.333% under FTSE Yasaar

4,883.533 / 1,844.488

Cash + interest-bearing securities / assets
12.63%Within limit
Below 33.333% under FTSE Yasaar

232.922 / 1,844.488

Receivables + cash / assets
29.22%Within limit
Below 50% under FTSE Yasaar

539.02 / 1,844.488

Non-compliant income / revenue (upper bound)
0.22%Within limit
No more than 5% under FTSE Yasaar

2.502 / 1,150.594

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

Debt/assets is 264.89%, while cash/assets is 12.63%, receivables plus cash/assets is 29.23% and interest income/revenue is 0.22%; the debt test fails by a wide margin and the business screen independently fails.

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

Debt/assets is 264.89%, above the examined total-assets limit; the core menu and franchise model also fail the business-activity screen. This is not an index-membership claim.

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

Debt/assets is 264.89%, above the examined Malaysia SAC financial limit; the calculation is contextual and not an official 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
Fails

A licensed reproducible historical market-cap series is not stored, and a different denominator cannot cure the independently failed core business screen.

Business-activity disclosure

Domino's is a global pizza franchisor and supply-chain operator. Its major-market menus include pork toppings and non-halal meat, so the core royalty and supply-chain model is materially connected to prohibited food sales under the mainstream screening view.

Limitation: The filing reports segment revenue but does not split revenue by ingredient, country or school-specific Sharia classification. The core product mix is nevertheless clear enough for a conservative business-screen failure.

Purification

Purification is not calculated because the issuer fails the core business-activity screen. The disclosed 2.502 million of interest income is shown as an input, not as a percentage that can cure the failed business screen.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Domino's March 22, 2026 Form 10-Q.
  • Debt uses current debt of 7.411 plus approximately 4,876.122 of long-term debt; leases are excluded.
  • Cash uses unrestricted cash and cash equivalents; restricted cash is not added to freely available cash.
  • Accounts receivable are 306.098. Quarterly revenue is 1,150.594 and disclosed interest income is 2.502.
  • Because pork toppings and non-halal meat are core menu products in major markets, total revenue is used as a conservative upper-bound prohibited-revenue proxy; this is not a claim that every dollar has the same legal treatment.
  • The filing does not provide a reproducible market-cap denominator history.

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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