FDP

Fresh Del Monte Produce

HALAL — METHODS DIFFERstock

Is FDP Halal?

Fresh Del Monte's current quarter passes the known asset-based ratios, but acquisition financing, prepared foods and ingredient/sourcing questions keep the result methodology-dependent.

What You Should Know

Fresh Del Monte's March 27, 2026 Form 10-Q reports USD 3,402.4 million of assets, USD 628.9 million of conservative debt and leases, USD 66.3 million of cash, USD 531.0 million of receivables and USD 1,044.1 million of quarterly net sales. Debt/assets is 18.48%, liquidity/assets is 1.95%, receivables-plus-cash/assets is 17.55% and disclosed interest income is 0.03% of quarterly sales. Debt increased materially to fund the March 2026 acquisition of select Del Monte Foods assets.

⚠️ Concerns

  • Prepared foods and poultry/meat activity require product and sourcing review
  • Ingredient-level halal status and slaughter/sourcing details are not consolidated into a numerator
  • Debt increased materially after the Del Monte Foods acquisition
  • Agricultural labor, water, land, climate, shipping and food-safety impacts require review

Current quantitative Sharia screen

Based on Quarterly Report on Form 10-Q figures for the period ended 2026-03-27; calculated 2026-07-15.

USD · millions
Interest-bearing debt / assets
18.48%Within limit
Below 33.333% under FTSE Yasaar

628.9 / 3,402.4

Cash + interest-bearing securities / assets
1.95%Within limit
Below 33.333% under FTSE Yasaar

66.3 / 3,402.4

Receivables + cash / assets
17.56%Within limit
Below 50% under FTSE Yasaar

597.3 / 3,402.4

Non-compliant income / revenue
0.03%Within limit
No more than 5% under FTSE Yasaar

0.3 / 1,044.1

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

Debt/assets is 18.48%, liquidity/assets is 1.95%, receivables-plus-cash/assets is 17.55% and interest income is 0.03%; business activity remains incomplete.

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

The examined debt, liquidity and receivables ratios pass; activity and product-level screening remain incomplete.

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

The examined debt and liquidity ratios pass; this is an illustrative calculation, not an official classification.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
Financial
Not calculated
Overall
Not calculated

A licensed historical market-cap series is not stored, so market-cap denominator methods are not calculated.

Business-activity disclosure

Fresh Del Monte produces and distributes fresh fruit, vegetables, prepared foods, bananas and related services. Food production is generally permissible, while prepared-food ingredients, poultry/meat sourcing, customer mix and financing require qualitative review.

Limitation: The quarterly filing does not provide a complete prohibited-revenue numerator for ingredients, alcohol-containing products, poultry/meat sourcing or other downstream categories.

Purification

Interest income is disclosed, but no scholar-approved purification percentage is inferred; the quarter also includes mixed equity-method and financing items.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Fresh Del Monte's unaudited consolidated Q1 2026 Form 10-Q.
  • Debt includes current and long-term debt/finance leases plus current and non-current operating leases as a conservative financing proxy.
  • Trade accounts receivable of USD 434.3 million and other accounts receivable of USD 96.7 million total USD 531.0 million; equity-method investments are not counted as interest-bearing securities.
  • Quarterly net sales are USD 1,044.1 million; disclosed interest income is USD 0.3 million. The Del Monte Foods acquisition closed March 19, 2026 and materially increased debt.

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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