HAS
Hasbro, Inc.
Is HAS Halal?
Toys and general board games are generally permissible, but trading-card mechanics, digital-game monetization, entertainment licensing and current leverage create school-specific Sharia concerns.
What You Should Know
Hasbro's first-quarter 2026 Form 10-Q reports $5,930.3 million of assets, $3,612.1 million of long-term borrowings at carrying cost, $857.1 million of cash, $528.6 million of available-for-sale securities and $712.6 million of net receivables. That produces debt/assets of 60.91%, cash plus securities/assets of 23.37%, and receivables plus cash/assets of 26.47%. Disclosed interest income is $10.1 million against $1,000.2 million of quarterly revenue (1.01%). The examined FTSE Yasaar, MSCI total-assets and Malaysia SAC calculations fail on debt; market-cap methods are not calculated. Toys and general board games are generally permissible at the activity level, while random booster packs, digital-game monetization, fantasy content and entertainment licensing require qualitative review.
⚠️ Concerns
- •Borrowings are 60.91% of assets, above the examined asset-based financial limits
- •Magic: The Gathering random booster-pack economics and tournament structures may be viewed as gambling-adjacent under stricter interpretations
- •Dungeons & Dragons fantasy magic and supernatural themes may be assessed differently by scholars; this is a content-level concern
- •Digital-game in-app purchases and random-reward mechanics require title-level review rather than an unsupported company-wide percentage
- •Hasbro Entertainment and brand licensing create downstream content questions after the eOne divestiture
- •The filing discloses interest income but does not prescribe a scholar-approved purification percentage
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-29; calculated 2026-07-13.
3,612.1 / 5,930.3
1,385.7 / 5,930.3
1,569.7 / 5,930.3
10.1 / 1,000.2
- Financial
- Fails
- Overall
- Fails
Debt is 60.91%, above the examined 33.333% FTSE asset limit. Liquidity is 23.37%, receivables plus cash are 26.47%, and disclosed interest income is 1.01%; debt is decisive.
- Financial
- Fails
- Overall
- Fails
Debt is 60.91%, above the examined MSCI total-assets limit, while liquidity is 23.37% and receivables plus cash are 26.47%. This is a calculation against the named method, not an index-membership claim.
- Financial
- Fails
- Overall
- Fails
Debt is 60.91%, above the examined 33% Malaysia SAC financial limit; identifiable liquidity is 23.37%. 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
Hasbro sells toys, board games, trading-card products, tabletop role-playing games, digital games and entertainment/licensing content. Toys and general board games are generally permissible at the activity level, while random booster-pack economics, game monetization, fantasy content and entertainment licensing require school-specific qualitative review.
Limitation: The filing does not allocate a universal prohibited-revenue numerator for random-reward mechanics, fantasy content, entertainment subject matter or downstream customer use; no exact prohibited-revenue percentage is asserted.
Purification
Hasbro discloses interest income but does not prescribe a scholar-approved purification percentage. Readers should follow the qualified scholar or methodology they use rather than applying an invented fixed rate.
Inputs, assumptions and primary sources
- Inputs use Hasbro's March 29, 2026 Form 10-Q; amounts are USD millions and the revenue and interest-income figures are for the quarter.
- Debt uses total long-term borrowings at carrying cost of $3,612.1 million, including the current portion and before deferred debt expenses; operating lease liabilities are not added separately.
- Cash uses $857.1 million of cash and cash equivalents. Interest-bearing securities use $528.6 million of available-for-sale securities, of which $528.1 million were U.S. Treasury securities; the balance-sheet presentation splits these between short-term investments and other assets.
- Receivables use $712.6 million of net accounts receivable. Inventories, contract assets and other current assets are not added.
- Quarterly revenue is $1,000.2 million and disclosed interest income is $10.1 million. The screen does not infer a fixed purification rate.
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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