K

Kellanova

DOUBTFUL — DATA INCOMPLETEstock

Is K Halal?

Historical packaged-food business was generally permissible, but Kellanova was acquired and delisted; the quantitative record is no longer a current standalone-stock classification.

What You Should Know

Before Mars completed its acquisition on December 11, 2025, Kellanova made snacks, cereals, frozen foods and convenience products. Its final pre-acquisition September 27, 2025 Form 10-Q reports assets of $15,645 million, debt of $5,100 million, cash of $240 million, accounts receivable of $1,707 million and quarterly revenue of $3,260 million. Historical debt/assets was 32.60%, liquidity/assets was 1.53% and receivables-plus-cash/assets was 12.44%. Kellanova common stock was canceled and delisted, so these figures should not be treated as current Mars or K securities data.

⚠️ Concerns

  • Kellanova was acquired by Mars and delisted on December 11, 2025
  • Historical debt/assets was 32.60%, near the examined 33% thresholds
  • Individual products may not be halal-certified
  • Historical interest-income disclosure was unavailable
  • Do not substitute Mars financials for the former K ticker

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2025-09-27; calculated 2026-07-15.

USD · millions
Interest-bearing debt / assets
32.60%Within limit
Below 33.333% under FTSE Yasaar

5,100 / 15,645

Cash + interest-bearing securities / assets
1.53%Within limit
Below 33.333% under FTSE Yasaar

240 / 15,645

Receivables + cash / assets
12.44%Within limit
Below 50% under FTSE Yasaar

1,947 / 15,645

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

Historical debt/assets is 32.60%, liquidity/assets is 1.53% and receivables plus cash/assets is 12.44%; interest-income disclosure is unavailable and the issuer was acquired.

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

Historical debt/assets is 32.60%, liquidity/assets is 1.53% and receivables plus cash/assets is 12.44%; no current K classification is implied.

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

Historical debt/assets and liquidity/assets are below 33%; K is no longer a standalone issuer and this is not an official classification.

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

A licensed historical market-cap series is not stored and the ticker has been acquired.

Business-activity disclosure

Before its December 11, 2025 acquisition, Kellanova made packaged snacks, cereals, frozen foods and convenience products. Packaged-food manufacturing is generally permissible, while individual product ingredients and certification require product-level review; K is no longer a standalone issuer.

Limitation: No current issuer-level screening can be performed under the K ticker after the Mars acquisition; the quantitative record is intentionally historical and does not represent Mars as a substitute security.

Purification

Historical interest-income disclosure is unavailable and this is not a current investment recommendation; no purification percentage is inferred.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Kellanova's September 27, 2025 Form 10-Q, the final pre-acquisition operating filing.
  • Debt combines $759 million current and $4,341 million non-current debt; operating leases are excluded.
  • Cash is $240 million and no separately identified interest-bearing securities are added.
  • Quarterly revenue is $3,260 million; a separate interest-income line was not available in the extracted filing.
  • Mars completed the acquisition on December 11, 2025; Kellanova common stock was canceled and delisted, so this is a historical screen rather than a current tradable-stock classification.

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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