LEVI
Levi Strauss & Co.
Is LEVI Halal?
Designer and marketer of jeans, casual apparel, and accessories — generally permissible, with current filing-based ratios passing known asset methods while gross interest income is unavailable.
What You Should Know
Levi Strauss & Co. designs, markets and distributes apparel and accessories under the Levi's, Dockers, Beyond Yoga and Signature brands. Its May 31, 2026 Form 10-Q reports $1,043.0 million of interest-bearing senior notes, $849.3 million of cash, $128.5 million of short-term marketable securities and $586.2 million of trade receivables against $6,627.5 million of assets. Debt/assets is 15.74%, cash plus securities/assets is 14.75% and receivables plus cash/assets is 21.66%; the filing does not separately disclose gross interest income, so the income ratio is unavailable. Apparel remains a generally permissible business, while brand marketing and licensing remain qualitative.
⚠️ Concerns
- •Gross interest income is not separately disclosed in the May 31, 2026 filing, so no purification percentage is inferred
- •Senior notes are conventional, interest-bearing financing even though the known asset-based ratios pass
- •Brand marketing, licensing, product mix and end-use activity remain qualitative
- •Wholesale receivables, inventory and consumer-discretionary demand remain business and valuation risks
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-05-31; calculated 2026-07-15.
1,043 / 6,627.5
977.8 / 6,627.5
1,435.5 / 6,627.5
- Financial
- Incomplete
- Overall
- Incomplete
Debt/assets is 15.74%, liquidity/assets is 14.75% and receivables-plus-cash/assets is 21.66%; known ratios pass the examined FTSE limits, while gross interest income is unavailable.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets, liquidity/assets and receivables-plus-cash/assets are below the examined MSCI total-assets limits; income and business activity remain incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 15.74% and identifiable liquidity/assets is 14.75%, below the examined Malaysia limits; this is not an official classification.
- Financial
- Not calculated
- Overall
- Not calculated
A licensed historical market-cap series is not stored.
Business-activity disclosure
Levi Strauss designs, markets and distributes jeans, casual apparel, footwear and accessories under Levi's, Dockers, Beyond Yoga and related brands. Apparel and consumer products are generally permissible, but product-specific activity and marketing are not reduced to a universal prohibited-revenue numerator.
Limitation: The filing does not classify every product, licensee, marketing practice or customer end use by a universal Sharia category; activity remains qualitative.
Purification
Levi Strauss does not separately disclose gross interest income in this filing; no purification percentage is inferred.
Inputs, assumptions and primary sources
- Amounts are USD millions from Levi Strauss's May 31, 2026 Form 10-Q.
- Interest-bearing debt is $1,043.0 million of senior notes; operating lease liabilities are excluded.
- Cash and cash equivalents are $849.3 million and short-term marketable securities are $128.5 million.
- Net trade receivables are $586.2 million and second-quarter net revenue is $1,562.0 million.
- The filing reports interest expense and other income, net but does not separately isolate gross interest income, so the income numerator is unavailable.
- Apparel, footwear and accessories are generally permissible, while brand marketing, licensing and product-specific activity remain qualitative.
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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