LVMH
LVMH Moët Hennessy Louis Vuitton
Is LVMH Halal?
LVMH's diversified luxury portfolio includes a material disclosed Wines and Spirits business; the alcohol activity fails a strict prohibited-core-activity screen.
What You Should Know
LVMH's December 31, 2025 Financial Documents report EUR 142,037 million of assets, EUR 20,344 million of borrowings, EUR 8,794 million of cash, EUR 6,599 million of available-for-sale financial assets, EUR 4,332 million of trade receivables and EUR 80,807 million of revenue. Debt/assets is 14.32%, liquidity/assets is 10.84%, receivables plus cash/assets is 9.24% and income from cash and current financial assets is 0.31% of revenue. Wines and Spirits revenue is explicitly disclosed at EUR 5,358 million, or 6.63% of total revenue, while the rest of the portfolio remains mixed.
⚠️ Concerns
- •Wines and Spirits revenue of EUR 5,358 million
- •Moët & Chandon, Hennessy and other alcohol brands
- •Retail and product mix across more than 75 Maisons
- •Interest income and investment portfolio
- •Alcohol activity exceeds the examined 5% benchmark
Current quantitative Sharia screen
Based on financial-documents figures for the period ended 2025-12-31; calculated 2026-07-15.
20,344 / 142,037
15,393 / 142,037
13,126 / 142,037
249 / 80,807
- Financial
- Pass
- Overall
- Fails
Debt/assets is 14.32%, liquidity/assets is 10.84%, receivables-plus-cash/assets is 9.24% and disclosed financial income is 0.31% of revenue; the Wines and Spirits business fails the activity screen.
- Financial
- Pass
- Overall
- Fails
Known asset-based ratios are below the examined MSCI limits, but disclosed Wines and Spirits revenue creates a prohibited core-activity result.
- Financial
- Pass
- Overall
- Fails
Debt/assets and liquidity/assets pass the examined ratios, while Wines and Spirits revenue is 6.63% of total revenue and exceeds the examined 5% activity benchmark; this is not an official SAC classification.
- Financial
- Not calculated
- Overall
- Fails
A properly licensed and reproducible historical market-cap series is not stored; the disclosed alcohol activity still fails the business screen.
Business-activity disclosure
LVMH is a diversified luxury group, but its Wines and Spirits business is a material disclosed revenue segment. The explicit alcohol-producing business fails a strict prohibited-core-activity screen even though fashion, cosmetics, watches, jewelry and retail activities are mixed.
Limitation: The Wines and Spirits segment is disclosed, but product-level alcohol and non-alcohol revenue within every retail and brand channel is not separately allocated.
Purification
LVMH discloses income from cash and current financial assets, but the alcohol core-business screen fails and ZakatInvest does not prescribe purification as a cure for a prohibited business.
Inputs, assumptions and primary sources
- Amounts are EUR millions from LVMH's Financial Documents for the year ended December 31, 2025.
- Long-term and short-term borrowings total EUR 20,344 million; lease liabilities are excluded from the tracked debt measure.
- Cash is EUR 8,794 million; current available-for-sale financial assets of EUR 4,708 million and non-current available-for-sale financial assets of EUR 1,891 million are used as the securities proxy.
- Trade accounts receivable are EUR 4,332 million, revenue is EUR 80,807 million and income from cash, cash equivalents and current available-for-sale financial assets is EUR 249 million.
- Wines and Spirits revenue is explicitly disclosed at EUR 5,358 million; this is used as a transparent prohibited-activity revenue proxy, while other brand and product questions 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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