MC

LVMH Moët Hennessy Louis Vuitton (Euronext Paris: MC)

HARAM — SCREEN DOES NOT PASSstock

Is MC Halal?

Current LVMH filing-based ratios pass the examined financial limits, but disclosed Wines and Spirits activity fails the strict business-activity screen.

What You Should Know

MC is LVMH's Euronext Paris symbol and the same issuer represented by LVMH and MC.PA routes. LVMH's 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 financial-asset proxy, EUR 4,332 million of receivables, EUR 80,807 million of revenue and EUR 249 million of disclosed financial income. Debt/assets is 14.32%, liquidity/assets is 10.84%, receivables plus cash/assets is 9.24%, and Wines and Spirits revenue is EUR 5,358 million (6.63% of revenue), which fails a strict activity screen.

⚠️ Concerns

  • Moët & Chandon, Hennessy and other alcohol brands
  • Wines and Spirits revenue is EUR 5,358 million
  • Retail and product mix across more than 75 Maisons
  • MC is the preserved Euronext Paris alias; the URL is unchanged

Current quantitative Sharia screen

Based on financial-documents figures for the period ended 2025-12-31; calculated 2026-07-15.

EUR · millions
Interest-bearing debt / assets
14.32%Within limit
Below 33.333% under FTSE Yasaar

20,344 / 142,037

Cash + interest-bearing securities / assets
10.84%Within limit
Below 33.333% under FTSE Yasaar

15,393 / 142,037

Receivables + cash / assets
9.24%Within limit
Below 50% under FTSE Yasaar

13,126 / 142,037

Non-compliant income / revenue
0.31%Within limit
No more than 5% under FTSE Yasaar

249 / 80,807

FTSE Yasaar
v4.6, February 2026
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; Wines and Spirits fails the activity screen.

MSCI Islamic (total-assets series)
October 2024 methodology
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.

Malaysia SAC financial ratios
single 5% activity benchmark adopted November 2025
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.

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

A properly licensed and reproducible historical market-cap series is not stored; 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. Fashion, cosmetics, watches, jewelry and retail are mixed with explicit alcohol production and distribution.

Limitation: Wines and Spirits is disclosed as a segment, but product-level alcohol and non-alcohol revenue across every retail and brand channel is not separately allocated.

Purification

LVMH discloses financial income, but the alcohol core-business screen fails and purification is not treated as a cure for a prohibited business.

Inputs, assumptions and primary sources
  • Amounts are EUR millions from LVMH's 2025 Financial Documents; MC is the preserved Euronext Paris alias for the same issuer as LVMH and MC.PA.
  • Long-term and short-term borrowings total EUR 20,344 million; cash is EUR 8,794 million and the financial-asset proxy is EUR 6,599 million.
  • Trade accounts receivable are EUR 4,332 million, revenue is EUR 80,807 million and disclosed financial income is EUR 249 million.
  • Wines and Spirits revenue of EUR 5,358 million is used as the transparent prohibited-activity proxy; other product-level 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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