MDLZ
Mondelez International, Inc.
Is MDLZ Halal?
Global snacks manufacturer — permissible consumer-packaged-goods business focused on biscuits, chocolate, gum, and candy.
What You Should Know
Mondelez is a global snacks manufacturer focused on biscuits, chocolate, gum and candy, with brands including Oreo, Cadbury, Milka, Toblerone, Trident and Halls. Food manufacturing is generally permissible, while ingredients, SKUs and market certification remain qualitative. Its March 31, 2026 Form 10-Q reports total assets of $71,122 million, conservative debt and leases of $21,622 million, cash of $1,524 million, receivables of $5,382 million and quarterly revenue of $10,080 million. Debt/assets is 30.40%, liquidity/assets is 2.14% and receivables plus cash/assets is 9.71%, below the examined asset-based limits; the filing does not separately disclose an interest-income numerator, so the complete screen remains incomplete.
⚠️ Concerns
- •Not all Mondelez products carry external halal certification; verify individual SKUs where that matters
- •Some formulations may contain alcohol-derived flavorings or other non-halal-certified ingredients
- •The filing-based debt/assets screen is 30.40%, below the examined asset limits
- •Interest-income disclosure is unavailable in the current filing; no fixed purification percentage is asserted
- •JDE Peet's and Keurig Dr Pepper holdings add look-through screening considerations
- •Cocoa sourcing and labor practices remain ethical-stewardship considerations
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
21,622 / 71,122
1,524 / 71,122
6,906 / 71,122
- Financial
- Incomplete
- Overall
- Incomplete
Debt/assets is 30.40%, liquidity/assets is 2.14% and receivables-plus-cash/assets is 9.71%, below the examined limits; interest-income disclosure remains unavailable and activity allocation is incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 30.40%, liquidity/assets is 2.14% and receivables-plus-cash/assets is 9.71%, below the examined MSCI limits; activity allocation remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 30.40% and liquidity/assets is 2.14%, below the examined Malaysia limits; activity allocation remains incomplete.
- Financial
- Not calculated
- Overall
- Incomplete
A properly licensed and reproducible historical market-cap series is not stored; filing-based asset ratios remain documented.
Business-activity disclosure
Mondelez makes global snack and confectionery products. General food manufacturing is generally permissible, while ingredient, SKU and market-specific certification allocation requires qualitative review.
Limitation: The filing does not provide a universal prohibited-revenue numerator at product and SKU level.
Purification
The filing does not separately disclose an interest-income numerator suitable for a purification calculation; no fixed percentage is asserted.
Inputs, assumptions and primary sources
- Amounts are USD millions from Mondelez's March 31, 2026 Form 10-Q.
- Conservative debt combines $15,468 million of long-term debt and capital lease obligations, $2,675 million current debt, $2,881 million of short-term borrowings and $598 million of noncurrent operating-lease liabilities.
- Receivables combine $4,397 million of accounts receivable and $985 million of other receivables; cash is $1,524 million excluding restricted cash.
- Quarterly revenue is $10,080 million; the filing does not separately disclose an interest-income numerator usable for this screen.
- Snack and confectionery activity is generally permissible, while ingredient, SKU, alcohol-flavoring and market certification allocation remains 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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