MKC

McCormick & Company

HALAL — METHODS DIFFERstock

Is MKC Halal?

Spices and seasonings — generally permissible food products.

What You Should Know

McCormick's May 31, 2026 filing shows debt/assets 29.94%, liquidity/assets 2.01%, and receivables plus cash/assets 6.32%. Product and interest-income details remain incomplete rather than assumed zero.

⚠️ Concerns

  • Product-level ingredient and certification review
  • Interest income not separately disclosed
  • Global food-service mix

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-05-31; calculated 2026-07-14.

USD · millions
Interest-bearing debt / assets
29.94%Within limit
Below 33.333% under FTSE Yasaar

4,933.5 / 16,477.1

Cash + interest-bearing securities / assets
2.01%Within limit
Below 33.333% under FTSE Yasaar

331.2 / 16,477.1

Receivables + cash / assets
6.32%Within limit
Below 50% under FTSE Yasaar

1,040.6 / 16,477.1

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

Debt is 29.94%, liquidity is 2.01%, and receivables plus cash is 6.32%; the financial ratios pass the examined limits, but income and the product-activity screen remain incomplete.

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

Debt, liquidity and receivables plus cash are below the examined total-assets limits. This is not an index-membership claim; business-activity revenue remains undisclosed.

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

Debt and identifiable liquidity are below 33% of total assets. This is a calculation against SAC ratios, not an official classification; screened business revenue remains unavailable.

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

A properly licensed and reproducible 24- or 36-month issuer market-cap history is not stored, so market-cap methods are not estimated from a current spot price.

Business-activity disclosure

McCormick develops spices, seasonings, condiments and flavor products. The core activity is generally permissible, but global product and ingredient details are not consolidated into a universal Sharia revenue screen.

Limitation: Public reporting does not separately quantify alcohol-containing, animal-derived, non-halal or other product revenue at a level that supports a reproducible numerator.

Purification

Gross interest income and screened product revenue are not separately disclosed; no purification percentage is inferred.

Inputs, assumptions and primary sources
  • Debt combines $3,597.4 million of long-term debt, $9.5 million of current maturities and $1,326.6 million of short-term borrowings.
  • Cash is $331.2 million and accounts receivable is $709.4 million at May 31, 2026.
  • Quarterly net sales are $1,936.6 million. Gross interest income is not separately disclosed in the filing.
  • The company does not provide a reproducible prohibited-revenue numerator for all flavor, condiment, food-service and acquired product lines.

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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