MO

Altria Group Inc.

HARAM — SCREEN DOES NOT PASSstock

Is MO Halal?

Tobacco remains the core business, with a failed quantitative debt screen.

What You Should Know

Altria's March 31, 2026 Form 10-Q reports $34,584m assets, $24,602m debt, $3,531m cash and $284m receivables. Debt/assets is 71.14%; cigarettes and nicotine products also fail the site's qualitative harm-based screen.

⚠️ Concerns

  • Cigarettes, cigars and nicotine products
  • Debt/assets far above examined limits
  • Health harm, addiction and litigation

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.

USD · millions
Interest-bearing debt / assets
71.14%Above limit
Below 33.333% under FTSE Yasaar

24,602 / 34,584

Cash + interest-bearing securities / assets
10.21%Within limit
Below 33.333% under FTSE Yasaar

3,531 / 34,584

Receivables + cash / assets
11.03%Within limit
Below 50% under FTSE Yasaar

3,815 / 34,584

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

Debt/assets is 71.14%, above the examined 33.333% limit; the tobacco-business screen also fails.

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

Debt/assets is above the examined MSCI limit and the tobacco-business screen fails.

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

Debt/assets is above the examined Malaysia limit; 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
Not calculated

A licensed historical market-cap series is not stored.

Business-activity disclosure

Altria's reported first-quarter revenue is generated by smokeable and oral tobacco products. Tobacco investment is treated as prohibited under the site's harm-based qualitative approach.

Limitation: The activity numerator uses total revenue as a conservative core-business proxy, not an official Sharia classification.

Purification

The filing does not isolate a complete non-compliant-income amount; ZakatInvest does not prescribe a fixed purification percentage.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Altria's March 31, 2026 Form 10-Q.
  • Debt is current portion plus long-term debt; equity securities are not counted as interest-bearing securities.
  • The filing reports interest and other debt expense but does not isolate a non-compliant-income numerator.
  • Tobacco products are the core business and the activity screen fails independently of the financial ratios.

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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