NKE
Nike Inc.
Is NKE Halal?
Athletic footwear and apparel — financial ratios pass, with qualitative review required.
What You Should Know
Nike sells athletic shoes, clothing and equipment. Its February 28, 2026 Form 10-Q reports $37,064 million of assets, $8,029 million of interest-bearing debt, $8,057 million of cash plus short-term investments, $5,369 million of receivables, and $11,279 million of quarterly revenue. Debt/assets is 21.66%, liquidity/assets is 21.74% and receivables plus cash/assets is 32.45%; disclosed investment-portfolio interest income is 0.58% of quarterly revenue. Sponsorship, sourcing, labor and environmental issues remain qualitative concerns.
⚠️ Concerns
- •Sponsorship of some haram sports events
- •Product sourcing, labor, advertising, and environmental impacts
- •Disclosed investment interest is not a complete purification prescription
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-02-28; calculated 2026-07-14.
8,029 / 37,064
8,057 / 37,064
12,029 / 37,064
65 / 11,279
- Financial
- Pass
- Overall
- Incomplete
Debt is 21.66% of assets, liquidity is 21.74%, receivables plus cash are 32.45% and disclosed interest income is 0.58%; activity classification remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt, liquidity and receivables-plus-cash are below the examined total-assets limits; this is not an index-membership claim.
- Financial
- Pass
- Overall
- Incomplete
Examined financial ratios are below Malaysia SAC limits; this is not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored.
Business-activity disclosure
Nike designs, markets and sells footwear, apparel and equipment globally. Consumer products are generally permissible, while endorsements, labor, sourcing, marketing, geopolitical exposure and conventional finance require qualitative review.
Limitation: The filing does not quantify a scholar-specific prohibited-revenue numerator; disclosed investment interest is a screen input, not a complete purification prescription.
Purification
Nike discloses $65 million of investment-portfolio interest income but does not prescribe a scholar-approved purification percentage; no fixed amount is estimated.
Inputs, assumptions and primary sources
- Amounts are USD millions from Nike's February 28, 2026 Form 10-Q.
- Debt includes $999 million current portion and $7,030 million long-term debt; operating leases are excluded.
- Cash is $6,660 million and short-term investments are $1,397 million, primarily Treasury securities, commercial paper, bonds, money-market funds and time deposits.
- Accounts receivable are $5,369 million and quarterly revenue is $11,279 million; investment-portfolio interest income is $65 million.
- The filing does not allocate footwear, apparel, equipment, endorsements or other revenue into a universal prohibited-activity numerator.
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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