OR
L'Oréal SA
Is OR Halal?
Cosmetics and personal-care products are generally permissible; the latest known asset-based ratios pass, with product-level ingredient treatment remaining qualitative.
What You Should Know
L'Oréal's December 31, 2025 full-year results report €61,821.2 million of assets, €10,118.6 million of borrowings and debt, €9,865.0 million of cash, €5,500.3 million of trade receivables and €44,052.0 million of net sales. Debt/assets is 16.37%, liquidity/assets is 15.96% and receivables-plus-cash/assets is 24.85%; no separately identifiable interest-bearing securities were inferred. Finance income on cash and cash equivalents was €167.7 million, or 0.38% of revenue.
⚠️ Concerns
- •Some products may contain alcohol or other ingredients requiring school-specific treatment
- •Global brand and product mix is broad
- •Finance income and purification remain school-dependent
- •No universal prohibited-revenue numerator is disclosed
Current quantitative Sharia screen
Based on annual-report figures for the period ended 2025-12-31; calculated 2026-07-15.
10,118.6 / 61,821.2
9,865 / 61,821.2
15,365.3 / 61,821.2
167.7 / 44,052
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 16.37%, liquidity/assets is 15.96%, receivables-plus-cash/assets is 24.85% and finance income is 0.38% of revenue; activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets, liquidity/assets and receivables-plus-cash/assets are below the examined MSCI limits; activity remains qualitative.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets and liquidity/assets are below the examined Malaysia limits; this is not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed and reproducible historical market-cap series is not stored; filing-based asset ratios are documented.
Business-activity disclosure
L'Oréal develops and sells cosmetics, beauty and personal-care products, generally permissible consumer goods. Product-level ingredient and alcohol exposure is not reduced to a universal prohibited-revenue numerator.
Limitation: The report does not provide a complete prohibited-revenue numerator for product-level ingredients or all brands and markets.
Purification
Finance income is disclosed, but no scholar-approved purification percentage or complete prohibited-revenue numerator is asserted.
Inputs, assumptions and primary sources
- Amounts are EUR millions from L'Oréal's 2025 full-year results report.
- Interest-bearing debt combines non-current borrowings and debt of €8,069.7 million with current borrowings and debt of €2,048.9 million; lease debt is excluded.
- The report does not separately isolate a reliable interest-bearing securities balance from non-current financial assets, so securities are conservatively recorded as zero rather than inferred.
- Trade accounts receivable are €5,500.3 million; 2025 net sales are €44,052.0 million and finance income on cash and cash equivalents is €167.7 million.
- Cosmetics and beauty products are generally permissible consumer goods, while alcohol-containing formulations, marketing and product-level composition require qualitative review.
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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