PVH
PVH Corp.
Is PVH Halal?
Owner and operator of the Calvin Klein and Tommy Hilfiger apparel brands — generally permissible, with current filing-based financial ratios passing the named asset methods.
What You Should Know
PVH Corp. designs, markets and licenses apparel, accessories and footwear under Calvin Klein and Tommy Hilfiger. Its May 3, 2026 Form 10-Q reports $2,282.3 million of interest-bearing debt, $592.5 million of cash, no separately identified interest-bearing securities and $918.7 million of receivables against $11,341.6 million of assets. Debt/assets is 20.12%, cash plus securities/assets is 5.22%, receivables plus cash/assets is 13.32% and disclosed interest income/revenue is 0.34%. Apparel is generally permissible; licensing, marketing conduct and product mix remain qualitative.
⚠️ Concerns
- •Senior notes and term debt are conventional, interest-bearing financing
- •Disclosed interest income is 0.34% of quarterly revenue; purification treatment remains scholar-dependent
- •Calvin Klein and Tommy Hilfiger marketing conduct may be a qualitative concern for stricter investors
- •Licensing, product mix, receivables and consumer-discretionary demand remain qualitative or business risks
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-05-03; calculated 2026-07-15.
2,282.3 / 11,341.6
592.5 / 11,341.6
1,511.2 / 11,341.6
6.9 / 2,025.1
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 20.12%, liquidity/assets is 5.22%, receivables-plus-cash/assets is 13.32% and disclosed interest income is 0.34%; known ratios pass while activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets, liquidity/assets and receivables-plus-cash/assets are below the examined MSCI total-assets limits; activity remains qualitative and this is not an index-membership claim.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 20.12% and identifiable liquidity/assets is 5.22%, below the examined Malaysia limits; this is not an official classification.
- Financial
- Not calculated
- Overall
- Not calculated
A licensed historical market-cap series is not stored.
Business-activity disclosure
PVH designs, markets and licenses Calvin Klein and Tommy Hilfiger apparel, footwear and accessories through wholesale, retail, digital and licensing channels. Apparel and consumer products are generally permissible, but product-specific marketing, licensing and end-use revenue are not reduced to a universal prohibited-revenue numerator.
Limitation: The filing does not classify every product, licensee, marketing practice or customer end use by a universal Sharia category; activity remains qualitative.
Purification
PVH discloses $6.9 million of interest income for the quarter, but ZakatInvest does not prescribe a scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from PVH's May 3, 2026 Form 10-Q.
- Interest-bearing debt is $12.9 million of current debt plus $2,269.4 million of long-term debt; operating lease liabilities are excluded.
- Cash and cash equivalents are $592.5 million; no separate interest-bearing securities balance is identified.
- Receivables include $896.8 million of trade receivables and $21.9 million of other receivables. First-quarter revenue is $2,025.1 million.
- The filing reports $6.9 million of interest income for the quarter; no fixed purification percentage is prescribed.
- Apparel, footwear, accessories and licensing are generally permissible, while brand marketing and product-specific activity remain 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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