QSR
Restaurant Brands International
Is QSR Halal?
Fast food — core non-halal product mix and the current debt screen fail.
What You Should Know
Restaurant Brands' March 31, 2026 Form 10-Q reports debt/assets of 53.67%, liquidity/assets of 4.07%, and receivables plus cash/assets of 7.15%. Burger King, Tim Hortons and Popeyes primarily serve non-halal meat and some locations serve alcohol; the site's qualitative framework treats the core activity as failing.
⚠️ Concerns
- •Debt/assets is 53.67%, above the examined limits
- •Non-halal meat is a primary product
- •Some locations serve alcohol
- •Franchise, advertising-fund, lease and supply contracts require review
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
13,352 / 24,880
1,012 / 24,880
1,779 / 24,880
6 / 2,264
- Financial
- Fails
- Overall
- Fails
Debt/assets is 53.67%, above the examined limit; liquidity/assets is 4.07%, receivables plus cash/assets is 7.15%, and disclosed interest income is 0.27%. Core restaurant activity also fails qualitatively.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 53.67%, above the examined MSCI total-assets limit; the core activity assessment also fails.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 53.67%, above the examined Malaysia financial limit; this is not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A licensed historical market-cap series is not stored; debt and core-activity failures are independent of that denominator.
Business-activity disclosure
Restaurant Brands owns Burger King, Tim Hortons and Popeyes. Restaurant service can be permissible in principle, but the portfolio's primary products include non-halal meat and some locations serve alcohol; the site's qualitative framework treats the core activity as failing.
Limitation: The filing does not allocate revenue by halal certification, meat source, alcohol sales, franchise geography or individual menu item; treating total revenue as prohibited core-business revenue is an explicit site-level analytical assumption, not an official classification.
Purification
Purification is not calculated because the core activity and debt screens fail independently; disclosed investment income is not a donation prescription.
Inputs, assumptions and primary sources
- Amounts are USD millions from Restaurant Brands International's March 31, 2026 Form 10-Q.
- Debt uses reported debt-instrument carrying amounts of USD 13,352 million; operating leases are excluded to avoid double counting.
- Cash and cash equivalents are USD 1,012 million; no separate interest-bearing securities balance is added.
- Accounts, notes and loans receivable are USD 767 million and first-quarter revenue is USD 2,264 million.
- Restaurant Brands' core restaurant revenue is treated as prohibited activity for this site's qualitative framework because Burger King, Tim Hortons and Popeyes primarily sell food that is not certified halal; using total revenue as the activity numerator is an explicit site-level assumption.
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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