SHAK
Shake Shack Inc.
Is SHAK Halal?
Burger chain serving pork and alcohol with non-halal meat.
What You Should Know
Shake Shack operates premium burger restaurants. Menu includes pork products, alcohol is served, and meat is not halal-certified. The April 1, 2026 filing shows 12.93% debt/assets, 16.36% liquidity/assets, 17.88% receivables-plus-cash/assets and 0.01% disclosed interest income/revenue; activity remains a conservative fail.
⚠️ Concerns
- •Pork products on menu
- •Alcohol sales
- •Non-halal meat preparation
- •Activity proxy uses total reported revenue because menu-level allocation is unavailable
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-04-01; calculated 2026-07-15.
247.993 / 1,917.632
313.65 / 1,917.632
342.821 / 1,917.632
0.032 / 366.737
- Financial
- Pass
- Overall
- Fails
Debt/assets is 12.93%, liquidity/assets is 16.36%, receivables-plus-cash/assets is 17.88% and disclosed interest income is 0.01%; examined financial ratios pass, but the conservative activity proxy fails.
- Financial
- Pass
- Overall
- Fails
Debt, liquidity and receivables-plus-cash are below the examined total-assets limits, but the conservative activity proxy fails. This is not an index-membership claim.
- Financial
- Pass
- Overall
- Fails
Debt/assets and identifiable conventional liquidity/assets are below the examined Malaysia limits; the conservative activity proxy fails. This is not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A licensed historical market-cap series is not stored; the conservative activity proxy fails.
Business-activity disclosure
Shake Shack operates burger restaurants that serve pork products and alcohol, and its meat is not universally halal-certified. These are core menu and operating concerns under the retained qualitative analysis.
Limitation: The filing does not quantify pork, alcohol or non-halal meat revenue; total reported revenue is used only as a conservative upper-bound proxy.
Purification
Disclosed interest income is 0.01% of thirteen-week revenue, but no scholar-approved purification percentage is asserted; the activity screen fails on the conservative upper-bound proxy.
Inputs, assumptions and primary sources
- Amounts are USD millions from Shake Shack's April 1, 2026 Form 10-Q.
- Debt is $247.993 million of convertible notes, net of unamortized issuance costs; the revolving facility had no reported borrowings. Operating leases are excluded. Cash is $313.650 million and no separately identified interest-bearing securities are added.
- Accounts receivable is $29.171 million, thirteen-week revenue is $366.737 million and disclosed interest income is $0.032 million.
- Because pork, alcohol and non-halal meat revenue is not separately allocated, total revenue is used as a conservative upper-bound activity proxy; this is not a claim that every dollar is prohibited.
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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