SON
Sonoco Products Company
Is SON Halal?
Packaging manufacturer — a permissible materials business, with acquisition debt to screen.
What You Should Know
Sonoco Products Company manufactures consumer and industrial packaging, paperboard, tubes and protective packaging. Its March 29, 2026 Form 10-Q reports assets of $11,070.019 million, interest-bearing debt of $4,689.512 million, cash of $224.479 million and receivables of $1,116.975 million. Debt/assets is 42.36%, liquidity/assets is 2.03% and receivables-plus-cash/assets is 12.12%; the debt screen fails across the examined asset-based methods. Interest income is $8.651 million (0.52% of quarterly revenue), while indirect beverage end use remains qualitative.
⚠️ Concerns
- •Debt/assets is 42.36%, above examined 33% limits
- •Some packaging may be sold to beverage customers that include alcohol producers; this is an indirect end-use question
- •Interest income of $8.651 million is disclosed; no scholar-approved purification percentage is asserted
- •Acquisition and capacity investments can move leverage
- •Re-screen the financial ratios periodically
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-29; calculated 2026-07-15.
4,689.512 / 11,070.019
224.479 / 11,070.019
1,341.454 / 11,070.019
8.651 / 1,676.442
- Financial
- Fails
- Overall
- Fails
Debt/assets is 42.36%, above the examined 33.333% limit; packaging activity is generally permissible but leverage fails.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 42.36%, above the examined MSCI limit; the asset-based screen fails.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 42.36%, above the examined Malaysia limit; this is not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A properly licensed and reproducible historical market-cap series is not stored; the debt screen already fails.
Business-activity disclosure
Sonoco manufactures consumer and industrial packaging, paperboard, tubes and protective packaging. Packaging is generally permissible, although some customers may include beverage producers.
Limitation: The filing does not allocate revenue by downstream customer end use or provide a universal prohibited-revenue numerator.
Purification
Interest income of $8.651 million (0.52% of quarterly revenue) is disclosed for transparency; no scholar-approved purification percentage is asserted.
Inputs, assumptions and primary sources
- Amounts are converted from USD thousands in Sonoco's March 29, 2026 Form 10-Q to USD millions.
- Debt combines current debt of $1,202.570 million and noncurrent debt of $3,486.942 million.
- Cash is $224.479 million; no separate interest-bearing securities balance is identified.
- Receivables combine accounts receivable of $893.036 million and other receivables of $223.939 million.
- Interest income is $8.651 million (0.52% of quarterly revenue); packaging is generally permissible, while indirect beverage end use remains 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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