STZ

Constellation Brands

HARAM — SCREEN DOES NOT PASSstock

Is STZ Halal?

Beer, wine and spirits producer with a failed quantitative debt screen.

What You Should Know

Constellation Brands' May 31, 2026 Form 10-Q reports $22,108.7m assets, $10,533.8m debt, $96.6m cash and $726.7m receivables. Debt/assets is 47.64%; alcohol production remains the decisive qualitative fail.

⚠️ Concerns

  • Beer, wine and spirits production
  • Debt/assets above examined limits
  • Very low cash relative to total assets

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-05-31; calculated 2026-07-14.

USD · millions
Interest-bearing debt / assets
47.65%Above limit
Below 33.333% under FTSE Yasaar

10,533.8 / 22,108.7

Cash + interest-bearing securities / assets
0.44%Within limit
Below 33.333% under FTSE Yasaar

96.6 / 22,108.7

Receivables + cash / assets
3.72%Within limit
Below 50% under FTSE Yasaar

823.3 / 22,108.7

Non-compliant income / revenue
0.09%Within limit
No more than 5% under FTSE Yasaar

2.2 / 2,432.7

FTSE Yasaar
v4.6, February 2026
Financial
Fails
Overall
Fails

Debt/assets is 47.64%, above the examined 33.333% limit; the alcohol-business screen also fails.

MSCI Islamic (total-assets series)
October 2024 methodology
Financial
Fails
Overall
Fails

Debt/assets is above the examined MSCI limit and the alcohol-business screen fails.

Malaysia SAC financial ratios
single 5% activity benchmark adopted November 2025
Financial
Fails
Overall
Fails

Debt/assets is above the examined Malaysia limit; this is not an official SAC classification.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
Financial
Not calculated
Overall
Not calculated

A licensed historical market-cap series is not stored.

Business-activity disclosure

Constellation Brands produces and markets beer, wine and spirits, including Modelo, Corona, wine and distilled-spirit brands. Alcohol production and sale fails the site's qualitative activity screen.

Limitation: The activity numerator uses total revenue as a conservative core-business proxy; no official Sharia classification is implied.

Purification

Interest income is disclosed, but a complete purification calculation is outside ZakatInvest's scope and no fixed percentage is prescribed.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Constellation Brands' May 31, 2026 Form 10-Q.
  • Debt is short-term borrowings plus current and non-current long-term debt; accounts receivable is the reported net balance.
  • Interest income of $2.2m is separately disclosed in the interest-expense reconciliation.
  • Beer, wine and spirits are the reported core segments and are treated as prohibited alcohol activity under the qualitative screen.

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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