TAP
Molson Coors Beverage Co.
Is TAP Halal?
Beer producer with passing financial ratios but a failed alcohol-business screen.
What You Should Know
Molson Coors's March 31, 2026 Form 10-Q reports $22,367.9m assets, $6,271.9m debt, $382.6m cash and $971.9m receivables. Debt/assets is 28.04%; beer production remains the decisive qualitative fail.
⚠️ Concerns
- •Beer production and distribution
- •Alcohol is khamr under the qualitative approach
- •Upcoming debt maturities and refinancing risk
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
6,271.9 / 22,367.9
382.6 / 22,367.9
1,354.5 / 22,367.9
2.6 / 2,351.1
- Financial
- Pass
- Overall
- Fails
Debt/assets is 28.04%, liquidity/assets is 1.71%, and receivables-plus-cash/assets is 6.05%; the alcohol-business screen fails.
- Financial
- Pass
- Overall
- Fails
The examined financial ratios pass, but the alcohol-business screen fails.
- Financial
- Pass
- Overall
- Fails
Debt and liquidity ratios are below the examined Malaysia limits; the alcohol-business screen fails. This is not an official SAC classification.
- Financial
- Not calculated
- Overall
- Not calculated
A licensed historical market-cap series is not stored.
Business-activity disclosure
Molson Coors primarily produces and distributes beer and related alcoholic beverages. 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 Molson Coors' March 31, 2026 Form 10-Q.
- Debt is current portion plus long-term debt and short-term borrowings; receivables include trade and other receivables.
- Interest income of $2.6m is separately disclosed in the segment reconciliation.
- Beer is the dominant reported business and is 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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