TGT

Target Corp.

DOUBTFUL — METHODS DIFFERstock

Is TGT Halal?

Retail — permissible in principle but sells mixed product categories.

What You Should Know

Target's May 2, 2026 filing shows debt/assets 26.57% and liquidity/assets 6.09%. Alcohol, tobacco and lottery sales are qualitative concerns, but the filing does not provide a reproducible prohibited-revenue percentage.

⚠️ Concerns

  • Alcohol sales
  • Tobacco
  • Lottery
  • Mixed product revenue not quantified

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-05-02; calculated 2026-07-14.

USD · millions
Interest-bearing debt / assets
26.57%Within limit
Below 33.333% under FTSE Yasaar

15,415 / 58,010

Cash + interest-bearing securities / assets
6.09%Within limit
Below 33.333% under FTSE Yasaar

3,534 / 58,010

Receivables + cash / assets
6.09%Within limit
Below 50% under FTSE Yasaar

3,534 / 58,010

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

Debt is 26.57%, liquidity is 6.09%, and receivables plus cash is 6.09%; the financial ratios pass the examined limits, but income is unavailable and the mixed merchandise business is not quantified.

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

Debt, liquidity and receivables plus cash are below the examined total-assets limits. This is not an index-membership claim; business-activity revenue remains undisclosed.

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

Debt and identifiable liquidity are below 33% of total assets. This is a calculation against SAC ratios, not an official classification; screened business revenue remains unavailable.

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

A properly licensed and reproducible 24- or 36-month issuer market-cap history is not stored, so market-cap methods are not estimated from a current spot price.

Business-activity disclosure

Target operates general merchandise stores and digital retail channels. General retail is mixed and the filing does not quantify the revenue attributable to alcohol, tobacco, lottery or other categories that different scholars may treat differently.

Limitation: Broad merchandise categories and other-current-asset balances cannot be converted into a reproducible prohibited-revenue numerator without unsupported estimates.

Purification

Target does not separately disclose gross interest income or screened product revenue, so no purification percentage is inferred.

Inputs, assumptions and primary sources
  • Debt combines $1,133 million of current debt and $14,282 million of long-term debt and other borrowings.
  • Target reports $3,534 million of cash and cash equivalents, including $2,544 million of short-term investments; the combined balance is used as the cash input and no additional securities amount is added.
  • Target's retail balance sheet does not report trade receivables as a separate line; accounts receivable is recorded as zero rather than inferred from other current assets.
  • Quarterly net sales are $25,443 million. The filing does not separately disclose alcohol, tobacco, lottery or gross interest-income revenue.

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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