TJX
The TJX Companies, Inc.
Is TJX Halal?
Off-price apparel and home-goods retailer with a generally permissible core business; current screen is incomplete pending product and market-cap inputs.
What You Should Know
TJX's May 2, 2026 Form 10-Q reports $36,158 million of assets, $2,878 million of debt, $5,580 million of cash and $642 million of receivables. Debt/assets is 7.96%; cash/assets is 15.43%; receivables-plus-cash/assets is 17.21%; disclosed interest income/revenue is 0.37%. The off-price retail business is generally permissible, but the filing does not classify every SKU or provide a reproducible market-cap denominator, so the overall record remains qualified rather than an official index classification.
⚠️ Concerns
- •Merchandise assortment changes over time and is not classified by a universal Sharia taxonomy
- •Interest income of $53 million is disclosed without a fixed purification percentage
- •A third-party bank issues the TJX Rewards credit card
- •Market-cap denominator methods are not calculated
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-05-02; calculated 2026-07-14.
2,878 / 36,158
5,580 / 36,158
6,222 / 36,158
53 / 14,323
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 7.96%, cash/assets is 15.43%, receivables plus cash/assets is 17.21% and interest income/revenue is 0.37%; known ratios pass, while merchandise classification and market-cap methods remain incomplete.
- Financial
- Pass
- Overall
- Incomplete
Known debt, liquidity, receivables-plus-cash and disclosed-income ratios pass the examined total-assets limits; this is a contextual calculation, not an index-membership claim.
- Financial
- Pass
- Overall
- Incomplete
Known ratios are below the examined SAC limits, but product-level business classification and market-cap methods remain incomplete; this is not an official classification.
- Financial
- Not calculated
- Overall
- Not calculated
A licensed reproducible historical market-cap series is not stored; a spot estimate is not substituted.
Business-activity disclosure
TJX is an off-price apparel, home-goods and general-merchandise retailer. The core retail activity is generally permissible, while a small assortment of beauty, seasonal or third-party merchandise is not classified by a universal school-specific revenue taxonomy.
Limitation: The filing reports net sales by retail segment but does not classify every SKU, supplier or downstream product under a Sharia standard.
Purification
Interest income of 53 million is disclosed, but no fixed dividend-purification percentage is prescribed; investors should seek qualified school-specific guidance.
Inputs, assumptions and primary sources
- Amounts are USD millions from TJX's May 2, 2026 Form 10-Q.
- Total debt is 2,878, including current maturities of 999; operating leases are excluded.
- Cash is 5,580 and accounts receivable are 642. Quarterly net sales are 14,323 and interest income is 53.
- Off-price apparel, home goods and general merchandise are not mapped to a universal prohibited-revenue numerator; non-compliant revenue is therefore unavailable rather than guessed.
- The third-party TJX Rewards credit-card issuer is not treated as TJX interest revenue. The filing does not provide a reproducible market-cap denominator history.
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.
Similar Stocks
Want to screen more assets?
Use our interactive Halal Checker to screen any stock, ETF, or crypto instantly.
Go to Halal Checker →