TPR
Tapestry, Inc.
Is TPR Halal?
Coach, Kate Spade and Stuart Weitzman accessories and apparel — a generally permissible consumer-products business, but the latest filing-based debt screen fails.
What You Should Know
Tapestry designs and markets Coach, Kate Spade New York and Stuart Weitzman accessories, footwear and apparel through retail, wholesale and digital channels. Its March 28, 2026 Form 10-Q reports $2,377.1 million of net senior-note debt, $1,046.5 million of cash, $22.1 million of short-term investments, $305.0 million of receivables and $1,920.6 million of first-quarter sales. Debt is 36.76% of total assets, above the examined 33% limits; liquidity is 16.52% and receivables plus cash are 20.90%. The filing reports interest expense, net rather than gross interest income, and product materials and licensing remain qualitative.
⚠️ Concerns
- •Debt/assets is 36.76%, above the examined FTSE, MSCI and Malaysia limits
- •Senior notes are conventional interest-bearing financing; current debt is zero but long-term notes remain material
- •Gross interest income is not separately disclosed, so purification cannot be quantified from this filing
- •Product materials, licensing and global brand activity remain qualitative considerations
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-28; calculated 2026-07-15.
2,377.1 / 6,466.7
1,068.6 / 6,466.7
1,351.5 / 6,466.7
- Financial
- Fails
- Overall
- Fails
Debt/assets is 36.76%, above the examined 33.333% limit; liquidity/assets is 16.52% and receivables-plus-cash/assets is 20.90%, while gross interest income is unavailable.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 36.76%, above the examined MSCI 33.33% total-assets limit; this is not an index-membership claim.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 36.76%, above the examined Malaysia SAC financial limit; this is not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A licensed historical market-cap series is not stored, but the asset-based debt screen fails independently.
Business-activity disclosure
Tapestry designs and markets Coach, Kate Spade New York and Stuart Weitzman accessories, footwear and apparel through retail, wholesale and digital channels. Consumer products are generally permissible, but product-specific materials, licensing and end-use revenue are not reduced to a universal prohibited-revenue numerator.
Limitation: The filing does not classify every product, material, licensee or customer use by a universal Sharia category; activity remains qualitative.
Purification
Tapestry reports interest expense, net but does not separately disclose gross interest income; no purification percentage is inferred.
Inputs, assumptions and primary sources
- Amounts are USD millions from Tapestry's March 28, 2026 Form 10-Q.
- Interest-bearing debt uses the $2,377.1 million net carrying value of long-term senior notes; current debt is zero and operating lease liabilities are excluded.
- Cash and cash equivalents are $1,046.5 million and short-term investments are $22.1 million.
- Trade accounts receivable, net, is $305.0 million and first-quarter net sales are $1,920.6 million.
- The filing reports interest expense, net rather than separately isolating gross interest income, so the income numerator is unavailable.
- Coach, Kate Spade and Stuart Weitzman accessories and apparel are generally permissible, while product-specific materials, licensing and brand activity remain 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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