TSCO

Tractor Supply Company

HALAL — DATA INCOMPLETEstock

Is TSCO Halal?

Farm, pet and hardware retail is generally permissible; the latest filing leaves several quantitative inputs incomplete.

What You Should Know

Tractor Supply's March 28, 2026 Form 10-Q reports 18.23% interest-bearing debt/assets and 1.92% cash/assets. The filing does not present a separate receivables line or standalone interest-income numerator; hunting and firearm-related product exposure requires school-specific review.

⚠️ Concerns

  • Hunting and firearm-related products require school-specific review
  • Accounts receivable is not presented as a separate balance-sheet line
  • Interest income is unavailable
  • Third-party credit-card economics are not fully disaggregated

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-28; calculated 2026-07-14.

USD · millions
Interest-bearing debt / assets
18.23%Within limit
Below 33.333% under FTSE Yasaar

2,125.7 / 11,662.097

Cash + interest-bearing securities / assets
1.92%Within limit
Below 33.333% under FTSE Yasaar

224.269 / 11,662.097

Receivables + cash / assets
1.92%Within limit
Below 50% under FTSE Yasaar

224.269 / 11,662.097

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

Debt/assets is 18.23% and cash/assets is 1.92%; receivables and income are unavailable, so the financial screen is incomplete.

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

Known debt and cash ratios pass the examined limits; the filing does not present a separate receivables line and this is not an index-membership claim.

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

Known debt/assets is below the examined limit; receivables and income inputs are unavailable, so this is a contextual calculation.

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

A properly licensed reproducible market-cap history is not stored; a spot estimate is not substituted.

Business-activity disclosure

Tractor Supply retails farm, ranch, pet, hardware, lawn and garden, workwear and outdoor products. These categories are generally permissible, while hunting, firearm-related and product-level classifications are not quantified into a universal prohibited-revenue numerator.

Limitation: The filing does not provide a separate receivables line, standalone interest-income numerator or reproducible market-cap history.

Purification

Interest income is not separately disclosed and product-level concerns are not quantified; no fixed purification percentage is prescribed.

Inputs, assumptions and primary sources
  • Amounts are USD millions converted from the filing's USD-thousands balance sheet; total assets are 11,662.097 and cash is 224.269.
  • Total debt is 2,125.7 million after unamortized debt discounts; finance and operating lease liabilities are excluded.
  • The filing does not present a separate accounts-receivable line; short-term card receivables are included in other current assets.
  • First-quarter net sales are approximately 3,590 million.
  • No standalone interest-income or prohibited-revenue numerator is disclosed in the examined filing.

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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