ULTA
Ulta Beauty Inc.
Is ULTA Halal?
Beauty retailer — financial ratios pass, but product and salon activity require review.
What You Should Know
Ulta's May 2, 2026 filing reports debt/assets of 2.10%, liquidity/assets of 3.21%, receivables plus cash/assets of 6.01% and disclosed net interest income of 0.02% of quarterly revenue. Cosmetics, salon services, alcohol-containing products and animal-derived ingredients remain scholar-dependent.
⚠️ Concerns
- •Cosmetics may contain alcohol and animal-derived ingredients
- •Beauty marketing and salon services require review
- •Disclosed interest income is not a complete purification prescription
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-05-02; calculated 2026-07-14.
144.899 / 6,895.245
221.3 / 6,895.245
414.54 / 6,895.245
0.652 / 3,163.857
- Financial
- Pass
- Overall
- Incomplete
Debt is 2.10% of assets, liquidity is 3.21%, receivables plus cash are 6.01% and disclosed interest income is 0.02%; activity classification remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Examined financial ratios are below the total-assets limits; this is not an index-membership claim.
- Financial
- Pass
- Overall
- Incomplete
Examined financial ratios are below Malaysia SAC limits; this is not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored.
Business-activity disclosure
Ulta operates beauty retail stores, e-commerce and salons. Retail and salon services can be permissible, while cosmetics ingredients, alcohol, animal derivatives, marketing and co-branded financial arrangements require review.
Limitation: The filing does not quantify a scholar-specific prohibited-revenue numerator; the disclosed income figure is a screen input, not a complete purification prescription.
Purification
Ulta discloses $0.652 million of net interest income but does not prescribe a scholar-approved purification percentage; no fixed amount is estimated.
Inputs, assumptions and primary sources
- Amounts are USD thousands converted to millions from Ulta's May 2, 2026 Form 10-Q.
- Short-term debt is $144.899 million; operating leases are excluded.
- Cash is $166.3 million and short-term investments are $55 million.
- Receivables are $248.24 million and quarterly revenue is $3,163.857 million; disclosed net interest income is $0.652 million.
- The filing does not allocate cosmetics, services or product revenue into a universal prohibited-activity numerator.
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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