UNLY

Unilever PLC

DOUBTFUL — SCREEN DOES NOT PASSstock

Is UNLY Halal?

Consumer-goods company with a current debt-screen failure; product ingredients and post-Ice-Cream-demerger scope remain qualitative.

What You Should Know

UNLY is a preserved Unilever alias. Unilever's 2025 Form 20-F reports EUR 70,471 million of assets, EUR 28,278 million of financial liabilities, EUR 3,941 million of cash, EUR 1,121 million of other financial assets, EUR 7,346 million of receivables and EUR 50,503 million of continuing turnover. Debt/assets is 40.13%, while liquidity/assets is 7.19% and receivables plus cash/assets is 16.02%. The 2025 continuing figures exclude the demerged Ice Cream business; food and personal-care ingredients, alcohol flavorings, porcine derivatives and animal-testing questions remain qualitative.

⚠️ Concerns

  • Debt/assets is 40.13%, above the examined limits
  • Food and personal-care ingredient mix is not universally disclosed
  • Alcohol flavorings, porcine derivatives and animal-testing questions
  • The Ice Cream business was demerged; older descriptions must be refreshed
  • UNLY is a preserved alias; the URL is unchanged

Current quantitative Sharia screen

Based on 20-F figures for the period ended 2025-12-31; calculated 2026-07-15.

EUR · millions
Interest-bearing debt / assets
40.13%Above limit
Below 33.333% under FTSE Yasaar

28,278 / 70,471

Cash + interest-bearing securities / assets
7.18%Within limit
Below 33.333% under FTSE Yasaar

5,062 / 70,471

Receivables + cash / assets
16.02%Within limit
Below 50% under FTSE Yasaar

11,287 / 70,471

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

Debt/assets is 40.13%, above the examined 33.333% limit; liquidity/assets is 7.19% and receivables-plus-cash/assets is 16.02%.

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

Debt/assets is 40.13%, above the examined MSCI total-assets limit; product-level activity remains qualitatively incomplete.

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

Debt/assets is 40.13%, above the examined Malaysia ratio; this is a ZakatInvest calculation, not an official SAC classification.

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

A licensed historical market-cap series is not stored; the filing-based debt failure is documented.

Business-activity disclosure

Unilever's continuing business is concentrated in beauty and wellbeing, personal care, home care and foods. Consumer products are generally permissible, but ingredient-level alcohol flavorings, porcine derivatives, animal testing, product claims and financial income require school-specific review.

Limitation: The annual report gives business-group turnover but does not allocate every product's ingredients or prohibited activity into a school-neutral numerator.

Purification

Unilever does not disclose a scholar-approved product-level prohibited-income percentage or universal purification amount.

Inputs, assumptions and primary sources
  • Amounts are EUR millions from Unilever's 2025 Form 20-F; 2025 comparatives and business-group reporting exclude the Ice Cream demerger.
  • Total financial liabilities are EUR 28,278 million; cash and cash equivalents are EUR 3,941 million and other financial assets are EUR 1,121 million.
  • Trade and other current receivables are EUR 7,346 million and turnover is EUR 50,503 million.
  • The filing does not provide a universal prohibited-income numerator for product-level ingredients or incidental finance income.

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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