VFC
V.F. Corporation
Is VFC Halal?
Apparel and footwear brand house (The North Face, Vans, Timberland) with a generally permissible business but a current asset-based debt screen failure.
What You Should Know
V.F. Corporation owns outdoor, activewear, workwear and footwear brands including The North Face, Vans, Timberland and Dickies. Its March 28, 2026 Form 10-K reports $3,530.009 million of interest-bearing debt, $823.943 million of cash and $1,427.957 million of receivables against $9,290.177 million of assets. Debt/assets is 38.00%, above the examined 33.33% limit; cash plus securities/assets is 8.87%, receivables plus cash/assets is 24.24% and disclosed interest income/revenue is 0.19%. The business is generally permissible, but the current financial screen fails and brand marketing and product materials remain qualitative.
⚠️ Concerns
- •Debt/assets is 38.00%, above the examined 33.33% asset-based limit
- •Senior notes and borrowings are conventional, interest-bearing financing
- •Disclosed interest income is 0.19% of fiscal-year revenue; purification treatment remains scholar-dependent
- •Brand marketing, product materials and end-use activity remain qualitative
Current quantitative Sharia screen
Based on 10-K figures for the period ended 2026-03-28; calculated 2026-07-15.
3,530.009 / 9,290.177
823.943 / 9,290.177
2,251.9 / 9,290.177
18.028 / 9,605.207
- Financial
- Fails
- Overall
- Fails
Debt/assets is 38.00%, above the examined 33.333% limit; liquidity/assets is 8.87%, receivables-plus-cash/assets is 24.24% and disclosed interest income is 0.19%.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 38.00%, above the examined MSCI 33.33% total-assets limit; this is not an index-membership claim.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 38.00%, 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
V.F. Corporation owns and markets outdoor, activewear, workwear and footwear brands including The North Face, Vans, Timberland and Dickies. Apparel and footwear are generally permissible, but product-specific materials, marketing and end-use revenue are not reduced to a universal prohibited-revenue numerator.
Limitation: The filing does not classify every product, brand, licensee, marketing practice or customer end use by a universal Sharia category; activity remains qualitative.
Purification
V.F. discloses $18.028 million of interest income for fiscal 2026, but ZakatInvest does not prescribe a scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from V.F. Corporation's March 28, 2026 Form 10-K.
- Interest-bearing debt includes $10.139 million of short-term borrowings and $3,519.870 million of long-term debt; finance leases are not included because the current filing reports none.
- Cash and cash equivalents are $823.943 million; no separate interest-bearing securities balance is identified.
- Net accounts receivable is $1,427.957 million and fiscal-year revenue is $9,605.207 million.
- The filing reports $18.028 million of interest income for fiscal 2026; no fixed purification percentage is prescribed.
- Outdoor, activewear, workwear and footwear brands are generally permissible, while brand marketing, product materials and end-use 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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