The Short Answer
CAG is doubtful under the current filing-backed screen. The packaged-food activity is generally permissible, but debt/assets is above the examined limits and the portfolio includes pork and non-halal meat products.
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-02-22; calculated 2026-07-13.
7,332.4 / 19,212.3
55.1 / 19,212.3
812.1 / 19,212.3
0.5 / 2,787.8
- Financial
- Fails
- Overall
- Fails
Debt/assets is 38.17%, above the 33.333% limit; liquidity/assets is 0.29% and receivables plus cash/assets is 4.23%.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 38.17%, above the examined 33.33% limit; liquidity and receivables-plus-cash remain below their limits.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 38.17%, above the examined Malaysia SAC limit; liquidity/assets is below its limit.
- Financial
- Not calculated
- Overall
- Fails
No licensed historical market-cap series is stored; the asset-based screens fail on debt/assets.
Business-activity disclosure
Conagra sells packaged foods across frozen meals, snacks, groceries and foodservice. General food manufacturing is permissible, but brands and products include pork and non-halal meat exposure that strict boards may treat as a binding qualitative concern.
Limitation: The filing does not allocate revenue into a universal prohibited-food numerator, so no percentage is invented.
Purification
The filing discloses $0.5 million of interest income; ZakatInvest does not prescribe a fixed scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from Conagra's February 22, 2026 Form 10-Q.
- Debt includes notes payable, current long-term debt and senior long-term debt; receivables are reported trade receivables.
- Quarterly net sales were $2,787.8 million and disclosed interest income was $0.5 million.
- Conagra's packaged-food portfolio includes pork and non-halal meat products; the filing does not provide a universal prohibited-revenue 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.
Business activity
Conagra operates brands across frozen meals, snacks, groceries and foodservice. General food manufacturing is permissible, but Slim Jim, Banquet and other products create a material pork and non-halal meat concern for strict boards. Some recipes may also use alcohol as an ingredient.
What the filing changes
The February 22, 2026 filing reports $7.33 billion of interest-bearing debt against $19.21 billion of assets, or 38.17%. The filing does not provide a universal prohibited-food revenue numerator, so ZakatInvest keeps the product-mix assessment qualitative rather than inventing a percentage.
Bottom line
CAG remains doubtful. Investors should apply the school or advisory-board standard they follow and revisit the ratios when Conagra files its next report.