The Short Answer
DICK'S Sporting Goods (DKS) is generally halal on the retained business-activity review, with an incomplete category-level review. Its May 2, 2026 filing reports $1,905.810 million of long-term debt and financing lease obligations against $17,832.944 million of assets, producing a 10.69% debt/assets ratio. Liquidity is 5.60% and receivables plus cash are 8.21%, so the examined asset-based financial ratios pass. This is a methodology-based review, not a fatwa or universal certification.
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-05-02; calculated 2026-07-13.
1,905.81 / 17,832.944
998.228 / 17,832.944
1,464.749 / 17,832.944
8.7 / 5,164.504
- Financial
- Pass
- Overall
- Incomplete
Debt is 10.69%, liquidity is 5.60%, receivables plus cash are 8.21% and disclosed interest income is 0.17%; the examined financial ratios pass, while screened business revenue remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt, liquidity and receivables plus cash pass the examined MSCI total-assets limits; the sporting-goods category and product mix remain incompletely allocated. This is a calculation against the named method, not an index-membership claim.
- Financial
- Pass
- Overall
- Incomplete
Debt is 10.69%, liquidity is 5.60% and disclosed interest income is 0.17%; business-category allocation remains incomplete. This is a calculation against SAC ratios, not an official classification of a U.S.-listed security.
- Financial
- Not calculated
- Overall
- Not calculated
A properly licensed and reproducible historical market-cap series is not stored, so these methods are not estimated from a current spot price.
Business-activity disclosure
DICK'S Sporting Goods operates sporting-goods, athletic-apparel, footwear, golf, outdoor and experiential retail banners, digital platforms and the GameChanger youth-sports platform. The company also includes the acquired Foot Locker, Kids Foot Locker, Champs Sports, WSS and atmos banners. General sporting-goods and athletic-retail activities are generally permissible at the issuer level.
Limitation: The filing reports broad retail categories and banners but does not provide a universal prohibited-revenue numerator by firearms, ammunition, hunting, licensed merchandise, customer use or product end use. No unsupported corporate percentage is estimated.
Purification
Disclosed interest income is 0.17% of quarterly revenue and passes the examined income limit, but no universal prohibited-revenue numerator or fixed scholar-approved purification percentage is asserted.
Inputs, assumptions and primary sources
- Inputs use DICK'S Sporting Goods' 13-week first-quarter fiscal 2026 Form 10-Q for the period ended May 2, 2026; amounts are USD millions.
- Assets use reported total assets of $17,832.944 million. Cash and cash equivalents were $998.228 million and net accounts receivable were $466.521 million.
- Debt uses $1,905.810 million of long-term debt and financing lease obligations. Revolving credit borrowings were zero; operating lease liabilities are not silently added as conventional debt.
- No separately disclosed interest-bearing security balance is entered for this specialty retailer. Cash equivalents are not double-counted as securities.
- Quarterly revenue was $5,164.504 million. The filing separately discloses $8.7 million of interest income in the interest-expense discussion, which is entered as disclosed income.
- The filing does not allocate a reproducible prohibited-revenue numerator by sporting-goods category, firearms, ammunition, customer, licensed merchandise or downstream use. No unsupported haram-revenue percentage is asserted.
- Foot Locker was acquired on September 8, 2025 and its results are included for the full 13-week period in this quarter; the acquisition materially changes comparability with prior periods.
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.
This is a reproducible ZakatInvest calculation from DICK'S first-quarter fiscal 2026 Form 10-Q. Market-cap denominator methods are not estimated without a licensed historical market-cap series.
Sharia Screening Methodology
Islamic equity screens commonly examine business activity, interest-bearing debt, cash and securities, receivables and separately disclosed non-compliant income. Denominators and thresholds vary by methodology, so the named methods are shown separately rather than collapsed into one unexplained label.
DICK'S Sporting Goods' Business Activity
DICK'S operates full-line sporting-goods stores, Golf Galaxy, Public Lands, DICK'S House of Sport, Going Going Gone!, digital platforms and the GameChanger youth-sports platform. The September 2025 Foot Locker acquisition added Foot Locker, Kids Foot Locker, Champs Sports, WSS and atmos banners; those results are included for the full 13-week quarter in the latest filing.
Product categories include athletic apparel and footwear, team-sports equipment, golf, tennis, fitness, running, cycling, camping, hiking, fishing, hunting, water sports and licensed team merchandise. Sporting-goods retail, athletic apparel and footwear, outdoor equipment and youth-sports services are generally permissible at the issuer level.
Current Quantitative Ratios (May 2, 2026)
- Interest-bearing debt / assets: 10.69% — below the examined 33% limits ✅
- Cash + interest-bearing securities / assets: 5.60% — below the examined liquidity limits ✅
- Receivables + cash / assets: 8.21% — below the examined 50% limit ✅
- Disclosed interest income / revenue: 0.17% — based on $8.7 million of interest income over $5,164.504 million of quarterly revenue ✅
- Prohibited-revenue numerator: Not disclosed; firearms, ammunition, licensed merchandise and customer end use remain qualitative review topics
Concerns to Be Aware Of
1. Firearms-and-ammunition category
The hunting-and-fishing category has historically included firearms and ammunition at certain Field & Stream locations. DICK'S has reduced that assortment and exited modern sporting-rifle SKUs at chainwide level, but current category mix should be verified rather than assumed to be zero. The filing does not quantify a corporate firearms-revenue numerator.
2. Foot Locker acquisition and product mix
Foot Locker, Kids Foot Locker, Champs Sports, WSS and atmos were included for the full quarter after the September 2025 acquisition. The transaction expands footwear and apparel exposure and makes comparisons with pre-acquisition periods less direct.
3. GameChanger and customer payment options
GameChanger provides youth-sports streaming, scheduling, communications and scorekeeping. Privacy, child safety, content moderation and platform governance remain qualitative diligence topics. Customer credit-card and buy-now-pay-later options are payment mechanisms; DICK'S itself does not present as an interest-bearing consumer lender.
4. Operating leases
Operating-lease obligations are central to the brick-and-mortar footprint. They are not silently treated as conventional interest-bearing debt in the quantitative input; financing lease obligations are retained in the reported debt figure.
How to Read the Result
DKS passes the examined financial ratios and has a generally permissible sporting-retail activity. The overall result remains methodology-dependent because firearms, ammunition, licensed merchandise and customer end-use revenue are not separately quantified. FTSE Yasaar, MSCI total-assets and Malaysia SAC-style calculations are shown separately in the quantitative panel; they are not official index-membership determinations.
Investors should consult a qualified Sharia adviser for their school of jurisprudence and review the next filing for changes to the Foot Locker perimeter, category mix, debt and leases.
Bottom Line
DICK'S Sporting Goods (DKS) is currently generally halal with an incomplete category-level review. Its sporting-goods, athletic-apparel, footwear, outdoor and youth-sports activities are generally permissible, while the current 10.69% debt/assets, 5.60% liquidity, 8.21% receivables-plus-cash and 0.17% disclosed interest-income ratios pass the examined financial limits.
Sporting retail is generally permissible; firearms-category mix, Foot Locker integration and product end use remain qualitative review topics.
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