The short answer
Hasbro is DOUBTFUL in ZakatInvest's qualitative classification, and its current asset-based financial result is FAIL. Toys and general board games are generally permissible at the activity level, but trading-card mechanics, digital-game monetization, fantasy content and entertainment licensing require school-specific review. Hasbro's debt and borrowings equal 60.91% of total assets, above the 33% limits used in the examined asset-based methods.
This is a reproducible research screen, not a fatwa or investment recommendation. Readers should apply their school's principles and consult a qualified scholar for a binding ruling.
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-29; calculated 2026-07-13.
3,612.1 / 5,930.3
1,385.7 / 5,930.3
1,569.7 / 5,930.3
10.1 / 1,000.2
- Financial
- Fails
- Overall
- Fails
Debt is 60.91%, above the examined 33.333% FTSE asset limit. Liquidity is 23.37%, receivables plus cash are 26.47%, and disclosed interest income is 1.01%; debt is decisive.
- Financial
- Fails
- Overall
- Fails
Debt is 60.91%, above the examined MSCI total-assets limit, while liquidity is 23.37% and receivables plus cash are 26.47%. This is a calculation against the named method, not an index-membership claim.
- Financial
- Fails
- Overall
- Fails
Debt is 60.91%, above the examined 33% Malaysia SAC financial limit; identifiable liquidity is 23.37%. 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
Hasbro sells toys, board games, trading-card products, tabletop role-playing games, digital games and entertainment/licensing content. Toys and general board games are generally permissible at the activity level, while random booster-pack economics, game monetization, fantasy content and entertainment licensing require school-specific qualitative review.
Limitation: The filing does not allocate a universal prohibited-revenue numerator for random-reward mechanics, fantasy content, entertainment subject matter or downstream customer use; no exact prohibited-revenue percentage is asserted.
Purification
Hasbro discloses interest income but does not prescribe a scholar-approved purification percentage. Readers should follow the qualified scholar or methodology they use rather than applying an invented fixed rate.
Inputs, assumptions and primary sources
- Inputs use Hasbro's March 29, 2026 Form 10-Q; amounts are USD millions and the revenue and interest-income figures are for the quarter.
- Debt uses total long-term borrowings at carrying cost of $3,612.1 million, including the current portion and before deferred debt expenses; operating lease liabilities are not added separately.
- Cash uses $857.1 million of cash and cash equivalents. Interest-bearing securities use $528.6 million of available-for-sale securities, of which $528.1 million were U.S. Treasury securities; the balance-sheet presentation splits these between short-term investments and other assets.
- Receivables use $712.6 million of net accounts receivable. Inventories, contract assets and other current assets are not added.
- Quarterly revenue is $1,000.2 million and disclosed interest income is $10.1 million. The screen does not infer a fixed purification rate.
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.
Current quantitative screen
The calculations use Hasbro's official filing at the SEC (first-quarter 2026 Form 10-Q). Amounts are in USD millions and use total assets as the denominator.
- Interest-bearing debt / assets: 60.91%, using $3,612.1 million of long-term borrowings at carrying cost, including current maturities.
- Cash plus available-for-sale securities / assets: 23.37%, using $857.1 million of cash and $528.6 million of available-for-sale securities.
- Receivables plus cash / assets: 26.47%, using $712.6 million of net receivables plus cash.
- Disclosed interest income / revenue: 1.01% for the quarter. No fixed purification percentage is prescribed here.
All three examined asset-based financial calculations fail on debt. Market-cap denominator methods are not calculated because ZakatInvest does not store a licensed, reproducible historical market-cap series. This is a calculation against named methods, not an official index-membership claim.
Hasbro's business activity
Hasbro operates Consumer Products, Wizards of the Coast and Digital Gaming, and Entertainment businesses. The portfolio includes Nerf, Play-Doh, Transformers, Monopoly, Magic: The Gathering, Dungeons & Dragons, digital games and brand licensing.
Toys and general board games are generally permissible at the activity level. The filing does not allocate a universal prohibited-revenue numerator for random-reward mechanics, fantasy content, entertainment subject matter or downstream customer use, so this article does not assert an exact prohibited-revenue percentage.
Qualitative considerations
- Trading-card economics: random booster-pack outcomes and secondary-market card values may be viewed as gambling-adjacent under stricter interpretations.
- Fantasy content: Dungeons & Dragons magic and supernatural themes may be assessed differently by scholars; this is a content-level concern.
- Digital monetization: in-game purchases and random-reward mechanics require title-level review rather than an unsupported company-wide percentage.
- Entertainment and licensing: Hasbro Entertainment and brand licensing create downstream content questions after the eOne divestiture.
- Leverage: borrowings are material and decisive in the current asset-based financial screen.
Purification and the verdict
Hasbro discloses interest income, but the filing does not prescribe a scholar-approved purification percentage. Follow the qualified scholar or methodology you use rather than applying an invented fixed rate.
Hasbro is DOUBTFUL in ZakatInvest's qualitative classification, and the current quantitative result is FAIL because debt is 60.91% of assets. Revisit the record when Hasbro files new statements or materially changes leverage, gaming monetization, licensing, content or its disclosures.
Use the quantitative screen alongside your school's principles and consult a qualified scholar before investing.
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