The short answer
Kimberly-Clark's personal-care and tissue business is HALAL in ZakatInvest's qualitative classification, but the current asset-based financial screen is FAIL. Debt and capital-lease obligations are 41.34% of total assets, above the 33% limits used in the examined FTSE Yasaar, MSCI and Malaysia calculations.
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 2026-03-31; calculated 2026-07-13.
7,104 / 17,184
559 / 17,184
2,870 / 17,184
5 / 4,163
- Financial
- Fails
- Overall
- Fails
Debt is 41.34%, above the examined 33.333% FTSE asset limit. Liquidity is 3.25%, receivables plus cash are 16.70%, and disclosed interest income is 0.12%; debt is decisive.
- Financial
- Fails
- Overall
- Fails
Debt is 41.34%, above the examined MSCI total-assets limit, while liquidity is 3.25% and receivables plus cash are 16.70%. This is a calculation against the named method, not an index-membership claim.
- Financial
- Fails
- Overall
- Fails
Debt is 41.34%, above the examined 33% Malaysia SAC financial limit; liquidity is 3.25%. 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
Kimberly-Clark manufactures personal-care, tissue, hygiene and professional products. These are generally permissible at the activity level, while individual formulations, sourcing and consumer certification require separate review.
Limitation: The filing does not allocate a universal prohibited-revenue numerator by ingredient, certification or downstream use; no exact prohibited-revenue percentage is asserted.
Purification
Kimberly-Clark 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 Kimberly-Clark's March 31, 2026 Form 10-Q; amounts are USD millions and revenue and interest income are for the quarter.
- Debt includes $609 million payable within one year and $6,475 million of long-term debt, plus $3 million current and $17 million long-term debt reported within discontinued operations; operating leases are not added separately.
- Cash includes $542 million of continuing-operations cash and $17 million held in discontinued operations. No separate marketable-securities balance is reported in the current balance sheet.
- Receivables include $2,001 million continuing-operations net receivables and $310 million in discontinued operations.
- Quarterly revenue is $4,163 million and disclosed interest income is $5 million; no fixed purification rate is inferred.
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 Kimberly-Clark'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: 41.34%, including debt reported in continuing and discontinued operations.
- Cash / assets: 3.25%, using $559 million of cash including discontinued operations.
- Receivables plus cash / assets: 16.70%, using $2,311 million of net receivables plus cash.
- Disclosed interest income / revenue: 0.12% 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.
Kimberly-Clark's business activity
Kimberly-Clark manufactures personal-care, tissue, hygiene and professional products across brands such as Huggies, Kotex, Kleenex, Cottonelle and Scott. These are generally permissible at the activity level; individual formulations, sourcing and consumer certification require separate review.
Qualitative considerations
- Product certification: individual products may use animal-derived ingredients or processing inputs that require SKU-level review.
- Sourcing and stewardship: pulp, paper, packaging, labor and environmental impacts remain ethical-diligence topics.
- Corporate changes: discontinued operations and transformation initiatives can change the consolidated mix and balance-sheet interpretation.
- Interest: disclosed interest income is small, but the filing does not prescribe a scholar-approved purification percentage.
The verdict
Kimberly-Clark remains HALAL in ZakatInvest's qualitative classification, but its current quantitative result is FAIL because debt and capital-lease obligations are 41.34% of assets. Revisit the record when Kimberly-Clark files new statements or materially changes leverage, operations, product mix or disclosures.
Use the quantitative screen alongside your school's principles and consult a qualified scholar before investing.
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