Quick Verdict
ZakatInvest retains a halal qualitative classification for Procter & Gamble (PG), and its March 2026 total-assets financial ratios pass the examined methods. Household, hygiene, grooming and personal-health products are generally permissible. The business-activity calculation remains incomplete because P&G does not disclose a Sharia-screened revenue numerator by formulation, ingredient, manufacturing method, testing practice or marketing activity.
What Procter & Gamble Sells
P&G reports five broad product segments. For the quarter ended March 31, 2026, Beauty contributed $3.866 billion of sales, Grooming $1.608 billion, Health Care $3.073 billion, Fabric & Home Care $7.403 billion, and Baby, Feminine & Family Care $5.058 billion. Corporate and incidental activities contributed $225 million, producing $21.235 billion of consolidated net sales.
Cleaning, oral-care, hygiene, baby-care, menstrual-care and many beauty and grooming products serve ordinary beneficial needs. A segment label cannot establish the status of every formulation, however, so the analysis keeps product-level questions visible instead of assuming the whole portfolio is identical.
Current Financial Screening
The calculation below uses P&G's latest available Form 10-Q as of this review and links directly to the official filing at the SEC. Balance-sheet inputs use March 31, 2026, and income inputs use the matching three-month period.
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-12.
37,026 / 128,378
12,306 / 128,378
18,628 / 128,378
100 / 21,235
- Financial
- Pass
- Overall
- Incomplete
Debt is 28.84%, identifiable liquidity is 9.59%, receivables plus cash is 14.51%, and disclosed gross interest income is 0.47%. The financial ratios pass, but a screened business-revenue numerator is unavailable.
- Financial
- Pass
- Overall
- Incomplete
The examined total-assets financial ratios pass. Overall classification remains incomplete because product- and practice-level screened operating revenue is not separately disclosed.
- Financial
- Pass
- Overall
- Incomplete
The examined financial ratios pass, but a screened business-revenue percentage is unavailable. This is a calculation against the SAC ratios, not an official SAC classification of a U.S.-listed security.
- Financial
- Not calculated
- Overall
- Not calculated
A properly licensed and reproducible 24- or 36-month issuer market-cap history is not yet stored, so these methods are not estimated from a current spot price.
Business-activity disclosure
Procter & Gamble sells household, hygiene, grooming, beauty, oral-care, over-the-counter health, baby, feminine-care and family-care products. Everyday cleaning, personal care and health products are generally permissible and beneficial. Product-level formulation and practice evidence remains necessary rather than treating every item in a broad consumer-goods portfolio identically.
Limitation: The filing does not classify revenue by Sharia-screened ingredient, alcohol carrier, animal-derived input, product formulation, manufacturing method, licensing arrangement, testing method, marketing practice, or end use. No prohibited core segment is identified, but an exact prohibited-revenue percentage cannot be proven from consolidated segment disclosure.
Purification
Disclosed gross interest income equals 0.47% of quarterly net sales. Screened operating revenue remains unavailable, so this ratio is evidence for the income screen rather than a complete fixed purification prescription.
Inputs, assumptions and primary sources
- Interest-bearing debt is the sum of 13,174 of debt due within one year plus 23,852 of long-term debt.
- Cash and cash equivalents use the reported 12,306 balance. The filing states that 11,100 of that balance consists of cash equivalents and that there were no other material investments in debt or equity securities.
- Interest-bearing securities are recorded as zero outside cash equivalents because the filing reports no other material debt or equity investments; this avoids double counting interest-bearing instruments already inside cash equivalents.
- Receivables use the reported 6,322 accounts-receivable balance.
- Net sales and the disclosed 100 of gross interest income use the same three-month period ended March 31, 2026.
- Procter & Gamble reports five product-based segments but does not provide a Sharia-screened numerator for ingredients, alcohol carriers, animal-derived inputs, manufacturing, licensing, testing, marketing, or other potentially non-compliant activity.
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.
What the Numbers Show
Debt is 28.84% of total assets. Identifiable liquidity is 9.59%, and accounts receivable plus cash is 14.51%. Disclosed gross interest income is 0.47% of quarterly net sales. Those examined financial ratios pass.
P&G reports that cash equivalents were $11.1 billion and that it had no other material debt or equity investments. The liquidity input therefore uses the full reported cash-and-equivalents balance without adding a duplicate securities amount. Market-cap methods require a reproducible historical average denominator and are not estimated from a current spot price.
Ingredients and Product Formulations
The existing qualitative analysis correctly recognized that individual products can raise ingredient questions, but a company-wide assertion about porcine derivatives or alcohol is not supported by the consolidated filing. Specific formulations should be checked for animal-derived inputs, alcohol carriers and other ingredients when a chosen standard requires it. A concern about one product is not evidence that every P&G product or all consolidated revenue is non-compliant.
Broader Qualitative Review
Investors may also examine product safety and efficacy claims, labeling, advertising and marketing to children or vulnerable consumers; animal testing and validated alternatives; palm oil, pulp and chemical sourcing; plastics, packaging, water, emissions, deforestation and waste; supplier labor and human rights; restructuring and workforce impacts; privacy, cybersecurity, market power and affordability. These stewardship questions supplement rather than replace the financial ratios.
Dividend and Purification
P&G announced a 3% dividend increase in April 2026, its 70th consecutive annual increase and 136th consecutive year of paying a dividend. Applying that announced increase to the preceding $1.0568 quarterly amount gives approximately $1.0885 per share, or $4.354 annually; the live yield still depends on the current share price. Disclosed gross interest income equals 0.47% of quarterly sales, but screened operating revenue is unavailable, so ZakatInvest does not present 0.47% as a complete fixed purification prescription.
Bottom Line
ZakatInvest's current qualitative verdict for PG remains halal, and the examined total-assets financial screens pass. The conclusion reflects its generally permissible daily-use products and current reproducible ratios, while product formulations, interest purification, testing, sourcing, marketing and environmental and labor impacts remain under qualitative review. This is a screening classification, not an investment recommendation or fatwa; investors seeking a binding ruling should apply their chosen methodology with a qualified Sharia adviser.
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