Quick Verdict
Target (TGT) is doubtful on ZakatInvest's current record. General retail is permissible in principle, but Target sells alcohol, tobacco and lottery products and does not disclose a reproducible consolidated prohibited-revenue percentage. This is a research screen, not a fatwa or investment recommendation.
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-05-02; calculated 2026-07-14.
15,415 / 58,010
3,534 / 58,010
3,534 / 58,010
- Financial
- Incomplete
- Overall
- Incomplete
Debt is 26.57%, liquidity is 6.09%, and receivables plus cash is 6.09%; the financial ratios pass the examined limits, but income is unavailable and the mixed merchandise business is not quantified.
- Financial
- Pass
- Overall
- Incomplete
Debt, liquidity and receivables plus cash are below the examined total-assets limits. This is not an index-membership claim; business-activity revenue remains undisclosed.
- Financial
- Pass
- Overall
- Incomplete
Debt and identifiable liquidity are below 33% of total assets. This is a calculation against SAC ratios, not an official classification; screened business revenue remains unavailable.
- Financial
- Not calculated
- Overall
- Not calculated
A properly licensed and reproducible 24- or 36-month issuer market-cap history is not stored, so market-cap methods are not estimated from a current spot price.
Business-activity disclosure
Target operates general merchandise stores and digital retail channels. General retail is mixed and the filing does not quantify the revenue attributable to alcohol, tobacco, lottery or other categories that different scholars may treat differently.
Limitation: Broad merchandise categories and other-current-asset balances cannot be converted into a reproducible prohibited-revenue numerator without unsupported estimates.
Purification
Target does not separately disclose gross interest income or screened product revenue, so no purification percentage is inferred.
Inputs, assumptions and primary sources
- Debt combines $1,133 million of current debt and $14,282 million of long-term debt and other borrowings.
- Target reports $3,534 million of cash and cash equivalents, including $2,544 million of short-term investments; the combined balance is used as the cash input and no additional securities amount is added.
- Target's retail balance sheet does not report trade receivables as a separate line; accounts receivable is recorded as zero rather than inferred from other current assets.
- Quarterly net sales are $25,443 million. The filing does not separately disclose alcohol, tobacco, lottery or gross interest-income revenue.
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.
Target's Revenue Mix
Target is primarily a discretionary and essential goods retailer:
- Apparel & accessories: 16% of merchandise sales ($3,846 million)
- Beauty: 14% ($3,398 million)
- Food & beverage: 25% ($6,263 million), including categories that require product-level review
- Hardlines: 14% ($3,522 million)
- Home furnishings & décor: 13% ($3,239 million)
- Household essentials: 18% ($4,570 million)
Target reports broad merchandise categories rather than a consolidated alcohol, tobacco or lottery revenue line. Its filing also reports advertising and credit-card profit-sharing revenue, which require separate contract-level review.
Financial Screening
- Debt / total assets: 26.57% (May 2, 2026 filing)
- Liquidity / total assets: 6.09%
- Receivables plus cash / total assets: 6.09%; trade receivables are not separately reported
- Prohibited-revenue numerator: Not disclosed; no unsupported percentage is invented
Screening Agencies' Verdict
- Methodologies differ on business-activity definitions and denominators.
- The asset-based financial ratios pass the examined MSCI and Malaysia thresholds; FTSE remains incomplete because gross interest income is unavailable.
- This page does not claim index membership, adviser approval or a universal scholar consensus.
Bottom Line
Target remains a mixed retail business with unresolved product and revenue classification. Readers should apply the methodology and scholar they follow, review the next filing, and avoid treating this page as a universal halal or haram certification.
Use our free halal checker to screen TGT and thousands of other stocks.
Open Halal Checker →