Halal Consumer defensive stocks
US Consumer defensive stocks screened against the AAOIFI standard: business activity, interest-bearing debt, cash and interest income. Below are the largest halal ones by market cap.
Halal
78
Not halal
138
Doubtful
8
Not enough data
8
34% of the sector is halal · 232 listed companies in total
Why companies in this sector pass or fail
Food, beverages, household products and supermarkets. The business screen matters here: companies tied to alcohol, tobacco or pork are excluded for their line of business (some were found by manual review). For the rest the main reason is debt — companies with stable revenue are often financed with borrowing.
This is a general observation, not a fatwa. Every company is screened individually — the result is on its own page, with the ratios. Methodology
Not halal — by reason
138 companies are currently not halal. One company can fail for several reasons; the interest-income test only applies once the debt and cash ratios pass.
- Prohibited business (banking, insurance, alcohol, gambling...)30 · 22%
- Interest-bearing debt ≥ 30% (of market cap)85 · 62%
- Cash & investments ≥ 30%45 · 33%
- Interest (non-compliant) income ≥ 5%1 · 1%
- Other (collapsed market cap, no revenue, etc.)1 · 1%
Largest halal stocks — Consumer defensive
The 30 largest by market cap. Open any row for the full stock page — ratios, formula and date.
| # | Company | Industry | Market cap | Price | Debt | Cash | Interest income |
|---|---|---|---|---|---|---|---|
| 1 | Discount Stores | $907.58B | 118.81 | 8.0 | 1.6 | 0.1 | |
| 2 | Discount Stores | $427.63B | 989.11 | 2.0 | 5.0 | 0.2 | |
| 3 | Beverages - Non-Alcoholic | $390.56B | 93.86 | 14.8 | 5.5 | 1.6 | |
| 4 | Household & Personal Products | $366.90B | 159.33 | 9.3 | 2.7 | 0.5 | |
| 5 | Beverages - Non-Alcoholic | $177.60B | 131.49 | 25.3 | 5.1 | — | |
| 6 | Household & Personal Products | $139.79B | 66.175 | 22.2 | 6.8 | 0.8 | |
| 7 | Beverages - Non-Alcoholic | $85.09B | 45.73 | 0.0 | 5.4 | — | |
| 8 | Confectioners | $79.28B | 63.91 | 27.3 | 1.9 | 0.8 | |
| 9 | Household & Personal Products | $72.57B | 94.08 | 10.8 | 1.9 | 0.4 | |
| 10 | Discount Stores | $69.80B | 154.25 | 26.5 | 9.3 | — | |
| 11 | Farm Products | $38.50B | 82.6 | 26.7 | 3.6 | 0.1 | |
| 12 | Household & Personal Products | $36.38B | 104.53 | 20.8 | 10.0 | 0.6 | |
| 13 | Household & Personal Products | $35.65B | 18.9 | 22.1 | 2.9 | 0.3 | |
| 14 | Household & Personal Products | $32.60B | 105.57 | 15.7 | 2.3 | 0.1 | |
| 15 | Confectioners | $32.56B | 170.84 | 17.2 | 2.4 | 0.3 | |
| 16 | Household & Personal Products | $23.95B | 104.49 | 9.3 | 2.1 | 0.4 | |
| 17 | Discount Stores | $22.26B | 124.18 | 13.7 | 4.9 | — | |
| 18 | Beverages - Non-Alcoholic | $13.02B | 210.33 | 24.2 | 1.6 | — | |
| 19 | Discount Stores | $12.52B | 102.96 | 5.4 | 0.3 | 0.0 | |
| 20 | Packaged Foods | $12.44B | 46.35 | 26.1 | 1.8 | 0.6 | |
| 21 | Beverages - Non-Alcoholic | $7.07B | 28.19 | 6.0 | 5.7 | 0.8 | |
| 22 | Discount Stores | $6.81B | 57.715 | 25.1 | 9.6 | 0.2 | |
| 23 | Household & Personal Products | $6.41B | 113.53 | 12.2 | 5.1 | 0.4 | |
| 24 | Grocery Stores | $6.25B | 65.2 | 1.2 | 2.3 | 0.1 | |
| 25 | Packaged Foods | $6.09B | 97.935 | 23.0 | 12.3 | — | |
| 26 | Education & Training Services | $5.41B | 38.61 | 6.5 | 4.7 | 0.4 | |
| 27 | Discount Stores | $5.26B | 93.18 | 0.0 | 8.6 | 0.7 | |
| 28 | Discount Stores | $5.22B | 169.81 | 5.6 | 9.9 | 0.2 | |
| 29 | Education & Training Services | $4.37B | 126.48 | 18.8 | 11.5 | 0.3 | |
| 30 | Education & Training Services | $4.14B | 161.58 | 0.0 | 6.0 | 1.3 |
Ratios in percent; limits: debt < 30%, cash < 30%, interest income < 5%.
The other 48 halal stocks — in the screener
The public page is a sample. The screener filters by sector and halal status: sort every Consumer defensive stock by 40+ metrics (P/E, margins, growth, technicals).
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Industries in this sector
Industries with at least 5 halal stocks — each with its own list and failure reasons.
Other sectors
Frequently asked questions
- Which Consumer defensive stocks are halal?
- According to our AAOIFI-based screening, 78 of 232 listed Consumer defensive companies are halal. The largest by market cap: Walmart Inc. (WMT), Costco Wholesale Corporation (COST), Coca-Cola Company (The) (KO), Procter & Gamble Company (The) (PG), Pepsico, Inc. (PEP). The full list and each company's ratios are on the stock pages.
- Why are some Consumer defensive companies not halal?
- Food, beverages, household products and supermarkets. The business screen matters here: companies tied to alcohol, tobacco or pork are excluded for their line of business (some were found by manual review). For the rest the main reason is debt — companies with stable revenue are often financed with borrowing.
- Is this a fatwa or investment advice?
- No. This is the result of automated screening based on public data. It is neither a fatwa nor an investment recommendation. Consult a scholar or adviser you trust before making decisions.
- How often are the results updated?
- Screening runs every day: when a new quarterly report comes out, the ratios are recalculated and the status may change. Each stock page shows the date it was checked.
Terms
Not a fatwa and not investment advice. Screening is automated from public financial reports and may be wrong or out of date.