Is KO halal?

What the company does

Coca-Cola sells non-alcoholic drinks: Coca-Cola, Sprite, Fanta, Minute Maid, Powerade, Dasani and Costa coffee. It mainly makes concentrate and licenses its brands; bottling and distribution are done by separate bottler companies.

What was checked

The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.

• Business activity

  No prohibited activity

• Interest-bearing debt / market cap

  limit 30%

  Interest-bearing debt $43.54B ÷ 36-month average market cap $294.91B = 14.8%

  14.8%

  Pass

• Cash & investments / market cap

  limit 30%

  Cash + interest-bearing securities $16.37B ÷ 36-month average market cap $294.91B = 5.5%

  5.5%

  Pass

• Non-compliant income / total revenue

  limit 5%

  Interest income $786.00M ÷ annual revenue $47.94B (2025) = 1.6%

  1.6%

  Pass

Figures from the company's filings (2026-06-30), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict. Today's market cap: $390.56B.

For information (AAOIFI 3/1 note): cash + receivables are 18.6% of total assets (2026-06-30). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.

In the lists

In the S&P 500

0.53% weight · #29 of 503

Among halal stocks

0.57% · #25 of 1454

Held by funds

HLAL 0.88%

Dividend

2.31% · purify 1.6% · net 2.27%