Is MICC halal?
The Magnum Ice Cream Company N.
Not halal
The Magnum Ice Cream Company N. did not pass AAOIFI screening. The failed check is shown below.
Checked: 13 October 2026
Exchange
NYSE
Price
18.44
Day
+1.37%
Market cap
$10.77B
Industry
Packaged Foods
Sector
Consumer Defensive
What the company does
The Magnum Ice Cream Company, spun off from Unilever in 2025, is the world's largest ice-cream maker: Magnum, Ben & Jerry's, Wall's, Cornetto and Breyers. Its money comes from ice-cream sales in 60+ countries.
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 $4.12B ÷ current market cap $10.77B = 38.3%
38.3%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $691.73M ÷ current market cap $10.77B = 6.4%
6.4%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $30.22M ÷ annual revenue $8.85B (2025) = 0.3%
0.3%
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.
For information (AAOIFI 3/1 note): cash + receivables are 37.6% 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
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 7 superinvestors · Average reported price: $16.95
- Mason HawkinsSoutheastern Asset Management$17.4M0.9%
- First Eagle Investment Management$801.3M0.7%
- First Pacific Advisors$51.7M0.7%
- Richard PzenaPzena Investment Management$201.1M0.6%
- Nelson PeltzTrian Fund Management$4.2M0.1%
- Lee AinslieMaverick Capital$4.6M0.0%
Manually reviewed — clean
The industry was flagged as sensitive, so the company's filings were checked by hand on 13 August 2026. Conclusion:
Muzqaymoq (Unilever'dan ajralgan: Magnum, Ben & Jerry's, Wall's, Cornetto, Breyers). Faoliyat toza; alkogol/jelatin masalasi INGREDIYENT darajasida va bozorga qarab o'zgaradi (Malayziya/BAA/Saudiyada halal sertifikatli liniyalar bor) — daromad ulushi 5% dan past, WMT/COST bilan bir mantiq. DIQQAT: bu investitsiya skrini, iste'mol uchun fatvo emas
Halal stocks in the same industry
The largest halal stocks in Packaged Foods — for comparison.
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Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.