Is OTLY halal?
Oatly Group AB
Not halal
Oatly Group AB did not pass AAOIFI screening. The failed check is shown below.
Checked: 13 October 2026
Exchange
NASDAQ
Price
11.25
Day
+0.72%
Market cap
$333.2M
Industry
Packaged Foods
Sector
Consumer Defensive
What the company does
Oatly (Sweden) makes oat-based dairy alternatives: oat milk, ice cream and yogurt. Its money comes from sales to supermarkets and coffee shops (the barista line).
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 $549.06M ÷ current market cap $333.17M = 164.8%
164.8%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $44.65M ÷ current market cap $333.17M = 13.4%
13.4%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $4.49M ÷ annual revenue $862.46M (2025) = 0.5%
0.5%
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 20.6% 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
Manually reviewed — clean
The industry was flagged as sensitive, so the company's filings were checked by hand on 13 August 2026. Conclusion:
Oatly — sulidan sut o'rnini bosuvchi mahsulotlar. NOT_HALAL verdikti moliyaviy (qarz), biznes toza
Halal stocks in the same industry
The largest halal stocks in Packaged Foods — for comparison.
Related articles
- ResearchMentions OTLYSPAC mergers and splits: why halal screening can go wrongAfter a reverse split or a SPAC merger the market cap can inflate many times over and an indebted company can look "halal". How we catch these errors.
- Halal investingBlogHaram revenue you can't see from the industry label: pork, weapons, casinosPork hides under "Packaged Foods", weapons under "Aerospace & Defense". What automated screening misses and how we catch it by hand.
- Halal investingBlogWhy a company's cash affects whether its stock is halalLots of cash sounds like a good sign — but halal screening checks it separately. What counts, what doesn't, and where we are stricter than AAOIFI.
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.