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AAOIFI No. 21 screening

Is SG halal?

Sweetgreen, Inc.

Halal

Sweetgreen, Inc. passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.

Checked: 16 October 2026

Exchange

NYSE

Price

10.04

Day

-5.28%

Market cap

$1.22B

Industry

Restaurants

Sector

Consumer Cyclical

What the company does

Sweetgreen runs healthy salad and bowl restaurants (250+ in the US) and sells no alcohol. Its money comes from food sales in its restaurants.

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 $0 ÷ current market cap $1.22B = 0.0%

    0.0%

    Pass

  • Cash & investments / market cap

    limit 30%

    Cash + interest-bearing securities $142.63M ÷ current market cap $1.22B = 11.7%

    11.7%

    Pass

  • Non-compliant income / total revenue

    limit 5%

    Interest income $6.55M ÷ annual revenue $679.47M (2025) = 1.0%

    1.0%

    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 16.6% 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
Among halal stocks
0.00% · #859 of 1454

Manually reviewed — clean

The industry was flagged as sensitive, so the company's filings were checked by hand on 15 August 2026. Conclusion:

Sweetgreen — salat restorani, alkogolsiz

Halal stocks in the same industry

The largest halal stocks in Restaurants — for comparison.

Related articles

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.

Earnings historySG's next report date, EPS estimate vs actual for recent quarters and the post-earnings price move.View earnings →