Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is Dick's Sporting Goods, Inc. (DKS) Halal?

PASS

Dick's Sporting Goods, Inc. · NYSE: DKS · Consumer Discretionary

The short answer

Dick's Sporting Goods passes all three Shariah gates: it is a sporting goods retailer (not an interest-based lender), carries about $1,866.1M of interest-bearing debt (15.6% of its ~$11.93 billion market cap), and interest income of about 0.24% of revenue is under the 5% ceiling.

Gate 1 — Business activity: PASS

Gate 1 — business activity: PASS. Dick's Sporting Goods, Inc., per its FY2025 Form 10-K (fiscal year ended January 31, 2026, filed March 27, 2026), is an omnichannel sporting goods retailer founded in 1948 and headquartered in Coraopolis, Pennsylvania. It sells sports equipment, apparel, footwear and outdoor gear through Dick's Sporting Goods stores, Dick's Field House, Dick's House of Sport, Golf Galaxy, Public Lands and Going Going Gone! specialty concept stores, plus eCommerce and mobile apps, GameChanger (youth sports platform) and DICK'S Media Network. In September 2025 it completed the $2.5 billion acquisition of Foot Locker, adding Foot Locker, Kids Foot Locker, Champs Sports, WSS and atmos.

It is not an interest-based lender and is not involved in tobacco, gambling, pork, or conventional banking or insurance. For transparency: a securities class action filed in 2026 alleges the company misrepresented the Foot Locker inventory cleanup ahead of a sharp share-price decline (lead-plaintiff deadline November 3, 2026) — a disclosure dispute, not a business-line issue. The business passes gate 1.

Gate 2 — Debt and cash: PASS

Gate 2 — interest-bearing debt: PASS (15.6%, ceiling 33%). Per Dick's Sporting Goods' FY2025 Form 10-K (Note 10 — Long-Term Debt and Financing Lease Obligations), total long-term debt and financing lease obligations were $1,905,299 thousand at January 31, 2026: Senior Notes of $1,900 million principal (3.15% notes due 2032, 4.10% notes due 2052, and 4.00% notes due 2029 largely assumed with Foot Locker) plus financing lease obligations of $39,242 thousand, net of discounts and issuance costs. Excluding the $39.2 million of financing lease obligations (not interest-bearing debt), interest-bearing debt is about $1,866.1 million.

$1,866.1 million against a market capitalization of about $11.93 billion (Finnhub, October 2, 2026; NYSE: DKS) is about 15.6%, under the 33% ceiling. The Q2 fiscal 2026 Form 10-Q (August 1, 2026) shows a similar position: $1.91 billion of long-term debt and financing lease obligations. Cash and cash equivalents were $1,353,226 thousand at January 31, 2026 (about 11.3% of market cap) and $913.7 million at August 1, 2026 (about 7.7% of market cap).

Gate 3 — Non-compliant income: PASS

Gate 3 — non-compliant income: PASS (0.24%, ceiling 5%). Dick's Sporting Goods' FY2025 Form 10-K separately discloses interest income in the cash-and-cash-equivalents note: $41.9 million of interest income for fiscal 2025, recorded within other income, against net sales of $17,215,120 thousand is about 0.24% — under the 5% ceiling (fiscal 2024: $77.9 million; fiscal 2023: $79.7 million — a declining trend).

For transparency: Note 11 of the 10-K discloses an additional $1.3 million of swap interest income on a cross-currency swap acquired with Foot Locker, and Zoya's page reads only the income statement's own line and records interest income as $0 — all readings are well under the 5% ceiling. The most recent annual figure (0.24%) is used for this gate.

Key figures used

Frequently asked questions

What does Dick's Sporting Goods do?

Dick's Sporting Goods, Inc. (NYSE: DKS) is an omnichannel sporting goods retailer founded in 1948 and headquartered in Coraopolis, Pennsylvania (Pittsburgh area). Per its FY2025 Form 10-K (fiscal year ended January 31, 2026, filed March 27, 2026), it operates Dick's Sporting Goods stores, Dick's Field House, Dick's House of Sport, Golf Galaxy, Public Lands and Going Going Gone! specialty concept stores, plus GameChanger (a youth sports mobile platform), DICK'S Media Network, and eCommerce/mobile. In September 2025 it completed the $2.5 billion acquisition of Foot Locker, adding Foot Locker, Kids Foot Locker, Champs Sports, WSS and atmos.

Is Dick's Sporting Goods' business Shariah compliant?

Dick's Sporting Goods is a sporting goods retailer - apparel, footwear, equipment, golf, fitness and outdoor gear sold through stores and online. It is not an interest-based lender and is not involved in tobacco, gambling, pork, or conventional banking or insurance. The $2.5 billion Foot Locker acquisition (closed September 8, 2025) expanded its footwear retail footprint but did not change the nature of the business. For transparency: a securities class action filed in 2026 alleges the company misrepresented the Foot Locker inventory cleanup ahead of a sharp share-price decline (lead-plaintiff deadline November 3, 2026) - a disclosure dispute, not a business-line issue. Assessed on the filed numbers, the business passes this screener's first gate.

How much interest-bearing debt does Dick's Sporting Goods have?

Dick's Sporting Goods' FY2025 Form 10-K reports total long-term debt and financing lease obligations of $1,905,299 thousand at January 31, 2026 (Note 10): Senior Notes of $1,900 million principal (2032, 2052 and 2029 series) plus financing lease obligations of $39,242 thousand, net of discounts and issuance costs. Excluding the $39.2 million of financing lease obligations (not interest-bearing debt), interest-bearing debt is about $1,866.1 million. Against a market capitalization of about $11.93 billion (Finnhub, October 2, 2026), that is about 15.6% - under the 33% ceiling. The Q2 fiscal 2026 Form 10-Q (August 1, 2026) shows a similar position: $1.91 billion of long-term debt and financing lease obligations, with $913.7 million of cash and cash equivalents (about 7.7% of market cap).

How much interest income does Dick's Sporting Goods earn?

Dick's Sporting Goods' FY2025 Form 10-K separately discloses interest income in the cash-and-cash-equivalents note: interest income of $41.9 million for fiscal 2025 against net sales of $17,215,120 thousand is about 0.24% - under the 5% non-compliant income ceiling (fiscal 2024: $77.9 million; fiscal 2023: $79.7 million, a declining trend). For transparency: the 10-K's Note 11 discloses an additional $1.3 million of swap interest income on a cross-currency swap acquired with Foot Locker, and Zoya's page reads the income statement's own line and records interest income as $0 - all readings are well under 5%. The most recent annual figure (0.24%) is used for this gate.

What do third-party Shariah screeners say about Dick's Sporting Goods?

Musaffa classified DKS as halal as of August 2026, ShariaPortfolio rates DICK'S Sporting Goods Inc Shariah Compliant (passing 5/5 of its standards), and MuslimXchange (AAOIFI-certified advisor) rates it Shariah compliant as of September 2026. In divergence, Zoya's page flags DKS as not Shariah-compliant - its page text rendered inconsistently in a text fetch so the exact reason could not be verified from public sources. Third-party screeners apply different assumptions and update on different schedules, and their results can change when new financial statements are published - always check the latest screening before investing.

Sources

Screened 2026-10-02 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).