Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is The Estée Lauder Companies Inc. (EL) Halal?

PASS

The Estée Lauder Companies Inc. · NYSE: EL · Consumer Staples

The short answer

Yes — Estée Lauder (EL) passes this Shariah stock screen. The prestige-beauty maker (skin care, makeup, fragrance, hair care under brands such as Estée Lauder, La Mer, Clinique, and M·A·C) has no prohibited business lines. Its interest-bearing debt of $7,306M (long-term debt $6,803M + short-term debt $503M at June 30, 2026, per the FY2026 10-K filed August 19, 2026) is about 22.4% of its ~$32.63B market cap ($90.19 close, October 1, 2026) — under the ~33% ceiling. Combined interest income and investment income of $90M is about 0.60% of FY2026 net sales of $15,049M — under the 5% non-compliant income ceiling. Coverage differs across screeners: Zoya (October 2026) flags EL as not Shariah-compliant under its AAOIFI-based screen, while Musaffa (October 2026) classifies EL as halal; no ShariaPortfolio rating was found. This is a factual screen, not a religious ruling — consult a qualified scholar for personal guidance.

Gate 1 — Business activity: PASS

The Estée Lauder Companies Inc. (NYSE: EL) is a global prestige beauty company: it develops, manufactures, and markets skin care, makeup, fragrance, and hair care under 20-plus brands including Estée Lauder, La Mer, Clinique, M·A·C, Bobbi Brown, Jo Malone London, Aveda, Too Faced, Dr.Jart+, The Ordinary, Le Labo, and Tom Ford Beauty, sold in more than 150 countries through department stores, specialty retailers, travel retail/duty-free, brand stores, and e-commerce. Skin care is roughly half of sales. None of the disclosed lines are prohibited lines (no alcohol sales as a business line, gambling, pork, conventional banking/insurance, tobacco, cannabis, or adult entertainment). Gate 1 passes. Facts only.

Gate 2 — Debt and cash: PASS

At June 30, 2026 (FY2026 10-K, filed August 19, 2026) Estée Lauder reported long-term debt of $6,803M plus short-term debt of $503M — total interest-bearing debt of $7,306M. Against a market cap of about $32.63B (EL closed at $90.19 on October 1, 2026, per stockanalysis.com), debt ÷ market cap is about 22.4%, under the ~33% ceiling. Cash and cash equivalents of $3,498M are about 10.7% of market cap, within the ~33% guideline. Gate 2 passes. Facts only.

Gate 3 — Non-compliant income: PASS

For FY2026 (ended June 30, 2026) Estée Lauder disclosed $90M of combined interest income and investment income, net (the 10-K income-statement line; Zoya's October 2026 page cites the same $90M figure) against net sales of $15,049M — about 0.60% of revenue, well under the 5% non-compliant income ceiling. The interest is earned on cash balances, not from lending. Gate 3 passes. Facts only.

Key figures used

Frequently asked questions

What does Estée Lauder do?

The Estée Lauder Companies Inc. (NYSE: EL), founded in 1946 and listed on the NYSE since 1995, is a global prestige beauty company. It develops, manufactures, and markets skin care (about half of sales), makeup, fragrance, and hair care under 20-plus brands including Estée Lauder, La Mer, Clinique, M·A·C, Bobbi Brown, Jo Malone London, Aveda, Too Faced, Dr.Jart+, The Ordinary, Le Labo, and Tom Ford Beauty. Products are sold in more than 150 countries through department stores, specialty retailers (Sephora, Ulta), travel retail and duty-free, brand stores, and e-commerce. The company is Lauder-family controlled. None of the disclosed business lines are prohibited lines (no alcohol sales, gambling, pork, conventional banking or insurance, tobacco, or cannabis).

Why does Estée Lauder pass this Shariah stock screen?

Estée Lauder passes this Shariah stock screen on all three gates. Its prestige-beauty business (skin care, makeup, fragrance, hair care under brands such as Estée Lauder, La Mer, Clinique, and M·A·C) has no prohibited lines. Its interest-bearing debt — long-term debt of $6,803M plus short-term debt of $503M at June 30, 2026, $7,306M total — is about 22.4% of its ~$32.63B market cap (October 1, 2026 close of $90.19), under the ~33% ceiling. Its combined interest income and investment income of $90M for FY2026 is about 0.60% of net sales ($15,049M), under the 5% non-compliant income ceiling. Cash of $3,498M is about 10.7% of market cap, within the ~33% guideline. This is a factual screen, not a religious ruling — consult a qualified scholar for personal guidance.

What is Estée Lauder's interest-bearing debt ratio?

At June 30, 2026 (FY2026 10-K, filed August 19, 2026), Estée Lauder reported long-term debt of $6,803M and short-term debt of $503M — total interest-bearing debt of $7,306M. Against a market capitalization of about $32.63B (EL closed at $90.19 on October 1, 2026, per stockanalysis.com), debt ÷ market cap is about 22.4%, under the ~33% ceiling. Cash and cash equivalents of $3,498M are about 10.7% of market cap, within the ~33% guideline. The financial-structure gate passes; figures are taken from the 10-K balance sheet.

What is Estée Lauder's non-compliant income ratio?

For FY2026 (ended June 30, 2026), Estée Lauder disclosed $90M of combined interest income and investment income, net, against net sales of $15,049M — about 0.60% of revenue, well under the 5% non-compliant income ceiling. The $90M is the disclosed combined line from the 10-K income statement (Zoya's October 2026 page cites the same $90M figure). The income gate passes.

Do Zoya, Musaffa, or ShariaPortfolio cover Estée Lauder?

Coverage differs. Zoya (zoya.finance/stocks/el, updated October 2026) flags EL as not Shariah-compliant under its AAOIFI-based screen, citing $90M of interest income against FY2026 revenue of $15,049M — note the same page's FAQ text gives conflicting descriptions of how that interest income is disclosed, so the exact ratio detail should be read on Zoya's page. Musaffa (musaffa.com/stock/EL/, as of October 2026) classifies EL as halal under its own Shariah screening methodology. No ShariaPortfolio rating for EL was found — reported as absent, not invented. This page applies the screen directly from the company's FY2026 10-K: all three gates pass. A separate January 2024 thread on Zoya's community forum lists EL in a user-compiled boycott list — that is community discussion, not a screening rating.

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).