NASDAQ Shariah screener · October 2026

Is Hasbro, Inc. (HAS) Halal?

PASS

Hasbro, Inc. · NASDAQ: HAS · Consumer Discretionary

The short answer

Hasbro passes all three Shariah gates: it is a toy and game company with no gambling or interest-based business disclosed, carries about $3,538.2M of interest-bearing debt (28.53% of its ~$12.4 billion market cap), and interest income of about 0.61% of revenue is under the 5% ceiling.

Gate 1 — Business activity: PASS

Gate 1 — business activity: PASS. Hasbro, Inc., per its FY2025 Form 10-K (fiscal year ended December 28, 2025, filed February 25, 2026), is a toy and game company reporting three segments: Consumer Products (sourcing, marketing and sales of toy and game products); Wizards of the Coast and Digital Gaming (promotion of the company's brands through the development of trading card, role-playing and digital game experiences, including Magic: The Gathering and Dungeons and Dragons); and Entertainment (development and production of Hasbro-branded entertainment content, including film, television, children's programming, digital content and live entertainment).

Its brand portfolio includes MONOPOLY, PLAY-DOH, NERF, TRANSFORMERS and PEPPA PIG, plus premier partner brands. It is not an interest-based lender and is not involved in conventional banking or insurance, alcohol, tobacco, pork, weapons, or adult entertainment. For transparency: the filing discloses no gambling segment or gambling revenue — text searches of the FY2025 10-K return zero mentions of gambling or loot-box mechanics; the Wizards segment sells trading cards, role-playing games and digital games. The business passes gate 1.

Gate 2 — Debt and cash: PASS

Gate 2 — interest-bearing debt: PASS (28.53%, ceiling 33%). Per Hasbro's Q2 2026 condensed consolidated balance sheet (June 28, 2026), long-term debt was $3,041.2 million and current portion of long-term debt was $497.0 million — total interest-bearing debt of $3,538.2 million. The FY2025 Form 10-K (December 28, 2025) showed total debt of $3,264.9 million; debt rose in 2026 after a $400 million notes issuance.

$3,538.2 million of interest-bearing debt against a market capitalization of about $12.4 billion (ad-hoc-news, September 25, 2026; Danelfin, October 2, 2026; Finnhub quoted $89.98 per share on October 2, 2026) is about 28.53% — under the 33% ceiling, though closer to it than most screened names. Cash and cash equivalents of $880.5 million plus short-term investments of $497.7 million at June 28, 2026 represent about 11.1% of market cap.

Gate 3 — Non-compliant income: PASS

Gate 3 — non-compliant income: PASS (0.61%, ceiling 5%). Hasbro's FY2025 Form 10-K separately discloses interest income on its Consolidated Statements of Operations: $28.6 million of interest income against net revenues of $4,701.3 million is about 0.61% — under the 5% ceiling (interest expense was $163.4 million). Management's discussion notes the interest income primarily reflects earnings on the company's investments in U.S. Treasury bills, which were substantially higher in 2024 ($47.3 million) than in 2025.

Zoya's HAS page cites the same FY2025 figures ($28.6 million interest income against $4,701.3 million revenue, about 0.61%) under its AAOIFI methodology. The most recent annual figure (0.61%) is used for this gate.

Key figures used

Business: toy and game company — three segments: Consumer Products (toy/game sourcing, marketing, sales); Wizards of the Coast and Digital Gaming (trading cards, role-playing and digital games — Magic: The Gathering, Dungeons and Dragons); Entertainment (Hasbro-branded film/TV/digital content); brands include MONOPOLY, PLAY-DOH, NERF, TRANSFORMERS, PEPPA PIG
Haram assessment: no interest-based lending; no conventional banking/insurance, alcohol, tobacco, pork, weapons, or adult entertainment; no gambling segment or revenue disclosed — 'gambling' and 'loot' return zero matches in the FY2025 10-K
Debt: $3,041.2M long-term debt + $497.0M current portion = $3,538.2M total interest-bearing debt at June 28, 2026; 28.53% of ~$12.4B market cap (ad-hoc-news, Sep 25, 2026) — under the 33% ceiling
Cash: $880.5M cash & equivalents + $497.7M short-term investments at June 28, 2026 (~11.1% of market cap)
Interest income: $28.6M in FY2025 (earnings on U.S. Treasury bill investments) vs $4,701.3M net revenues = 0.61% — under the 5% ceiling (interest expense $163.4M)
Market data: NASDAQ-listed (NASDAQ Global Select Market per 10-K cover); still listed (confirmed October 2, 2026; live quotes, no delisting); 140,685,758 shares outstanding as of Feb 13, 2026
Third-party: Zoya publishes a HAS page (AAOIFI, FY2025 figures cited) but its current rating could not be verified from the page text; no verifiable Musaffa or ShariaPortfolio rating found

Frequently asked questions

What does Hasbro do?

Hasbro, Inc. (NASDAQ: HAS) is a toy and game company headquartered in Pawtucket, Rhode Island. Per its FY2025 Form 10-K (fiscal year ended December 28, 2025, filed February 25, 2026), it reports three segments: Consumer Products (sourcing, marketing and sales of toy and game products); Wizards of the Coast and Digital Gaming (trading cards, role-playing and digital game experiences, including Magic: The Gathering and Dungeons and Dragons); and Entertainment (development and production of Hasbro-branded entertainment content). Its brand portfolio includes MONOPOLY, PLAY-DOH, NERF, TRANSFORMERS and PEPPA PIG, plus premier partner brands.

Is Hasbro's business Shariah compliant?

Hasbro is not an interest-based lender and is not involved in conventional banking or insurance, alcohol, tobacco, pork, weapons, or adult entertainment. Its FY2025 10-K discloses no gambling segment or gambling revenue - text searches of the filing return zero mentions of gambling or loot-box mechanics. The Wizards of the Coast and Digital Gaming segment sells trading cards, role-playing games and digital games. Assessed on the filed business description, the business passes this screener's first gate.

How much interest-bearing debt does Hasbro have?

Hasbro's Q2 2026 condensed consolidated balance sheet (June 28, 2026) shows long-term debt of $3,041.2 million and current portion of long-term debt of $497.0 million, for total interest-bearing debt of $3,538.2 million. Against a market capitalization of about $12.4 billion (ad-hoc-news, September 25, 2026; Danelfin, October 2, 2026), that is about 28.53% - under the 33% ceiling.

How much interest income does Hasbro earn?

Hasbro's FY2025 Form 10-K separately discloses interest income of $28.6 million against net revenues of $4,701.3 million - about 0.61%, under the 5% non-compliant income ceiling. The 10-K notes the interest income primarily reflects earnings on the company's investments in U.S. Treasury bills. Interest expense was $163.4 million.

What do third-party Shariah screeners say about Hasbro?

Zoya publishes a HAS page citing FY2025 figures ($28.6 million interest income against $4,701.3 million revenue, about 0.61%) under its AAOIFI methodology, but the compliance rating on the page did not render in a text fetch, so its current rating could not be verified from public sources. I could not verify a Musaffa rating page for HAS or a ShariaPortfolio rating 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).