NYSE Shariah screener · October 2026
Is The Kraft Heinz Company (KHC) Halal?
The Kraft Heinz Company · NYSE: KHC · Consumer Staples
The short answer
No - The Kraft Heinz Company (KHC) fails this Shariah stock screen at the debt gate. The business is packaged food and beverages (Kraft, Heinz, Oscar Mayer, Philadelphia, Maxwell House), with no alcohol, tobacco, or gambling businesses disclosed in its FY2025 10-K (filed February 12, 2026); Oscar Mayer pork products are ingredient-level, not a revenue segment. Interest-bearing debt of $21,219M is about 76.1% of its ~$27.9B market cap ($22.46 latest quote, October 2, 2026) - far above the ~33% ceiling. Interest income of $122M - separately disclosed in Note 22 - is about 0.49% of net sales ($24,942M), below the 5% ceiling. Listing note: Kraft Heinz moved from Nasdaq to the NYSE on September 14, 2026 (same ticker). Note: Zoya rates KHC not Shariah-compliant; no Musaffa or ShariaPortfolio rating was found.
Gate 1 — Business activity: PASS
The Kraft Heinz Company (NYSE: KHC) manufactures and markets food and beverage products worldwide through eight consumer-driven platforms - Taste Elevation, Easy Ready Meals, Substantial Snacking, Desserts, Hydration, Cheese, Coffee, Meats, and other grocery - per the FY2025 10-K, with brands including Kraft, Heinz, Oscar Mayer, Philadelphia, Maxwell House, Jell-O, and Lunchables and reportable segments North America, International Developed Markets, and Emerging Markets. Haram flags checked (factual, from the filings): the 10-K discloses no alcohol, tobacco, or gambling businesses. Factual note: Oscar Mayer bacon/ham products contain pork as an ingredient - ingredient-level, not a revenue segment. Listing note: Kraft Heinz voluntarily transferred from Nasdaq to the NYSE on September 14, 2026 (Aug 26, 2026 8-K; same ticker KHC). Gate 1 passes. Facts only.
Gate 2 — Debt and cash: FAIL
Per Kraft Heinz's FY2025 10-K (fiscal year ended December 27, 2025, filed February 12, 2026), interest-bearing debt was $21,219M - current portion $1,908M plus long-term debt $19,311M on the balance sheet. Against a market cap of about $27.9B ($22.46 latest quote, October 2, 2026), debt / market cap is about 76.1% - more than double the ~33% ceiling. Cash and cash equivalents of $2,615M plus marketable securities of $1,060M ($3,675M combined) are about 13.2% of market cap. Gate 2 fails. Facts only.
Gate 3 — Non-compliant income: PASS
Kraft Heinz's FY2025 10-K discloses interest income of $122M in Note 22 (Other Financial Data, 'Interest income (122)') as a separate line, against net sales of $24,942M - about 0.49% of revenue, well below the 5% non-compliant income ceiling (MD&A: $53M increase in interest income, primarily interest earned on available-for-sale securities). Gate 3 passes on a directly disclosed figure. Facts only.
Key figures used
- Business: packaged food and beverages - 8 consumer platforms (Taste Elevation, Easy Ready Meals, Snacking, Desserts, Hydration, Cheese, Coffee, Meats); brands Kraft, Heinz, Oscar Mayer, Philadelphia, Maxwell House; no alcohol, tobacco, or gambling businesses in the FY2025 10-K
- Debt: $21,219M (current portion $1,908M + long-term $19,311M) - debt / market cap about 76.1% of ~$27.9B, more than double the ~33% ceiling
- Cash: $2,615M cash and cash equivalents + $1,060M marketable securities = $3,675M combined, about 13.2% of market cap
- Interest income: $122M (separately disclosed, Note 22) vs net sales $24,942M - about 0.49% of revenue, under the 5% ceiling
- Market cap: ~$27.9B ($22.46 latest quote, October 2, 2026); FY2025 10-K filed February 12, 2026; listing moved Nasdaq to NYSE on September 14, 2026 (Aug 26, 2026 8-K)
- Zoya: not Shariah-compliant; Musaffa: no coverage found; ShariaPortfolio: no coverage found
- Result: FAIL (debt gate)
Frequently asked questions
What does Kraft Heinz do?
The Kraft Heinz Company (NYSE: KHC) manufactures and markets food and beverage products worldwide through eight consumer-driven platforms: Taste Elevation, Easy Ready Meals, Substantial Snacking, Desserts, Hydration, Cheese, Coffee, Meats, and other grocery. Reportable segments are North America, International Developed Markets, and Emerging Markets (WEEM + AEM), per the FY2025 10-K. Flagship brands include Kraft, Heinz, Oscar Mayer, Philadelphia, Maxwell House, Jell-O, and Lunchables. The 10-K discloses no alcohol, tobacco, or gambling businesses. Factual note: Oscar Mayer bacon and ham products contain pork as an ingredient - ingredient-level, not a revenue segment. Note: Kraft Heinz voluntarily transferred its listing from Nasdaq to the NYSE on September 14, 2026 (same ticker KHC).
Why does Kraft Heinz fail this Shariah stock screen?
Kraft Heinz fails this Shariah stock screen at the debt gate. Gate 1: the business is packaged food and beverages - no haram business lines are disclosed in the FY2025 10-K (Oscar Mayer pork products are ingredient-level, not a revenue segment). Gate 2: interest-bearing debt of $21,219M is about 76.1% of its ~$27.9B market cap ($22.46 latest quote, October 2, 2026), far above the ~33% ceiling - FAIL. Gate 3: separately disclosed interest income of $122M is about 0.49% of net sales ($24,942M, FY2025), below the 5% ceiling. Result: FAIL. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.
What is Kraft Heinz's interest-bearing debt ratio?
Per Kraft Heinz's FY2025 10-K (fiscal year ended December 27, 2025, filed February 12, 2026), interest-bearing debt was $21,219M - current portion $1,908M plus long-term debt $19,311M on the balance sheet. Against a market cap of about $27.9B ($22.46 latest quote on October 2, 2026), debt / market cap is about 76.1% - more than double the ~33% ceiling. Cash and cash equivalents of $2,615M plus marketable securities of $1,060M ($3,675M combined) are about 13.2% of market cap. Gate 2 fails decisively.
What is Kraft Heinz's non-compliant income ratio?
Kraft Heinz's FY2025 10-K discloses interest income of $122M in Note 22 (Other Financial Data, 'Interest income (122)') as a separate line, against net sales of $24,942M - about 0.49% of revenue, well below the 5% non-compliant income ceiling (MD&A notes a $53M increase in interest income, primarily interest earned on available-for-sale securities). Gate 3 passes on a directly disclosed figure.
Do Zoya, Musaffa, or ShariaPortfolio cover Kraft Heinz?
Zoya covers KHC and its headline rating is not Shariah-compliant (zoya.finance/stocks/khc; Zoya cites the same FY2025 figures: $24.942B revenue, $122M interest income = 0.49%). No Musaffa stock page or rating for KHC was found - reported as absent, not invented. No ShariaPortfolio screening page or rating for KHC was found - reported as absent, not invented. This page applies the screen directly from Kraft Heinz's own SEC filings and reports these positions honestly.
Sources
- Kraft Heinz - FY2025 10-K, fiscal year ended Dec 27, 2025, filed Feb 12, 2026 (8 consumer platforms; segments North America, International Developed Markets, Emerging Markets; balance sheet: current portion $1,908M, long-term debt $19,311M; cash $2,615M; marketable securities $1,060M; net sales $24,942M; Note 22: interest income $122M)
- Kraft Heinz - 8-K, Aug 26, 2026 (voluntary transfer of listing from Nasdaq to NYSE, effective Sept 14, 2026, same ticker KHC)
- Finnhub - KHC market data (XNYS; $22.46 latest quote, ~$27.87B market cap, October 2, 2026)
- Zoya - Kraft Heinz (KHC) stock page (status: not Shariah-compliant)
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).