Canadian Halal Investor.

NASDAQ Shariah screener · October 2026

Is Mondelez International, Inc. (MDLZ) Halal?

PASS

Mondelez International, Inc. · NASDAQ: MDLZ · Consumer Staples

The short answer

Yes - Mondelez International, Inc. (MDLZ) passes this Shariah stock screen. Mondelez, headquartered in Chicago, Illinois, is a global snack-food company (created in 2012 from the Kraft Foods split) whose revenue comes entirely from chocolate (Cadbury, Milka, Toblerone), biscuits and baked snacks (Oreo, Ritz, LU, Clif Bar, Tate's Bake Shop), gum and candy (Trident, Dentyne, Stride, Sour Patch Kids, Swedish Fish), cheese & grocery, and refreshment beverages - with no alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance segments, so Gate 1 passes. Total interest-bearing debt of $21,450M is about 28.33% of its ~$75.71B market cap ($57.76/share, October 1, 2026), under the ~33% ceiling, so Gate 2 passes. Interest income is not separately disclosed in the FY2025 10-K, but even the entire $317M 'other income, net' bundle (which contains interest income among hedge, FX, and other non-operating items) is about 0.82% of FY2025 net revenues ($38,537M), below the 5% ceiling, so Gate 3 passes. Overall result: PASS. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

Gate 1 — Business activity: PASS

Mondelez International, Inc. (NASDAQ: MDLZ), headquartered in Chicago, Illinois, is a global snack-food company created in 2012 from the split of Kraft Foods. Per its FY2025 Form 10-K, its operations are organized into four reportable segments: Europe, North America, AMEA (Asia, Middle East & Africa), and Latin America. Its product categories are chocolate (Cadbury, Milka, Toblerone), biscuits and baked snacks (Oreo, Ritz, LU, Clif Bar, Tate's Bake Shop), gum and candy (Trident, Dentyne, Stride, Sour Patch Kids, Swedish Fish), plus cheese & grocery and refreshment beverages. FY2025 net revenues were $38,537M (Europe $15,027M; North America $10,679M; AMEA $7,932M; Latin America $4,899M). Business-screen implication (factual): all reported revenue comes from snack foods - the company sells no alcohol (chocolate liquor in its manufacturing is a cocoa-derived ingredient, ground cocoa nibs, not an alcoholic product), tobacco, gambling, weapons, adult entertainment, pork, or conventional finance products. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: PASS

Per Mondelez's Q2 FY2026 Form 10-Q (period ended June 30, 2026; Commission File No. 1-16483), total interest-bearing debt was $21,450M - short-term borrowings $2,327M + current portion of long-term debt $2,663M + long-term debt $16,460M (the total also matches the filing's disclosed $21,450M carrying value of debt). Against a market cap of about $75.71B ($57.76/share, October 1, 2026, per Finnhub), debt / market cap is about 28.33% - under the ~33% ceiling. Cash and cash equivalents of $1,716M are about 2.27% of market cap. Note: the company issued $1.6B of notes in May 2025 and ~$1.07B (USD-equivalent) of Swiss franc notes in April 2026. Gate 2 passes. Facts only.

Gate 3 — Non-compliant income: PASS

Mondelez's FY2025 Form 10-K (fiscal year ended December 31, 2025; Commission File No. 1-16483; filed February 4, 2026) does not disclose interest income as a separate line: 'Interest and other expense, net' of $282M consists of interest expense $599M and 'other income, net' of $317M (income), and the filing states that other income, net bundles interest income with hedge-effectiveness amortization, foreign currency gains and losses, derivative gains and losses, and other non-operating items. Treating the entire $317M bundle as interest income (a conservative upper bound) against FY2025 net revenues of $38,537M gives about 0.82% of revenue - below the 5% non-compliant income ceiling. Actual interest income is some smaller portion of that $317M. Gate 3 passes. Facts only.

Key figures used

Frequently asked questions

What does Mondelez do?

Mondelez International, Inc. (NASDAQ: MDLZ), headquartered in Chicago, Illinois, is a global snack-food company created in 2012 from the split of Kraft Foods. Per its FY2025 10-K, its four reportable segments are Europe, North America, AMEA (Asia, Middle East & Africa), and Latin America, and its product categories are chocolate (Cadbury, Milka, Toblerone), biscuits and baked snacks (Oreo, Ritz, LU, Clif Bar, Tate's Bake Shop), gum and candy (Trident, Dentyne, Stride, Sour Patch Kids, Swedish Fish), plus cheese & grocery and refreshment beverages. FY2025 net revenues were $38,537M. The company sells no alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance products; 'chocolate liquor' in its chocolate manufacturing is a cocoa-derived ingredient (ground cocoa nibs), not an alcoholic product.

Why does Mondelez pass this Shariah stock screen?

Mondelez passes this Shariah stock screen at all three gates. Gate 1 (business activity): all reported revenue comes from snack foods (chocolate, biscuits and baked snacks, gum and candy, cheese & grocery, refreshment beverages) - none involve alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance; Gate 1 passes. Gate 2 (debt): total interest-bearing debt of $21,450M (short-term borrowings $2,327M + current portion of long-term debt $2,663M + long-term debt $16,460M, Q2 FY2026 10-Q) is about 28.33% of its ~$75.71B market cap ($57.76/share, October 1, 2026, per Finnhub) - under the ~33% ceiling; Gate 2 passes. Gate 3 (non-compliant income): interest income is not separately disclosed in the FY2025 10-K, but the entire $317M 'other income, net' bundle (which contains interest income among hedge, FX, and other non-operating items) is about 0.82% of FY2025 net revenues ($38,537M) - below the 5% ceiling; Gate 3 passes. Result: PASS. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

What is Mondelez's interest-bearing debt ratio?

Per Mondelez's Q2 FY2026 Form 10-Q (period ended June 30, 2026; Commission File No. 1-16483; cover: 1,276,308,057 shares outstanding at 7/24/2026), total interest-bearing debt was $21,450M - short-term borrowings $2,327M + current portion of long-term debt $2,663M + long-term debt $16,460M (this total also matches the filing's disclosed $21,450M carrying value of debt). Against a market cap of about $75.71B ($57.76/share, October 1, 2026, per Finnhub), debt / market cap is about 28.33% - under the ~33% ceiling, so Gate 2 passes. Cash and cash equivalents of $1,716M are about 2.27% of market cap. Note: the company issued new notes in May 2025 ($1.6B) and April 2026 (~$1.07B USD-equivalent Swiss franc notes). Facts only.

What is Mondelez's non-compliant income ratio?

Mondelez's FY2025 Form 10-K (fiscal year ended December 31, 2025; Commission File No. 1-16483; filed February 4, 2026) does not disclose interest income as a separate line: 'Interest and other expense, net' of $282M consists of interest expense $599M and 'other income, net' of $317M (income), and the filing states that 'other income, net' bundles interest income with hedge-effectiveness amortization, foreign currency transaction gains and losses, derivative gains and losses, and other non-operating items. Treating the entire $317M bundle as interest income (a conservative upper bound) against FY2025 net revenues of $38,537M gives about 0.82% - below the 5% non-compliant income ceiling, so Gate 3 passes. Actual interest income is some smaller portion of that $317M. Facts only.

Do Zoya, Musaffa, or ShariaPortfolio cover Mondelez?

Zoya covers Mondelez at zoya.finance/stocks/mdlz, but its public page renders contradictory auto-generated template text (simultaneously calling MDLZ 'Shariah-compliant and therefore considered halal' and 'Shariah-compliant and therefore not considered halal'; simultaneously citing $317M of interest income and stating no interest income is disclosed), so no clean Zoya rating is retrievable without the app - honestly reported as inconclusive. Note: the FY2025 10-K's $317M is 'other income, net' (a bundle including interest income), not a disclosed interest income line - Zoya's page appears to read that line as interest income. Musaffa covers MDLZ at musaffa.com/stock/MDLZ/ and classifies it 'doubtful' as of October 2026. ShariaPortfolio: no MDLZ entry found. All honestly reported as found, not invented. This page applies the screen directly from Mondelez's own SEC filings.

Sources

Screened 2026-10-01 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).