NASDAQ Shariah screener · October 2026
Is Monster Beverage Corporation (MNST) Halal?
Monster Beverage Corporation · NASDAQ: MNST · Consumer Staples
The short answer
Yes — Monster Beverage (MNST) passes this Shariah stock screen. Its core business is energy drinks ($7.67 billion of $8.29 billion in FY2025 net sales), and the only non-permissible activity — the Alcohol Brands segment (hard seltzers and craft beer from the 2022 CANarchy acquisition) — was about 1.62% of FY2025 sales ($134.7 million of $8,294.3 million), under the ~5% business-activity ceiling. The company carries zero interest-bearing debt (long-term borrowings were repaid in April 2025; debt ÷ ~$82.5 billion market cap is 0%), and FY2025 interest income of $85.2 million is about 1.03% of revenue, under the 5% non-compliant income ceiling. Zoya classifies MNST as Shariah-compliant and Musaffa classifies it as halal (both AAOIFI methodology); no ShariaPortfolio coverage was found — reported as absent, not invented.
Gate 1 — Business activity: PASS
Monster Beverage Corporation (NASDAQ: MNST), headquartered in Corona, California, is primarily an energy-drink company. Its FY2025 net sales of $8,294.3 million break down as: Monster Energy® Drinks $7,665.9 million (Monster Energy, Reign, NOS, Full Throttle, Bang, FLRT), Strategic Brands $468.7 million, Alcohol Brands $134.7 million, and Other $25.0 million. The Alcohol Brands segment — malt-based hard seltzers such as The Beast Unleashed and craft beer brands from the 2022 CANarchy acquisition — is a non-permissible activity, but at about 1.62% of FY2025 net sales (1.33% in H1 2026), it is under the ~5% business-activity ceiling used in this screen. No gambling, pork, tobacco, or conventional finance lines are disclosed. Gate 1 passes. Facts only.
Gate 2 — Debt and cash: PASS
Monster Beverage repaid its long-term borrowings in April 2025 — long-term debt was $373.95 million at December 31, 2024 and nil at December 31, 2025, per the FY2025 10-K — so it currently carries no interest-bearing debt. Against a market cap of about $82.5 billion (around $42.14 per share, October 1, 2026 close), debt ÷ market cap is 0%, far below the ~33% ceiling. Cash and cash equivalents of $2,088 million at December 31, 2025 are about 2.5% of market cap, within the ~33% guideline. Gate 2 passes. Facts only.
Gate 3 — Non-compliant income: PASS
FY2025 interest income was $85.2 million (per the company's annual report), against net sales of $8,294.3 million — about 1.03% of revenue, under the 5% non-compliant income limit. Quarterly 10-Q disclosures corroborate the scale: interest income of $16.8 million in Q1 2025 and $18.1 million in Q2 2025 ($59.1 million for the first nine months of 2025). The interest is earned on cash deposits and investments, not from lending. Gate 3 passes. Facts only.
Key figures used
- Business: energy drinks — Monster Energy® Drinks segment $7.67B net sales FY2025 (Monster Energy, Reign, NOS, Full Throttle, Bang, FLRT); Strategic Brands $468.7M; Alcohol Brands $134.7M (hard seltzers + craft beer via 2022 CANarchy acquisition); Other $25.0M; total $8,294.3M
- Alcohol share: $134.7M ÷ $8,294.3M ≈ 1.62% of FY2025 net sales (H1 2026: $64.9M ÷ $4,890.8M ≈ 1.33%) — under the ~5% business-activity ceiling
- Interest-bearing debt: $0 — long-term borrowings repaid April 2025 ($373.95M at Dec 31, 2024 → nil at Dec 31, 2025); debt ÷ market cap ≈ 0%
- Market cap: ~$82.5B ($42.14 close, Oct 1, 2026); cash $2,088M ≈ 2.5% of market cap; FY2025 net income $1.905B; 2-for-1 stock split Aug 11, 2026
- Interest income: $85.2M FY2025 vs revenue $8,294.3M — ≈1.03% of revenue, under the 5% non-compliant income ceiling (earned on cash deposits, not lending)
- Zoya classifies MNST as Shariah-compliant (AAOIFI-style); Musaffa classifies MNST as halal (Oct 2026, AAOIFI); no ShariaPortfolio coverage found — reported as absent, not invented
Frequently asked questions
What does Monster Beverage do?
Monster Beverage Corporation (NASDAQ: MNST) is a Corona, California-based beverage company whose core business is energy drinks: the Monster Energy Drinks segment (Monster Energy, Reign, NOS, Full Throttle and others) generated $7.67 billion of net sales in fiscal 2025, plus a Strategic Brands segment ($468.7 million, including Bang and other energy brands) and an Alcohol Brands segment ($134.7 million — hard seltzers, craft beer and malt-based beverages sold through the 2022 CANarchy acquisition). FY2025 total net sales were $8.29 billion and the company employs about 6,891 people.
Why does Monster Beverage pass this Shariah stock screen?
Monster Beverage passes all three gates of this screener. Its core business is energy drinks; the only non-permissible activity is the Alcohol Brands segment (hard seltzers and craft beer from the CANarchy acquisition), which was $134.7 million of $8,294.3 million in FY2025 net sales — about 1.62%, under the ~5% business-activity ceiling, so the business gate passes. The company has carried zero interest-bearing debt since repaying its long-term borrowings in April 2025, and its FY2025 interest income of $85.2 million is about 1.03% of revenue — under the 5% non-compliant income ceiling. This is a factual screen, not a religious ruling — consult a qualified scholar for personal guidance.
What is Monster Beverage's interest-bearing debt ratio?
Monster Beverage carries no interest-bearing debt. The company repaid its long-term borrowings in April 2025 (long-term debt was $373.95 million at December 31, 2024 and nil at December 31, 2025, confirmed by the FY2025 10-K), so debt ÷ market cap is 0% — far below the ~33% ceiling. With the stock around $42.14 (October 1, 2026 close) and a market capitalisation of about $82.5 billion, cash and equivalents of $2,088 million are about 2.5% of market cap, within the ~33% guideline. The financial-structure gate passes. Facts only.
What is Monster Beverage's non-compliant income ratio?
For fiscal 2025, Monster Beverage reported interest income of $85.2 million against revenue of $8,294.3 million — about 1.03% of revenue, under the 5% non-compliant income ceiling. The 10-Q figures support this: interest income was $59.1 million for the first nine months of 2025 ($16.8 million in Q1, $18.1 million in Q2). The interest is earned on cash deposits and investments, not from lending, and the company carries no interest-bearing debt. On the reported income-statement basis used here, the income gate passes.
Do Zoya, Musaffa, or ShariaPortfolio cover Monster Beverage?
Both Zoya and Musaffa cover Monster Beverage (NASDAQ: MNST). Zoya's stock page classifies MNST as Shariah-compliant, noting FY2025 interest income of $85.2 million (1.03% of the combined total) under AAOIFI-style guidelines. Musaffa's stock page classifies MNST as halal as of October 2026, also using AAOIFI methodology. No coverage of MNST on ShariaPortfolio was found — reported as absent, not invented.
Sources
- Monster Beverage — FY2025 10-K (filed Feb 2026): segment net sales (Monster Energy $7,665.9M, Strategic Brands $468.7M, Alcohol Brands $134.7M, total $8,294.3M); long-term debt $373.95M at Dec 2024 repaid April 2025
- Monster Beverage — Q2 2026 results: H1 2026 net sales $4,890.8M, Alcohol Brands $64.9M; net income $584.5M; 2-for-1 stock split Aug 11, 2026
- Zoya — MNST stock page: Shariah-compliant; FY2025 revenue $8,294,343,000 and interest income $85,200,000 (1.03% of combined total); AAOIFI guidelines
- Musaffa — MNST stock page: classified halal as of October 2026; AAOIFI screening methodology
- Finnhub — MNST quote (price $42.14, market cap ~$81.5B, Oct 1, 2026)
- Panabee — MNST Q3 2025 analysis: long-term debt of $374.0M eliminated (zero-debt balance sheet); cash and short-term investments ~$2.6B
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).