Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is NIKE, Inc. (NKE) Halal?

PASS

NIKE, Inc. · NYSE: NKE · Consumer Discretionary

The short answer

Yes — NIKE (NKE) passes this Shariah stock screen. Its athletic footwear, apparel and equipment business (NIKE, Jordan and Converse brands; the world's largest seller of athletic footwear and apparel) has no prohibited lines. Interest-bearing debt of $7,942M ($2,000M current portion plus $5,942M long-term, at May 31, 2026) is about 14.89% of its ~$53.4B market capitalization ($35.15/share, early October 2026) — under the ~33% ceiling. Interest income of $278M is about 0.60% of FY2026 revenue ($46,398M) — under the 5% non-compliant income ceiling. Zoya covers NKE and rates it Shariah-compliant (September 2026); no Musaffa or ShariaPortfolio coverage was found — honestly reported as absent, not invented.

Gate 1 — Business activity: PASS

NIKE, Inc. (NYSE: NKE), incorporated 1967 in Oregon and headquartered in Beaverton, is the largest seller of athletic footwear and apparel in the world, per its FY2026 10-K. Its principal business is the design, development and worldwide marketing and selling of athletic footwear, apparel, equipment, accessories and services under the NIKE, Jordan and Converse brands, sold through NIKE Direct (owned retail stores and digital platforms) and wholesale accounts in nearly all countries — nearly all manufactured by independent contractors, almost all outside the United States. No disclosed lines — athletic footwear, apparel, equipment, digital services, licensed merchandise — are prohibited lines (no alcohol, gambling, pork, conventional banking/insurance, tobacco, cannabis, or adult entertainment). Gate 1 passes. Facts only.

Gate 2 — Debt and cash: PASS

At May 31, 2026 NIKE's interest-bearing debt was $7,942M ($2,000M current portion of long-term debt plus $5,942M long-term debt), per the FY2026 10-K balance sheet. Against a market capitalization of about $53.4B ($35.15/share, early October 2026), debt ÷ market cap is about 14.89% — under the ~33% ceiling. Cash and equivalents of $7,563M plus short-term investments of $1,464M total $9,027M, about 16.9% of market cap, within the ~33% guideline. Gate 2 passes. Facts only.

Gate 3 — Non-compliant income: PASS

The FY2026 10-K notes disclose interest income of $278M related to NIKE's investment portfolio for the year ended May 31, 2026 (down from $404M in FY2025 and $430M in FY2024), against FY2026 revenue of $46,398M — about 0.60% of revenue, under the 5% non-compliant income ceiling. (The reported income-statement line is Interest (income) expense, net of -$50M; the gross interest income figure comes from the 10-K notes.) Gate 3 passes. Facts only.

Key figures used

Frequently asked questions

What does NIKE do?

NIKE, Inc. (NYSE: NKE) is an Oregon company (incorporated 1967, headquartered in Beaverton) whose principal business is the design, development and worldwide marketing and selling of athletic footwear, apparel, equipment, accessories and services. It describes itself as the largest seller of athletic footwear and apparel in the world. Products are sold under the NIKE, Jordan and Converse brands through NIKE Direct (owned retail stores and digital platforms) and wholesale accounts in nearly all countries; nearly all products are manufactured by independent contractors, almost all outside the United States. No disclosed business lines are prohibited lines (no alcohol, gambling, pork, conventional banking/insurance, tobacco, cannabis, or adult entertainment), so the business gate passes.

Why does NIKE pass this Shariah stock screen?

NIKE passes this Shariah stock screen on all three gates. Its athletic footwear, apparel and equipment business (NIKE, Jordan and Converse brands) has no prohibited lines. Its interest-bearing debt of about $7.94B is about 14.89% of its ~$53.4B market capitalization, under the ~33% ceiling. And its interest income of $278M is about 0.60% of FY2026 revenue ($46,398M), 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 NIKE's interest-bearing debt ratio?

At May 31, 2026 NIKE reported total interest-bearing debt of about $7,942M ($2,000M current portion of long-term debt plus $5,942M long-term debt), per the FY2026 10-K balance sheet. Against a market capitalization of about $53.4B ($35.15/share, early October 2026), debt ÷ market cap is about 14.89% — under the ~33% ceiling. Cash and equivalents ($7,563M) plus short-term investments ($1,464M) total $9,027M, about 16.9% of market cap, within the ~33% guideline. The financial-structure gate passes.

What is NIKE's non-compliant income ratio?

NIKE's FY2026 10-K notes disclose interest income of $278M related to its investment portfolio for the year ended May 31, 2026 (down from $404M in FY2025 and $430M in FY2024), against FY2026 revenue of $46,398M — about 0.60% of revenue, under the 5% non-compliant income ceiling. The income gate passes.

Do Zoya, Musaffa, or ShariaPortfolio cover NIKE?

Zoya covers NIKE (NYSE: NKE) and rates it Shariah-compliant (as of September 2026). No coverage page for NKE was found on Musaffa or ShariaPortfolio — honestly reported as absent, not invented. This page applies the screen directly from the company's filings: the FY2026 Form 10-K for the year ended May 31, 2026 (filed July 15, 2026).

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).