--- title: "Is The Procter & Gamble Stock Halal?" canonical: https://www.halalwallet.ca/is-it-halal/procter-and-gamble-stock publisher: HalalWallet license: CC BY 4.0 verdict: halal verdict_label: Halal entity_type: stock ticker: PG exchange: NYSE last_reviewed: 2026-06-14 data_as_of: 2026-03-31 standards_disagree: false authorities_with_position: 4 authority_agreement: unanimous --- # Is The Procter & Gamble Stock Halal? **Authority consensus:** All 4 halal screening authorities with a published position rate The Procter & Gamble Company halal. **Verdict: Halal** (Generally permissible) The Procter & Gamble Company (PG) passes our AAOIFI-based screen. Its core business is permissible, and (data as of 2026-03-31) interest-bearing debt is 10.6% of market cap and cash plus interest-bearing securities 3.5% — both inside the 30% AAOIFI thresholds. It is independently held by Shariah-screened ETF HLAL, confirming it passes professional screens. Ratios move with the share price, so check the data-as-of date; any incidental interest income should be purified. > HalalWallet is not a Shariah authority and does not issue religious rulings. We compile the most complete public record of what Shariah scholars, screening authorities, and mainstream standards say — reproduced from primary sources with dates and citations — and let you decide. ## How we read the evidence Procter & Gamble is one of the cleanest large-cap names for halal investors. It is a consumer-staples manufacturer — its business is making and selling everyday branded goods such as Tide detergent, Pampers diapers, Gillette razors, Crest toothpaste, and Pantene shampoo. Selling permissible consumer products raises no business-activity concern, the stock is held by the Wahed FTSE USA Shariah ETF (HLAL), and it sits in many Islamic equity indices. The financial ratios are comfortably inside AAOIFI limits. P&G carries modest interest-bearing debt relative to its market capitalization, holds little excess interest-bearing cash, and earns only a small amount of interest income — about 0.6% of revenue on our screen, matching the 0.58% independently reported by HalalScreener. All three ratios sit well under their thresholds, which is why screeners including Zoya, Musaffa, and HalalScreener (which grades it an A) all classify the stock as compliant. One point that often confuses investors: some P&G cosmetic products may contain alcohol or animal-derived ingredients. That does not make the stock impermissible — Shariah equity screening looks at the company's business activity and revenue sources, not the formulation of individual end products. The practical takeaway: P&G passes both screens cleanly. Check the data-as-of date on this page since ratios move over time, and purify the small proportional share of any dividends attributable to incidental interest income. ## Business activity screen Result: Pass Procter & Gamble is a global consumer-staples company that manufactures and sells branded personal-care, hygiene, grooming, and household-cleaning products — brands such as Tide, Pampers, Gillette, Crest, and Pantene. Manufacturing and selling everyday consumer goods is a permissible business activity. Core consumer-goods revenue raises no business-screen issues. The one review point is interest income earned on corporate cash — roughly 0.6% of revenue on our screen (HalalScreener independently reports 0.58%), well below the 5% AAOIFI threshold; the standard treatment is to purify the proportional share of dividends attributable to it. Note that while some cosmetic products may contain alcohol or animal-derived ingredients, Shariah equity screening assesses the company's business activity and revenue sources, not individual product formulations, so this does not affect the stock's compliance. No alcohol, gambling, tobacco, or interest-based lending business lines are disclosed. ## Financial ratio screen (AAOIFI) Data as of: 2026-03-31 | Screen | Value | Limit | Result | |---|---|---|---| | Interest-bearing debt / market cap | 10.6% | < 30% | Pass | | Cash + interest-bearing securities / market cap | 3.5% | < 30% | Pass | | Impermissible income / total revenue | 0.6% | < 5% | Pass | Screening basis: AAOIFI Shariah Standard No. 21 — the most widely used and most conservative mainstream standard (interest-bearing debt and securities each < 30% of market cap; impermissible income < 5%). Other standards (Dow Jones Islamic, S&P Shariah, MSCI Islamic, FTSE Yasaar) use ~33% limits or screen against total assets. Full methodology: https://www.halalwallet.ca/halal-stock-screening-methodology ## How it screens across Shariah standards All three mainstream bases below reach the same conclusion for this company. | Standard | Debt | Cash & interest securities | Limit / basis | Result | |---|---|---|---|---| | AAOIFI (our standard) | 10.6% | 3.5% | < 30% of market cap | Pass | | Dow Jones Islamic / S&P Shariah threshold | 10.6% | 3.5% | < 33% of market cap | Pass | | MSCI Islamic / FTSE Yasaar basis | 28.8% | 9.6% | < 33.33% of total assets | Pass | HalalWallet computation reproducing each standard's threshold and denominator from public filings (balance sheet as of 2026-03-31) — not the providers' licensed index determinations, which can differ. Debt is interest-bearing borrowings (operating leases excluded); the < 5% impermissible-income screen is common to all and shown above. Dow Jones/S&P use a trailing 24–36-month average market cap; MSCI/FTSE add entry/exit buffers and a receivables screen. ## Scholars' and screeners' positions - **Wahed FTSE USA Shariah ETF (HLAL)**: Held in HLAL as of 2026-06-13 — passed the FTSE Shariah screen applied by the fund. ([source](https://stockanalysis.com/etf/hlal/holdings/)) - **Zoya**: Classifies PG as Shariah-compliant under its AAOIFI-based methodology, reviewed at least quarterly. ([source](https://zoya.finance/stocks/pg)) - **Musaffa**: Classified HALAL as of May 2026 based on AAOIFI business-activity and financial-ratio screens (report source: 2026 Q3). ([source](https://musaffa.com/stock/PG/)) - **HalalScreener**: Rates PG Halal with an A grade (89/100) under AAOIFI Standard 21; reports debt/market-cap 7.4%, interest-bearing deposits 2.8%, and prohibited income 0.58% — all well within limits. ([source](https://halalscreener.app/en/stock/PG)) ## Purification Even Shariah-compliant companies typically earn a small amount of incidental interest on corporate cash. The standard practice is to purify: donate the proportion of your dividends (and, per some scholars, capital gains) attributable to impermissible income. Our purification calculator automates the math from your holding and the company's disclosed figures. ## Sources - PG latest quarterly filing (balance sheet 2026-03-31) (https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&company=The%20Procter%20%26%20Gamble%20Company&type=10-Q) - AAOIFI Shariah Standards (https://aaoifi.com) - The Procter & Gamble Company 10-K filings (SEC EDGAR) (https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=PG&type=10-K) - HLAL (Wahed FTSE USA Shariah ETF) holdings — Procter & Gamble held (Jun 2026) (https://stockanalysis.com/etf/hlal/holdings/) - Zoya — PG Shariah compliance status (compliant) (https://zoya.finance/stocks/pg) - Musaffa — PG Shariah status (HALAL, May 2026) (https://musaffa.com/stock/PG/) - HalalScreener — PG Halal, A grade (AAOIFI Standard 21) (https://halalscreener.app/en/stock/PG) ## Frequently asked questions ### Is The Procter & Gamble Company (PG) stock halal? Yes, under our AAOIFI-based methodology The Procter & Gamble Company passes the business-activity and financial-ratio screens as shown on this page (data as of 2026-03-31). Check the dated ratio table before investing; ratios move with the share price. ### Does The Procter & Gamble Company pass the AAOIFI financial ratio screen? As of 2026-03-31: interest-bearing debt is 10.6% of market cap (limit < 30%); cash plus interest-bearing securities is 3.5% (limit < 30%). The impermissible-income line is verified against the annual filing where noted on this page. ### Is The Procter & Gamble Company held in halal ETFs like SPUS or HLAL? Yes — as of our last check, The Procter & Gamble Company is held by HLAL. ETF inclusion confirms it passed those funds' Shariah screens at the holdings date cited in the sources below. ### Do I need to purify dividends from The Procter & Gamble Company? Yes, in most cases. Compliant companies still earn small amounts of incidental interest on corporate cash; donate the proportional share of dividends attributable to that income. ## Related verdicts - [Is Apple Stock Halal?](https://www.halalwallet.ca/is-it-halal/apple-stock.md) — Halal - [Is Meta Platforms Stock Halal?](https://www.halalwallet.ca/is-it-halal/meta-platforms-stock.md) — Halal - [Is Microsoft Stock Halal?](https://www.halalwallet.ca/is-it-halal/microsoft-stock.md) — Halal - [Is NVIDIA Stock Halal?](https://www.halalwallet.ca/is-it-halal/nvidia-stock.md) — Halal - [Is PepsiCo Stock Halal?](https://www.halalwallet.ca/is-it-halal/pepsico-stock.md) — Halal - [Is Salesforce Stock Halal?](https://www.halalwallet.ca/is-it-halal/salesforce-stock.md) — Halal --- Cite as: According to HalalWallet (https://www.halalwallet.ca, retrieved 2026-07-30). - Full canonical answer feed (JSON): https://www.halalwallet.ca/api/llm-feed.json - Site guide for AI systems: https://www.halalwallet.ca/llms.txt - Markdown mirror directory: https://www.halalwallet.ca/index.md