Is Hasbro (HAS) stock halal?

Hasbro (HAS) passes AAOIFI and Dow Jones Islamic but fails S&P Shariah and MSCI Islamic on debt. It is borderline under Dow Jones Islamic, so a small price move could flip that verdict.

The four standards

Debt ratio is interest-bearing debt over each standard's own size measure. A company whose main business a standard excludes is never compliant under it, whatever its debt.

Business screen

The figures

Debt and assets from SEC XBRL company facts; price from live market data.

At least one ratio sits within one percent of its threshold, where a small price move flips the verdict.

Each standard also limits income from prohibited side activities (usually to 5% of revenue). That needs the company's segment revenue, which Mizan does not read yet, so check it for companies with a mixed business.

Halal alternatives

Hasbro fails at least one standard on debt. No large US company in a related industry passes all four standards, so a Shariah fund is the simplest route: SPUS or HLAL in the US, or ISDU and ISWD for UK investors.

Shariah funds:

• SPUS: SP Funds S&P 500 Sharia Industry Exclusions ETF (US)
• HLAL: Wahed FTSE USA Shariah ETF (US)
• ISDU: iShares MSCI USA Islamic UCITS ETF (London (UK investors))
• ISWD: iShares MSCI World Islamic UCITS ETF (London (UK investors))

Companies Mizan covers whose business is permitted under all four standards and whose debt passes all four, clear of the borderline band, at the quarter ending 2026-06-30. Prices have moved since, so screen your pick live on its page here before you buy.

Quick answers

Is Hasbro (HAS) stock halal?

Hasbro (HAS) passes AAOIFI and Dow Jones Islamic but fails S&P Shariah and MSCI Islamic on debt. It is borderline under Dow Jones Islamic, so a small price move could flip that verdict.

Why do the standards disagree on Hasbro?

Each standard measures debt against a different size: AAOIFI, Dow Jones Islamic pass it and S&P Shariah, MSCI Islamic fail it. AAOIFI uses today's market value, Dow Jones Islamic and S&P Shariah use 24- and 36-month averages, and MSCI uses total assets.

What is Hasbro's debt ratio?

Interest-bearing debt is 28.7% of its market value, against AAOIFI's 30% limit.

How Mizan screens

First the business: a standard that excludes the company's main business (from its SEC industry code and Mizan's list of named companies) marks it non-compliant. Then the debt: interest-bearing debt over each standard's own size measure, compared with that standard's threshold. Averaged denominators use the trailing quarterly market capitalisations of the study panel with today's market capitalisation as the final observation.

Research behind it: Price-Driven Churn in Islamic Equity Screening (SSRN). Where the standards disagree.

Mizan reports how four published screening standards read a company's own filings and market price. It is research output, not investment advice and not a fatwa.