Is AMCR (Amcor plc) Halal or Haram?

Based on our AAOIFI-standard shariah screening, AMCR is classified as Doubtful. It passed 3 of 4 compliance screens. Some scholars may permit investing with income purification, while others advise avoiding it. We recommend consulting a qualified Islamic scholar before investing in AMCR.

Amcor plc is a global leader in developing and producing packaging solutions across the Americas, Europe, and Asia Pacific. The company operates through two main segments, providing flexible film packaging for pharmaceuticals and fresh produce, as well as rigid containers for beverages, sauces, and personal care products. For Muslim investors using HalalStocks.co.uk, Amcor currently holds a Doubtful shariah compliance status. While its core packaging business and interest income levels easily pass AAOIFI standards, the stock fails the critical debt screening, meaning it does not currently align with strict Islamic investment principles. The primary concern from an Islamic finance perspective is Amcor's substantial debt load. The company's debt-to-market capitalization ratio has reached 84.3%, heavily breaching the 33% maximum limit allowed by AAOIFI, even though its interest-bearing cash reserves remain compliant at just 4.6%. Because the non-compliance stems entirely from its capital structure rather than impermissible business activities, everyday halal investors should monitor Amcor's balance sheet. If the company significantly pays down its debt or if its market capitalization rises enough to correct the ratio, it could return to a compliant status in the future. Amcor plc operates in the Consumer Cyclical sector under the Packaging & Containers industry and is headquartered in Zurich, CH. The company is led by CEO Peter Konieczny and employs approximately 77,000 people.

AMCR was screened using AAOIFI-based shariah compliance criteria. Four tests are applied: (1) Business Activity — the company's core business must not derive primary income from haram (prohibited) activities such as alcohol, gambling, tobacco, or interest-based finance. (2) Debt-to-Market-Cap — total debt must not exceed 33% of market capitalization. (3) Interest Income — interest income must not exceed 5% of total revenue. (4) Cash & Securities — cash and interest-bearing securities must not exceed 33% of market cap. AMCR passed 3 of these 4 screens.

AMCR was last screened on 2026-04-29. Shariah compliance status can change as companies report new financial data, acquire new businesses, or shift revenue streams. We recommend checking back periodically for the most up-to-date screening results.