Is CAG (Conagra Brands, Inc.) Halal or Haram?

Based on our AAOIFI-standard shariah screening, CAG 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 CAG.

Conagra Brands, Inc. is a major North American food company that produces shelf-stable, refrigerated, and frozen consumer packaged goods. Operating through segments like Grocery & Snacks and Foodservice, the company manages a wide portfolio of household staples found in retail channels across the United States and internationally. For Muslim investors using HalalStocks.co.uk, Conagra Brands currently holds a Doubtful shariah compliance status. Although its core food production business is halal and it easily passes the interest income screen at just 0.02%, the company fails critical financial health metrics required by AAOIFI standards. The primary concern from an Islamic finance perspective is Conagra's heavy reliance on interest-bearing debt. Its debt-to-market capitalization ratio stands at 118.9%, which drastically exceeds the strict 33% threshold, making the stock impermissible for strict halal portfolios despite its low cash reserves of 1.0%. Since the core business involves permissible food items, the non-compliance is entirely structural due to capital management rather than haram products. Halal investors should monitor Conagra's balance sheet in future quarters to see if management aggressively pays down debt, which could eventually bring the stock back into compliance. Conagra Brands, Inc. operates in the Consumer Defensive sector under the Packaged Foods industry and is headquartered in Chicago, IL, US. The company is led by CEO Sean Connolly and employs approximately 18,500 people.

CAG 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. CAG passed 3 of these 4 screens.

CAG 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.