Is CASY (Casey's General Stores, Inc.) Halal or Haram?

Based on our AAOIFI-standard shariah screening, CASY is Halal and considered permissible for Muslim investors. It passed all 4 of 4 compliance screens including business activity review, debt-to-market-cap ratio (10.17% vs ≤33% threshold), interest income ratio (0.08% vs ≤5% threshold), and cash & securities ratio (1.12% vs ≤33% threshold).

Casey's General Stores, Inc. operates a vast network of convenience stores across the United States. Beyond typical convenience items, the company is famous for its freshly prepared foods, particularly its pizza, alongside baked goods, snacks, and a wide array of beverages. For Muslim investors, CASY presents an interesting opportunity as it successfully passes all AAOIFI shariah screens and is classified as Halal. While the core business of retail and grocery is permissible, the company does sell alcohol, tobacco, and non-halal meats, which means investors must diligently purify any dividend income received. Financially, Casey's is highly appealing from an Islamic finance perspective due to its conservative capital structure. The company holds a low debt-to-market cap ratio of 10.2% and minimal cash-to-market cap at 1.1%, easily clearing the 33% AAOIFI thresholds and indicating minimal reliance on interest-bearing leverage. While technically compliant under the 5% non-permissible income rule, stricter investors may debate holding a stock that directly retails alcohol and tobacco. Shareholders should continuously monitor the revenue breakdown to ensure these non-compliant sales do not exceed the strict AAOIFI limits. Casey's General Stores, Inc. operates in the Consumer Cyclical sector under the Specialty Retail industry and is headquartered in Ankeny, IA, US. The company is led by CEO Darren Rebelez and employs approximately 23,338 people.

CASY 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. CASY passed 4 of these 4 screens.

Although CASY passes all shariah screens, it does earn $13.1M in interest income (0.08% of revenue). Many scholars recommend purifying this portion by donating the equivalent percentage of any dividends received to charity. For example, if you receive $100 in dividends, you would donate approximately $0.08 to purify the income.

CASY 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.