Is MNST (Monster Beverage Corporation) Halal or Haram?

Based on our AAOIFI-standard shariah screening, MNST is Not Halal (Haram) and is not considered permissible for Muslim investors. It failed 1 of 4 compliance screens. Monster Beverage Corporation's core business activity was found to be non-compliant.

Monster Beverage Corporation is a global leader in the beverage sector, renowned for its extensive lineup of energy drinks like Monster Energy, Reign, and NOS. The company develops, markets, and distributes carbonated and non-carbonated energy drinks, ready-to-drink iced teas, and sports drinks across international markets. For Muslim investors using HalalStocks.co.uk, Monster Beverage Corporation is currently classified as Not Halal (Haram). While the company comfortably passes all financial screens, it fails the critical business activity screen due to its recent strategic acquisitions and product launches in the alcoholic beverage space. This direct involvement makes the stock impermissible for a halal portfolio. From a financial perspective, Monster boasts an exceptionally clean balance sheet that easily satisfies Islamic finance thresholds. The company carries zero debt relative to its market capitalization (0.0%) and maintains a highly compliant interest income-to-revenue ratio of just 1.03%, showing minimal reliance on interest-bearing activities. Historically, Monster was widely held by Muslim investors when it strictly produced non-alcoholic energy drinks. Investors should monitor if the company spins off its alcohol division in the future, which could potentially restore its shariah-compliant status under AAOIFI standards. Monster Beverage Corporation operates in the Consumer Defensive sector under the Beverages - Non-Alcoholic industry and is headquartered in Corona, CA, US. The company is led by CEO Hilton H. Schlosberg and employs approximately 6,891 people.

MNST 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. MNST passed 3 of these 4 screens.

MNST 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.