Is Ingles Markets (IMKTA) stock halal?
Screened against AAOIFI Shari’ah Standard 21
No. Ingles Markets (IMKTA) does not pass the AAOIFI Shari’ah Standard 21 screen. Interest-bearing debt is 36.3% of the company’s 36-month average market value. AAOIFI’s limit is under 30% (Shari'ah Standard 21, 3/4/2). Last checked 1 October 2026.
Ingles Markets is not compliant under Halal / Islamic guidelines
AAOIFI Shari’ah Standard 21 Financial Audit
Figures from the latest annual report (the SEC filing or, for European companies, the ESEF annual report, where one exists, checked against Yahoo Finance) and a 36-month average market value.
| Test | Standard Limit | Actual Figure | Status |
|---|---|---|---|
| Main business | — | — | Pass |
| Interest-bearing debt | 30% | 36.28% | Fail |
| Cash and interest-bearing investments | 30% | 25.69% | Pass |
| Prohibited income | 5% | — | Review |
| Not just cash and debts | 90% | 18.42% | Pass |
Key Findings & Observations
- Companies in its industry (SEC industry code 5411 (Retail-Grocery Stores)) usually sell alcohol. It doesn’t report how much of its revenue that is.Source: Business check
- Companies in its industry (SEC industry code 5411 (Retail-Grocery Stores)) usually sell pork. It doesn’t report how much of its revenue that is.Source: Business check
- Interest-bearing debt is 36.3% of the company’s 36-month average market value. AAOIFI’s limit is under 30% (Shari'ah Standard 21, 3/4/2).Source: AAOIFI Shari'ah Standard 21
- The prohibited income test couldn’t be settled: The share of revenue from alcohol and pork isn’t reported.Source: AAOIFI Shari'ah Standard 21
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Frequently Asked Questions about Ingles Markets, Incorporated (IMKTA)
Is Ingles Markets (IMKTA) stock halal?▾
No. Ingles Markets (IMKTA) does not pass the AAOIFI Shari’ah Standard 21 screen. Interest-bearing debt is 36.3% of the company’s 36-month average market value. AAOIFI’s limit is under 30% (Shari'ah Standard 21, 3/4/2). Last checked 1 October 2026.
What is Ingles Markets's debt ratio under Islamic finance standards?▾
Under AAOIFI Shari’ah Standard 21, interest-bearing debt must stay under 30% of a company's 36-month average market value. Ingles Markets's ratio is about 36.3%.
How much dividend purification is required for Ingles Markets (IMKTA) stock?▾
Ingles Markets does not pass the screen, so purification does not apply: the standard does not permit holding it.
Does Ingles Markets operate in prohibited business activities?▾
AAOIFI Shari’ah Standard 21 excludes companies whose main business is prohibited, such as alcohol, pork, gambling, conventional interest-based finance and adult entertainment. Ingles Markets's main business is checked against these. For companies that file with the US SEC, revenue by division is also read from the filing, so a division in a prohibited business is counted. Where the check cannot be settled, the result is shown as Needs Review rather than guessed.
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