Is Jerónimo Martins (JMT.LS) stock halal?
Screened against AAOIFI Shari’ah Standard 21
Not settled. Jerónimo Martins (JMT.LS) could not be confirmed either way under the AAOIFI Shari’ah Standard 21 screen. Companies in its industry (Yahoo industry “Food Distribution”) usually sell alcohol. It doesn’t report how much of its revenue that is. We show this as Needs Review rather than guess. Last checked 22 September 2026.
Jerónimo Martins needs further review 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% | 44.41% | Review |
| Cash and interest-bearing investments | 30% | 18.08% | Pass |
| Prohibited income | 5% | — | Review |
| Not just cash and debts | 90% | 13.75% | Pass |
Key Findings & Observations
- Companies in its industry (Yahoo industry “Food Distribution”) usually sell alcohol. It doesn’t report how much of its revenue that is.Source: Business check
- Companies in its industry (Yahoo industry “Food Distribution”) usually sell pork. It doesn’t report how much of its revenue that is.Source: Business check
- The interest-bearing debt test couldn’t be settled: The figures give 10.0% and 44.4%, on either side of the limit. Includes lease liabilities that may be ordinary rent, which AAOIFI does not count as borrowing.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
Get an email when verdicts change
One email a month. No spam, unsubscribe any time.
Frequently Asked Questions about Jerónimo Martins, SGPS, S.A. (JMT.LS)
Is Jerónimo Martins (JMT.LS) stock halal?▾
Not settled. Jerónimo Martins (JMT.LS) could not be confirmed either way under the AAOIFI Shari’ah Standard 21 screen. Companies in its industry (Yahoo industry “Food Distribution”) usually sell alcohol. It doesn’t report how much of its revenue that is. We show this as Needs Review rather than guess. Last checked 22 September 2026.
What is Jerónimo Martins'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. Jerónimo Martins's ratio is about 44.4%.
How much dividend purification is required for Jerónimo Martins (JMT.LS) stock?▾
No purification is required for Jerónimo Martins based on its latest annual report.
Does Jerónimo Martins 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. Jerónimo Martins'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.
Other Halal & Shariah-compliant Consumer Defensive Stocks
Explore other screened equities in the Consumer Defensive sector.
Track your entire portfolio for Halal / Islamic compliance
Check whether your stocks, ETFs, and 401(k) holdings comply with AAOIFI Shari’ah Standard 21. Save stocks and keep every holding’s verdict in one place.