DANOYNot HalalF
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Is Danone (DANOY) Stock Halal?

Compliance Status

Not Halal

Screened on Nov 2, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Danone S.A. (DANOY) halal? Not Halal. Based on AAOIFI screening, Danone S.A. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Danone S.A. (DANOY) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Nov 2, 2026. Source: https://halalscreener.app/en/stock/DANOY

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

34.3% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding DANOY

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

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Danone S.A.

DANOY

Danone S.A.

OTCConsumer DefensiveFR

$14.59

Market Cap: 47.0B

Screened on a market cap of 42.1B

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About Danone S.A.

Danone S.A. is a leading global enterprise in the food and beverage industry, with extensive operations spanning Europe, North America, Latin America, the Asia Pacific region, Africa, and the Middle East. The company's business is structured around three core segments: Essential Dairy & Plant-Based, Specialized Nutrition, and Waters. Its Essential Dairy & Plant-Based segment encompasses a diverse portfolio of offerings, including yogurts, milk products, coffee creamers, various drinks and beverages, plant-based alternatives, ice creams, desserts, and nutritional powdered protein products. These are marketed under well-known proprietary brands such as Actimel, Activia, Alpro, and Danonino, as well as licensed brands like International Delight, Dunkin' Donuts, and Bailey's. The Specialized Nutrition division focuses on health-oriented products. This includes nutritional solutions for expectant and lactating mothers, infants, and young children, featuring brands like Aptamil, Nutrilon, and Happy Family Organics. Furthermore, it supplies clinical nutrition items such as tube feeding formulas (e.g., Nutrison) and oral nutritional supplements (e.g., Fortimel, NutriDrink). For children with allergies, Danone provides specialized hypoallergenic products under names like Aptamil ProSyneo and Neocate Syneo. Its Waters segment delivers a range of bottled waters, including natural mineral waters, those infused with fruit extracts, fruit juices, and vitamins, from popular brands such as evian, Volvic, Aqua, and Bonafont. Distribution of Danone's products occurs via a comprehensive multi-channel network, encompassing major retail chains, local market outlets, convenience stores, and specialized healthcare settings like hospitals, clinics, and pharmacies. The company also leverages e-commerce platforms to reach consumers. Founded in 1899, the company, originally known as Groupe Danone, adopted its current name, Danone S.A., in April 2009. Its corporate headquarters are located in Paris, France.

Sector: Consumer Defensive · Industry: Packaged Foods

Why this does not pass

  • Interest-bearing debt is 34.3% of market cap, over the 30% AAOIFI limit.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Nov 2, 2026
AI Compliance InsightProSee plans
Revenue BreakdownProSee plans

Compliance History

Not Halal, unchanged since Jun 2026.

No status changes recorded since we began tracking.

Tracked since Jun 2026. Updates automatically on each re-screen.

Fiscal: FY 2025Data source: FMP-ADR

Halal Alternatives in Consumer Defensive

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Frequently Asked Questions

Is Danone S.A. (DANOY) halal to invest in?
Danone S.A. (DANOY) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did Danone S.A. get a F compliance rating?
Danone S.A. (DANOY) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 34.3% (limit 30%); interest-bearing deposits within the 30% limit; prohibited income well clear of the 5% limit. The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Danone S.A.'s Shariah verdict?
Danone S.A.'s verdict is recalculated at every re-screen, including the one that follows each new quarterly or annual report. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is Danone S.A. re-screened for Shariah compliance?
Danone S.A. (DANOY) trades in the US as an ADR, so it is screened from the company's own financial statements in its home currency, currently those for fiscal year 2025, against its home-market market cap. It is re-screened about once a week. Last screened: Nov 2, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.