Nomad Foods Limited

NOMD: Is Nomad Foods Limited Halal?

Nomad Foods Limited

NYSEConsumer DefensiveGB

$11.53

+1.27%

Market Cap: 1.6B

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

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

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%.

142.4% of 30.0% limit

What this means for you

Most scholars advise not holding NOMD

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Nomad Foods Limited

Nomad Foods Limited operates as a leading entity in the frozen food industry, handling the manufacturing, promotion, and supply of its diverse product range across a significant portion of Europe. Its operational reach extends to countries including the United Kingdom, Italy, Germany, France, Sweden, Austria, Norway, Spain, and other European territories. The company's extensive product offerings encompass various categories. This includes a selection of seafood items, such as classic fish fingers, breaded or battered fish, and natural fish fillets. They also provide frozen vegetables, with staples like peas and spinach, alongside a variety of poultry and meat products such as chicken nuggets, grilled options, and burgers. Beyond these, Nomad Foods offers a wide array of convenience meals, ranging from ready-to-cook noodles, pasta dishes, and lasagna, to pancakes and other pre-prepared dishes. Their portfolio further diversifies with frozen desserts like ice creams, and other specialized goods such as soups, pizzas, baked items, and plant-based meat alternatives. These products are made available to consumers through major supermarkets and food retail chains. Distribution occurs either directly or through strategic partnership agreements, primarily under well-recognized brands like Birds Eye, Iglo, Findus, Goodfella's, La Cocinera, Ledo, Frikom, San Marco, and Aunt Bessie's. The principal executive office for Nomad Foods Limited is located in Feltham, United Kingdom.

Sector: Consumer Defensive · Industry: Packaged Foods

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 2026

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Fiscal: FY 2025Data source: FMP

Halal Alternatives in Consumer Defensive

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Frequently Asked Questions

Is Nomad Foods Limited (NOMD) halal to invest in?
Nomad Foods Limited (NOMD) 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 Nomad Foods Limited get a F compliance rating?
Nomad Foods Limited (NOMD) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 142.4% (limit 30%); interest-bearing deposits of 20.5% (limit 30%); prohibited income of 0.00% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Nomad Foods Limited's Shariah verdict?
Nomad Foods Limited's verdict is re-evaluated at each annual re-screen. 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 Nomad Foods Limited re-screened for Shariah compliance?
Nomad Foods Limited (NOMD) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jul 18, 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.