What is Ermenegildo Zegna N.V.'s Shariah compliance score?

Ermenegildo Zegna N.V. (ZGN) has a Shariah compliance score of 63/100 (Grade: B, Acceptable) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Ermenegildo Zegna N.V. pass AAOIFI screening?

Ermenegildo Zegna N.V. (ZGN) partially passes with caution AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (ZGN: 26.2%), (3) interest-bearing deposits below 30% (ZGN: 7.9%), and (4) prohibited income below 5% (ZGN: 1.8%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Ermenegildo Zegna N.V. stock?

Ermenegildo Zegna N.V. (ZGN) has a non-permissible income ratio of 1.75%. Muslim investors should purify this percentage of any dividends received and capital gains realized from ZGN shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Ermenegildo Zegna N.V. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Ermenegildo Zegna N.V. (ZGN) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about ZGN's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

ZGN: Is Ermenegildo Zegna N.V. Halal?

Ermenegildo Zegna N.V.

NYSEConsumer CyclicalIT

$13.44

-0.96%

Market Cap: 3.6B

Compliance Status

Doubtful

Screened on Jul 19, 2026 · AAOIFI Standard 21

Acceptable

63Score

Is Ermenegildo Zegna N.V. (ZGN) halal? Doubtful. Based on AAOIFI screening, Ermenegildo Zegna N.V. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 63/100 (Grade: B).

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Close to the limit

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

26.2% of 30.0% limit

What this means for you

You may own ZGN, with caution

Its numbers sit close to AAOIFI limits. Cautious investors may prefer alternatives or ask a scholar first.

Purify 1.8% of your income from ZGN

That is about $1.80 of every $100 you earn from it. Donate this share to charity.

Calculate my exact amount

About Ermenegildo Zegna N.V.

Ermenegildo Zegna N.V., along with its affiliated entities, operates as a leading luxury fashion house. The company is engaged in the design, production, marketing, and global distribution of high-end menswear, footwear, leather goods, and assorted accessories, primarily under its distinguished Zegna and Thom Browne labels. Its comprehensive men's collection features opulent leisurewear, sophisticated formal wear including suits, tuxedos, shirts, blazers, and overcoats, as well as accompanying accessories. The offering also encompasses an array of refined leather accessories such as shoes, bags, belts, and smaller leather articles, alongside fragrances. Furthermore, under the Thom Browne brand, the company extends its portfolio to include luxury womenswear and childrenswear. Zegna also provides licensed products like eyewear, cufflinks, fine jewelry, timepieces, intimate apparel, and beachwear, which are manufactured by external partners. The firm connects with its clientele through its global network of retail stores and online platforms, serving regions across Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific. Established in 1910, Ermenegildo Zegna N.V. is headquartered in Trivero, Italy, and functions as a subsidiary of Monterubello Societa' Semplice.

Sector: Consumer Cyclical · Industry: Apparel - Manufacturers

Why This Stock Is Doubtful

Debt is 26.2% of market cap, only 3.8 points below the 30% AAOIFI limit

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 19, 2026

Compliance History

Doubtfulnow
since Jun 2026
Halal
until the change above
Doubtful
until the change above

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

Fiscal: FY 2025Data source: FMP

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Frequently Asked Questions

Is Ermenegildo Zegna N.V. (ZGN) halal to invest in?

Ermenegildo Zegna N.V. (ZGN) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.

Why did Ermenegildo Zegna N.V. get a B compliance rating?

Ermenegildo Zegna N.V. (ZGN) received a grade of B (Acceptable) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 26.2% (limit 30%); interest-bearing deposits of 7.9% (limit 30%); prohibited income of 1.75% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Ermenegildo Zegna N.V.'s Shariah verdict?

Ermenegildo Zegna N.V.'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 Ermenegildo Zegna N.V. re-screened for Shariah compliance?

Ermenegildo Zegna N.V. (ZGN) 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 19, 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.