Ermenegildo Zegna N.V.

ZGN: Is Ermenegildo Zegna N.V. Halal?

Ermenegildo Zegna N.V.

NYSEConsumer CyclicalIT

$13.44

-0.96%

Market Cap: 3.6B

Compliance Status

Not Halal

Screened on Sep 3, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Ermenegildo Zegna N.V. (ZGN) halal? Not Halal. Based on AAOIFI screening, Ermenegildo Zegna N.V. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Ermenegildo Zegna N.V. (ZGN) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Sep 3, 2026. Source: https://halalscreener.app/en/stock/ZGN

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%.

33.6% of 30.0% limit

What this means for you

Most scholars advise not holding ZGN

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

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

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 3, 2026

Compliance History

  1. Not Halalnow

    since Aug 2026

  2. Under Review

    until the change above

  3. Doubtful

    until the change above

  4. Halal

    until the change above

  5. Doubtful

    until the change above

  6. Halal

    until the change above

  7. Doubtful

    until the change above

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

Fiscal: FY 2025Data source: FMP

Halal Alternatives in Consumer Cyclical

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

03
0380.KLA+

Aquawalk Group Berhad

$0.16

+0.03%

03
0393.KLA+

Teamstar Berhad

$0.25

-0.02%

35
3573.KLA+

Lien Hoe Corporation Berhad

$0.11

+0.00%

38
3891.KLA+

Malayan United Industries Berhad

$0.04

-0.11%

53
5336.KLA+

CUCKOO International (MAL) Berhad

$0.41

-0.01%

More Consumer Cyclical Stocks

AMZN

Amazon.com, Inc.

A

TSLA

Tesla, Inc.

A

HD

The Home Depot, Inc.

A

MCD

McDonald's Corporation

B+

BKNG

Booking Holdings Inc.

C+

LOW

Lowe's Companies, Inc.

F
Free · No credit card required

Track ZGN and 6,200+ stocks with AI insights

Create your free account to unlock AI-powered compliance analysis, track your portfolio, calculate purification, and get unlimited AAOIFI screening.

Get Started FreeBrowse Screener
6,200+ assets AAOIFI standards Free watchlist

Frequently Asked Questions

Is Ermenegildo Zegna N.V. (ZGN) halal to invest in?
Ermenegildo Zegna N.V. (ZGN) 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 Ermenegildo Zegna N.V. get a F compliance rating?
Ermenegildo Zegna N.V. (ZGN) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 33.6% (limit 30%). 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: Sep 3, 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.