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

Oatly Group AB

OTLY: Is Oatly Group AB Halal?

Not Halal

Oatly Group AB

NASDAQConsumer DefensiveSE

$8.30

+3.36%

About Oatly Group AB

Oatly Group AB, a company established in 1994 and based in Malmö, Sweden, specializes in the production of plant-based dairy alternatives. Utilizing oats as its core ingredient, Oatly offers a comprehensive array of food and beverage products, including its popular Barista edition oat milk, oat-based yogurts, a variety of frozen desserts and ice creams, and ready-to-drink beverages such as cold brew, mocha, and matcha lattes, as well as original and chocolate mini oat drinks. Their culinary range also features cooking creams (available in regular and organic versions), crème fraîche, whipping cream, vanilla custard, and various spreads. The company was formerly known as Havre Global AB, officially adopting the name Oatly Group AB in March 2021.

Sector: Consumer Defensive · Industry: Beverages - Non-Alcoholic

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 2026
F

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap216.2% / 30.0%

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.

Screened: Jun 18, 2026Fiscal: FY 2025Source: FMP

Financial Overview

Market Cap

259.2M

Price

$8.30

Sector

Consumer Defensive

Industry

Beverages - Non-Alcoholic

Halal Alternatives in Consumer Defensive

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

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Frequently Asked Questions

Is Oatly Group AB (OTLY) halal to invest in?
Oatly Group AB (OTLY) 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 Oatly Group AB get a F compliance rating?
Oatly Group AB (OTLY) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 216.2% (limit 30%); interest-bearing deposits of 24.8% (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 Oatly Group AB's Shariah verdict?
Oatly Group AB'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 Oatly Group AB re-screened for Shariah compliance?
Oatly Group AB (OTLY) 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: Jun 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.