
Is Restaurant Brands International (QSR) stock Halal?
Under AAOIFI Shariah Standard No. 21, a Halal stock keeps non-permissible income below 5% of revenue and interest-bearing debt and investments each below 30% of market capitalisation. Restaurant Brands International, Inc. (QSR) does not meet the threshold for the interest-bearing debt screen as of September 2026, so it is not Shariah compliant.
Restaurant Brands International is a Canadian multinational fast-food holding company that owns, operates, and franchises quick-service restaurants, including renowned brands such as Burger King, Tim Hortons, and Popeyes Louisiana Kitchen. The primary function of the company is to serve customers globally through a diverse array of menu offerings catering to local tastes and preferences. Known for its robust franchise model, Restaurant Brands International empowers local entrepreneurs, thereby fostering a wide-reaching and adaptable presence across various regions. For Muslim investors, though, the most pressing question is simpler: is Restaurant Brands International a Halal investment?
Is Restaurant Brands International Shariah compliant?
For industrial companies like Restaurant Brands International, the product is rarely the problem; aircraft, vehicles and machinery are permissible. The exposure is leverage: fleets and factories are financed, and the 30% cap that AAOIFI Shariah Standard No. 21 places on interest bearing debt is the screen that decides most verdicts in this sector.
Does Restaurant Brands International pass the business activity test?
The activity screen is only part of the picture this month: Restaurant Brands International currently fails the interest-bearing debt screen, so the overall verdict is not compliant regardless of the business itself. The activity itself raises no Shariah objection; the scrutiny belongs to the financing.
Is Restaurant Brands International's income Halal?
Yes, within AAOIFI's tolerance. Restaurant Brands International's income from non-permissible sources stays below 5% of revenue in the September 2026 screening.
Does Restaurant Brands International meet AAOIFI's debt and investment ratio requirements?
Not in full. Interest bearing debt currently exceeds the 30% cap, while the other ratio stays within it. One breach is enough to fail the screening; the ratios are reassessed monthly under our Shariah Supervisory Board.
Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.
New to the four screens? Read AAOIFI Standards Explained: What Makes a Stock Halal?



