Colgate-Palmolive Company is a global consumer products manufacturer operating in two main segments: Oral, Personal and Home Care, and Pet Nutrition. The company produces and markets a wide range of products including oral care items, personal care products, household cleaners, and pet food under various well-known brands. Founded in 1806, Colgate-Palmolive is headquartered in New York City and distributes its products through traditional retailers, e-commerce platforms, and specialized channels like veterinarians.
Frequently asked questions
Is Colgate-Palmolive Company (CL) stock halal to invest in?
Yes. As of , CL is Shariah-compliant under AAOIFI standards, so it is considered halal to invest in. Colgate-Palmolive Company passes both the business screen and the financial screen: its revenue from impermissible activities, its interest-bearing debt and its interest-bearing securities are all within AAOIFI limits, based on its most recent financial reports.
Does Colgate-Palmolive Company have any interest income?
Yes, Colgate-Palmolive Company does have interest income. According to the company's latest annual report for
the fiscal year ending Dec 31, 2025, Colgate-Palmolive Company reported revenue of
$20,382,000,000 and interest income of
$75,000,000. The interest income represents
0.37% of the combined total. It's worth noting that some companies
may report additional interest income as part of their revenue. For a detailed breakdown of all interest
income and revenue segments, please refer to the full Shariah compliance report available in the Zoya app.
What guidelines are used to determine if Colgate-Palmolive Company stock is Shariah-compliant?
We use the guidelines set by the Accounting and Auditing Organization for Islamic Financial Institutions
(AAOIFI) to assess Shariah compliance. AAOIFI is a leading international organization that establishes
standards for Islamic finance. Their guidelines help determine if a company's business activities and
financial structure align with Islamic principles. These standards are widely respected in the Islamic
finance industry and provide a consistent framework for evaluating the Shariah compliance of stocks and
other financial instruments. AAOIFI's Shariah board includes renowned scholars such as Sheikh Muhammad
Taqi Usmani, Sheikh Mohamed Ali Elgari, Sheikh Abdullah AlManea, Sheikh Nizam Yaquby, and Dr. Aznan Hassan.
How often is Colgate-Palmolive Company stock reviewed for Shariah compliance?
The Shariah compliance status of Colgate-Palmolive Company stock is reviewed on a regular basis, with a minimum
frequency of once per quarter. However, if there are any significant changes or major developments
in the company's operations that may impact its compliance, an immediate review will be conducted to
ensure ongoing adherence to Shariah principles.
How can I stay updated on Colgate-Palmolive Company's compliance status?
To stay informed, we recommend regularly checking Zoya for updates. You can also enable alerts within
the Zoya app to receive notifications whenever there is a change in the Shariah compliance of CL,
or any other stocks you are monitoring. This is particularly useful as Shariah compliance can fluctuate
due to changes in a company's financial ratios or business activities.
Are dividends from Colgate-Palmolive Company stock considered halal?
Yes, dividends from CL are considered halal. However, you may need to purify a portion of the
dividend if the company has any impermissible revenue. Shariah standards typically allow up to 5% of
revenue from impermissible sources for a stock to remain compliant. To find the exact percentage of
impermissible revenue for Colgate-Palmolive Company (CL), check the Zoya app. For more details on the
purification process, read
our comprehensive guide.
Do I need to pay Zakat on my Colgate-Palmolive Company shares?
If you hold Colgate-Palmolive Company stock as an investment, through an Employee Stock Ownership
Plan (ESOP), stock options, restricted stock units (RSUs), or any other form of stock ownership, and
meet the Nisab threshold, you may be required to pay Zakat on it. The calculation of Zakat on investments
can be complex and depends on various factors. To help make this easy, we've created a free
Zakat calculator for stocks. For a more
seamless experience, use the Zoya mobile app, where you can link your brokerage account to
automatically import holdings.
How to buy Colgate-Palmolive Company (CL) stock on Zoya
Sign up for a free Zoya account It’s easy to get started. You can sign up for an account directly on our website or by downloading the Zoya app for iOS or Android.
Link a brokerage account Zoya partners with leading brokerages like Alpaca and others for a seamless way to buy and manage stocks through Zoya.
Decide how much to invest Navigate to the search screen and type the name of the stock into the search bar. Then, click the buy button and input the amount you'd like to invest, either in terms of dollars or number of shares. Review the real-time stock price and estimated quantity of shares before confirming your investment.
Manage your portfolio in one place You can find your newly purchased stock in your Zoya portfolio alongside the rest of your holdings. Enable alerts to get notified of any changes in your portfolio's Shariah compliance.
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