Is Amcor Stock Halal?

Is Amcor Stock Halal?

How much of Amcor’s revenue comes from haram?

Amcor manufactures packaging products for various industries worldwide.

Amcor earns its revenue from the following segments:

  • Flexibles:

Includes revenue generated from supplying flexible and film packaging for the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries

  • Rigid Packaging: 

Includes revenue generated from supplying rigid plastic containers for a variety of predominantly beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk-based beverages, spirits and beer, sauces, dressings, spreads, personal care items, and plastic caps.

The contributions from each of Amcor’s revenue segments in their 2020 annual report were as follows:

An area of concern for Practical Islamic Finance is revenue generated from supplying packaging for alcoholic beverages (including beer and wine bottles).

Determining the exact share of revenue coming from supplying packaging for alcoholic beverages is extremely difficult since Amcor does not provide industry-specific breakdowns of its revenue.

However, given the variety of industries Amcor provides packaging for, Practical Islamic Finance estimates supplying packaging used for alcoholic beverages to be immaterial to Amcor’s business.

Practical Islamic Finance concludes:

Only a non-material portion of Amcor’s revenue comes from haram.

Does Amcor rely on interest to operate?

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What is Amcor’s Environmental, Social, and Governance (ESG) impact?


According to Amcor’s 2020 Sustainability Report, Amcor used 83,917 tons of post-consumer recycled resin for its packaging products, a 37% increase from 2019.

In addition, as a result of sourcing more recycled resin, Amcor reduced its greenhouse gas emissions by 113,600 tons.


Amcor has an above-average Glassdoor rating of 3.6 out of 5.0 from over 900 current and previous employees compared to a 3.3 average for all other Glassdoor rated companies.


Amcor has had some environmental infractions in the past, however they have since been settled.

Given Amcor seems like it’s on the right course now and in light of its recent environmental initiatives, Practical Islamic Finance is willing to give them the benefit of doubt.

Practical Islamic Finance concludes:

Amcor has a net positive ESG impact.

Comfort Rating

From Amcor’s business, financial, and ESG reviews, Practical Islamic Finance rates Amcor’s stock as:

Comfortable to invest in from a Halal perspective.


Amcor Q1 2021 10-Q 

Amcor 2020 10-K 

Amcor 2020 Sustainability Report 

Amcor Wikipedia 

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