HAS

What You Should Know

Hasbro, Inc. is a US-headquartered global toy, game, and entertainment company organized into three reporting segments: Consumer Products (the legacy toy-and-game franchise including iconic toy brands Nerf, Play-Doh, Transformers, My Little Pony, Furby, Peppa Pig and PJ Masks under license, plus classic board games Monopoly, Scrabble — Hasbro owns the US and Canada rights with Mattel owning the international rights — Risk, Clue, Candy Land, Operation, Hungry Hungry Hippos, and many others), Wizards of the Coast and Digital Gaming (the most strategically important segment, including Magic: The Gathering — the world's leading trading card game and a substantial collectible-card-and-tournament ecosystem, Dungeons & Dragons — the leading tabletop role-playing game and a fast-growing digital and licensing franchise, plus digital games published by Wizards including Magic: The Gathering Arena and the broader digital-gaming portfolio), and Entertainment (Hasbro Entertainment film and TV production and licensing — substantially reduced following the 2023 sale of eOne — and the brand-licensing portfolio supporting Hasbro's intellectual property across film, TV, and consumer products). Toy and game manufacturing is permissible at the activity level under standard Sharia methodology — children's toys and board games are general-purpose entertainment. The Sharia concerns are concentrated in the Wizards of the Coast and Digital Gaming segment: Magic: The Gathering's collectible-card-pack purchase model and tournament prize structures raise gambling-adjacent (maysir) concerns under stricter Sharia views, particularly given that secondary markets place substantial monetary value on rare cards purchased in random booster packs; Dungeons & Dragons content involves fantasy magic, spell-casting, and supernatural-being elements that some scholars view as conflicting with Islamic principles on magic (sihr) and depictions of false deities; and digital-gaming monetization models include in-game purchases and gacha-style mechanics in some titles. The Entertainment segment historically included film and TV production that involved standard entertainment-industry content concerns. Most major Sharia advisory boards classify Hasbro as doubtful given the combination of trading-card-gaming, role-playing-game, and digital-gaming exposures. The financial screen consideration is leverage: Hasbro carries elevated debt following the 2019 eOne acquisition (now largely divested) and ongoing operational restructuring; verify against the 33% Sharia threshold.