ASONot HalalF
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Compliance Status

Not Halal

Screened on Oct 12, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Academy Sports and Outdoors, Inc. (ASO) halal? Not Halal. Based on AAOIFI screening, Academy Sports and Outdoors, Inc. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

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HalalScreener rates Academy Sports and Outdoors, Inc. (ASO) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 12, 2026. Source: https://halalscreener.app/en/stock/ASO

Business activity

Involved in prohibited business activities.

Failed

Company debt

Well clear of the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

14.9% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding ASO

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

Academy Sports and Outdoors, Inc.

ASO: Is Academy Sports and Outdoors, Inc. Halal?

Academy Sports and Outdoors, Inc.

NASDAQConsumer CyclicalUS

$58.63

Market Cap: 3.6B

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About Academy Sports and Outdoors, Inc.

Academy Sports and Outdoors, Inc., through its various subsidiaries, operates as a significant retailer of sporting goods and outdoor recreational products throughout the United States. The company offers a vast and diverse inventory, encompassing everything from essential camping and marine equipment—like coolers, fishing rods, and bait—to specialized gear for hunting and shooting, including firearms, ammunition, archery supplies, and optics. For athletes and fitness enthusiasts, Academy provides equipment for popular team sports such as baseball, football, basketball, soccer, and golf, alongside fitness machinery, accessories, and nutritional supplements. Their product lines also extend to home and leisure items, featuring patio furniture, outdoor cooking appliances, trampolines, and watersports equipment, as well as various electronics and everyday consumables. Furthermore, the retailer stocks a comprehensive range of apparel, from outdoor and workwear to seasonal clothing, graphic t-shirts, and licensed merchandise from professional and collegiate teams. An extensive footwear selection is also available, covering casual and work boots, youth shoes, and specialized athletic footwear for running, training, and team sports. Academy Sports and Outdoors markets many items under its own private labels, which include Academy Sports + Outdoors, Magellan Outdoors, BCG, O'rageous, Outdoor Gourmet, and Freely. As of June 14, 2022, the company maintained a robust physical footprint with 260 retail stores located across 16 contiguous U.S. states, supplemented by its online sales platform, academy.com. The enterprise, established in 1938, is headquartered in Katy, Texas.

Sector: Consumer Cyclical · Industry: Specialty Retail

Why this does not pass

  • Business activity: the company earns from an activity AAOIFI treats as prohibited.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 12, 2026

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Business Activity Screen

Failed

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

  • Prohibited activity detected: ammunition
  • Prohibited activity detected: firearms
PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

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.

Fiscal: Q2 2026Data source: EDGAR
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Frequently Asked Questions

Is Academy Sports and Outdoors, Inc. (ASO) halal to invest in?
Academy Sports and Outdoors, Inc. (ASO) 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 Academy Sports and Outdoors, Inc. get a F compliance rating?
Academy Sports and Outdoors, Inc. (ASO) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 14.9% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Academy Sports and Outdoors, Inc.'s Shariah verdict?
Academy Sports and Outdoors, Inc.'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 Academy Sports and Outdoors, Inc. re-screened for Shariah compliance?
Academy Sports and Outdoors, Inc. (ASO) 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: Oct 12, 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.