Flanigan's Enterprises, Inc.

BDL: Is Flanigan's Enterprises, Inc. Halal?

Flanigan's Enterprises, Inc.

AMEXConsumer CyclicalUS

$50.57

+0.36%

Market Cap: 94.0M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Flanigan's Enterprises, Inc. (BDL) halal? Not Halal. Based on AAOIFI screening, Flanigan's Enterprises, Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Business activity

What the company sells is permissible.

Passed

Company debt

Within the limit

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

22.2% of 30.0% limit

What this means for you

Most scholars advise not holding BDL

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Flanigan's Enterprises, Inc.

Flanigan's Enterprises, Inc., along with its affiliated entities, manages and operates a network of full-service dining establishments and retail liquor outlets across South Florida. The company's business activities are categorized into two primary divisions: its retail liquor segment and its restaurant segment. Operating under the "Big Daddy's Liquors" brand, its package liquor stores offer a diverse selection of private label spirits, beers, and wines. Concurrently, its restaurants, known as "Flanigan's Seafood Bar and Grill," provide a comprehensive food menu in addition to alcoholic beverages. As of October 2, 2021, Flanigan's directly controlled 27 locations, comprising individual restaurants, dedicated package liquor stores, and hybrid restaurant/liquor store venues. Additionally, the company had franchised 5 units, which included two restaurants and three combined restaurant/package liquor store concepts. Founded in 1959, Flanigan's Enterprises, Inc. is headquartered in Fort Lauderdale, Florida.

Sector: Consumer Cyclical · Industry: Restaurants

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

Business Activity Screen

Passed

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

Peripheral exposure (still halal, purify this share)
2.0%

Primary business is permissible. AAOIFI allows up to 5% revenue from incidental non-compliant sources, provided the share is purified.

  • Restaurants: estimated 2.0% peripheral exposure (AAOIFI industry average)
  • Contains reference to: beer
  • Contains reference to: wine
  • Contains reference to: spirits
  • Contains reference to: liquor

Use the Purification Calculator to compute exactly how much of your dividend income to donate.

Compliance History

Not Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

Tracked since Aug 2026. Updates automatically on each re-screen.

Fiscal: Q3 2026Data source: EDGAR
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Frequently Asked Questions

Is Flanigan's Enterprises, Inc. (BDL) halal to invest in?
Flanigan's Enterprises, Inc. (BDL) 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 Flanigan's Enterprises, Inc. get a F compliance rating?
Flanigan's Enterprises, Inc. (BDL) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 22.2% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Flanigan's Enterprises, Inc.'s Shariah verdict?
Flanigan's Enterprises, 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 Flanigan's Enterprises, Inc. re-screened for Shariah compliance?
Flanigan's Enterprises, Inc. (BDL) 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: Aug 26, 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.