What is Bassett Furniture Industries, Incorporated's Shariah compliance score?

Bassett Furniture Industries, Incorporated (BSET) has a Shariah compliance score of 0/100 (Grade: F, Non-Compliant). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does Bassett Furniture Industries, Incorporated pass AAOIFI screening?

Bassett Furniture Industries, Incorporated (BSET) does not pass AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. BSET's debt-to-market-cap is 46.1%.

How much purification is needed for Bassett Furniture Industries, Incorporated?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the percentage and amount for Bassett Furniture Industries, Incorporated (BSET) using the latest financial data.

Where can I screen Bassett Furniture Industries, Incorporated for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Bassett Furniture Industries, Incorporated (BSET) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

BSETNot HalalF

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Compliance Status

Not Halal

Screened on Oct 5, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Bassett Furniture Industries, Incorporated (BSET) halal? Not Halal. Based on AAOIFI screening, Bassett Furniture Industries, Incorporated passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Bassett Furniture Industries, Incorporated (BSET) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 5, 2026. Source: https://halalscreener.app/en/stock/BSET

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

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

46.1% of 30.0% limit

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

What this means for you

Most scholars advise not holding BSET

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

BSET: Is Bassett Furniture Industries, Incorporated Halal?

Bassett Furniture Industries, Incorporated

NASDAQConsumer CyclicalUS

$20.95

Market Cap: 181.4M

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About Bassett Furniture Industries, Incorporated

Bassett Furniture Industries, Incorporated (BSET) is a prominent company involved in the design, manufacturing, marketing, and retail of home furnishings, serving both domestic U.S. and international markets. Its operations are segmented into three core areas: Wholesale, company-owned Retail Stores, and Logistical Services. The firm actively designs, produces, sources, sells, and distributes a wide range of furniture items through its network of corporate-owned and licensee-operated retail outlets, as well as via independent furniture retailers. Bassett also specializes in both wood and upholstered furniture production. As of November 27, 2021, the company's retail footprint included 63 directly owned stores and 34 stores run by licensees. Additionally, Bassett offers shipping and warehousing services to clients within the broader furniture industry. The company also strategically owns and leases retail properties and extends its product reach through various channels such as multi-line furniture stores, dedicated Bassett galleries, mass merchants, specialty stores, and its own e-commerce platform. Established in 1902, Bassett Furniture Industries, Incorporated is based in Bassett, Virginia.

Sector: Consumer Cyclical · Industry: Furnishings, Fixtures & Appliances

Why this does not pass

Interest-bearing debt is 46.1% of market cap, over the 30% AAOIFI limit.

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 5, 2026

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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 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

Halal Alternatives in Consumer Cyclical

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

0380.KLA+

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Teamstar Berhad

$0.23

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Lien Hoe Corporation Berhad

$0.10

+0.00%

3891.KLA+

Malayan United Industries Berhad

$0.05

+0.13%

5336.KLA+

CUCKOO International (MAL) Berhad

$0.37

+0.00%

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Frequently Asked Questions

Is Bassett Furniture Industries, Incorporated (BSET) halal to invest in?

Bassett Furniture Industries, Incorporated (BSET) 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 Bassett Furniture Industries, Incorporated get a F compliance rating?

Bassett Furniture Industries, Incorporated (BSET) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 46.1% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Bassett Furniture Industries, Incorporated's Shariah verdict?

Bassett Furniture Industries, Incorporated'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 Bassett Furniture Industries, Incorporated re-screened for Shariah compliance?

Bassett Furniture Industries, Incorporated (BSET) 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 5, 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.