What is Callaway Golf Company's Shariah compliance score?

Callaway Golf Company's (CALY) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Callaway Golf Company pass AAOIFI screening?

Callaway Golf Company (CALY) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (CALY: 40.6%), (3) interest-bearing deposits below 30% (CALY: 9.1%), and (4) prohibited income below 5% (CALY: 0.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Callaway Golf Company stock?

Callaway Golf Company (CALY) has a non-permissible income ratio of 0.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from CALY shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Callaway Golf Company for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Callaway Golf Company (CALY) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about CALY's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

CALY: Is Callaway Golf Company Halal?

Callaway Golf Company

NYSEConsumer CyclicalUS

$19.25

+4.17%

Market Cap: 3.5B

Compliance Status

Not Halal

Screened on Jul 19, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Callaway Golf Company (CALY) halal? Not Halal. Based on AAOIFI screening, Callaway Golf Company passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

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%.

40.6% of 30.0% limit

What this means for you

Most scholars advise not holding CALY

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Callaway Golf Company

Callaway Golf Company is a global enterprise that develops, produces, and sells a diverse range of golf equipment, golf and lifestyle apparel, and associated accessories. Its operations span across the United States, Europe, Asia, and other international markets, organized into three primary business divisions: Topgolf, Golf Equipment, and Active Lifestyle. The Topgolf segment manages entertainment venues equipped with cutting-edge technology-enabled hitting bays, complete with bars, dining areas, and event spaces, in addition to providing its Toptracer ball-flight tracking technology. In the Golf Equipment segment, the company offers a comprehensive selection of golf clubs, including drivers, fairway woods, hybrids, irons, wedges, putters, and pre-owned clubs, marketed predominantly under the Callaway and Odyssey brands. This division also manufactures golf balls under the Callaway Golf and Strata labels. The Active Lifestyle segment encompasses various brands: Callaway provides golf apparel, footwear, and accessories such as golf bags, gloves, headwear, and practice aids; TravisMathew features clothing, footwear, outerwear, and accessories for men, women, and youth; OGIO specializes in storage and travel solutions like backpacks, travel bags, duffels, and golf bags; and Jack Wolfskin supplies outdoor apparel for men, women, and children (including jackets, trousers, dresses, skirts, and tops), footwear, and outdoor gear such as packs, bags, travel bags, tents, and sleeping bags. Callaway distributes its products through a broad array of channels, including specialized golf retailers, sporting goods stores, online platforms, large mass merchants, department stores, third-party distributors, mail-order services, and directly to consumers via its own retail outlets and websites. The company, founded in 1982 and based in Carlsbad, California, was previously known as Topgolf Callaway Brands Corp. and is scheduled to officially change its name to Callaway Golf Company in January 2026.

Sector: Consumer Cyclical · Industry: Leisure

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 19, 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.

•Leisure: estimated 2.0% peripheral exposure (AAOIFI industry average)

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

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: Q1 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:

MARA+

Marriott International, Inc.

$366.24

-0.85%

FWDIA+

Forward Industries, Inc.

$3.96

+11.86%

ROLA+

Rollins, Inc.

$44.77

-0.40%

TSCOA+

Tractor Supply Company

$30.24

+1.65%

GNTXA+

Gentex Corporation

$24.35

-2.25%

More Consumer Cyclical Stocks

AMZN

Amazon.com, Inc.

A+

TSLA

Tesla, Inc.

The Home Depot, Inc.

MCD

McDonald's Corporation

B+

BKNG

Booking Holdings Inc.

LOW

Lowe's Companies, Inc.

Free · No credit card required

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Frequently Asked Questions

Is Callaway Golf Company (CALY) halal to invest in?

Callaway Golf Company (CALY) 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 Callaway Golf Company get a F compliance rating?

Callaway Golf Company (CALY) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 40.6% (limit 30%); interest-bearing deposits of 9.1% (limit 30%); prohibited income of 0.00% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Callaway Golf Company's Shariah verdict?

Callaway Golf Company'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 Callaway Golf Company re-screened for Shariah compliance?

Callaway Golf Company (CALY) 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: Jul 19, 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.