What is Envela Corporation's Shariah compliance score?

Envela Corporation (ELA) has a Shariah compliance score of 94/100 (Grade: A+, Excellent) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Envela Corporation pass AAOIFI screening?

Envela Corporation (ELA) passes 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% (ELA: 1.8%), (3) interest-bearing deposits below 30% (ELA: 3.8%), and (4) prohibited income below 5% (ELA: 0.3%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Envela Corporation stock?

Envela Corporation (ELA) has a non-permissible income ratio of 0.29%. Muslim investors should purify this percentage of any dividends received and capital gains realized from ELA 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 Envela Corporation for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Envela Corporation (ELA) 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 ELA's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

ELA: Is Envela Corporation Halal?

Envela Corporation

AMEXConsumer CyclicalUS

$24.64

+2.71%

Market Cap: 639.7M

Compliance Status

Halal

Screened on Jul 19, 2026 · AAOIFI Standard 21

A+

Excellent

94Score

Is Envela Corporation (ELA) halal? Halal. Based on AAOIFI screening, Envela Corporation passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 94/100 (Grade: A+).

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

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

1.8% of 30.0% limit

What this means for you

You can own ELA

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

Purify 0.3% of your income from ELA

That is about $0.30 of every $100 you earn from it. Donate this share to charity.

Calculate my exact amount

About Envela Corporation

Envela Corporation, together with its subsidiaries, primarily buys and sells jewelry and bullion products to individual consumers, dealers, Fortune 500 companies, municipalities, school districts, and other organizations in the United States. It offers jewelry and fine-watch products, including bridal jewelry, fashion jewelry, custom-made jewelry, diamonds, and other gemstones, as well as watches and jewelry components. The company also buys and sells various forms of gold, silver, platinum, and palladium products, including United States and other government coins, private mint medallions, art bars, and trade unit bars; and numismatic items, such as rare coins, currency, medals, tokens, and other collectibles, as well as provides jewelry and watches repair services. In addition, it offers end-of-life electronics recycling services; disposal transportation and product tracking services; IT-asset disposition services, including compliance and data sanitization services; and services to companies in the areas of software upgrades, and hardware or networking capabilities, as well as moving to cloud services. As of December 31, 2021, Envela Corporation marketed its products and services through six retail locations under the Dallas Gold & Silver Exchange name; and one retail location under the Charleston Gold & Diamond Exchange name, as well as through cgdeinc.com, dgse.com, echoenvironmental.com, ITADUSA.com, availrecovery.com, and teladvance.com e-commerce sites. The company was formerly known as DGSE Companies, Inc. and changed its name to Envela Corporation in December 2019. Envela Corporation was incorporated in 1965 and is headquartered in Irving, Texas.

Sector: Consumer Cyclical · Industry: Luxury Goods

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 19, 2026

Compliance History

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

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Frequently Asked Questions

Is Envela Corporation (ELA) halal to invest in?

Based on AAOIFI Standard 21 screening, Envela Corporation (ELA) is rated Halal with a compliance grade of A+ (Excellent). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).

Why did Envela Corporation get a A+ compliance rating?

Envela Corporation (ELA) received a grade of A+ (Excellent) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 1.8% (limit 30%); interest-bearing deposits of 3.8% (limit 30%); prohibited income of 0.29% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Envela Corporation's Shariah verdict?

Envela Corporation'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 Envela Corporation re-screened for Shariah compliance?

Envela Corporation (ELA) 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.