National Beverage Corp.

FIZZ: Is National Beverage Corp. Halal?

National Beverage Corp.

NASDAQConsumer DefensiveUS

$30.70

+0.56%

Market Cap: 2.9B

Compliance Status

Halal

Screened on Sep 3, 2026 · AAOIFI Standard 21

A

Very Good

84Score

Is National Beverage Corp. (FIZZ) halal? Halal. Based on AAOIFI screening, National Beverage Corp. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 84/100 (Grade: A).

Quote this verdict

HalalScreener rates National Beverage Corp. (FIZZ) Halal, 84/100, grade A under AAOIFI Standard 21, screened Sep 3, 2026. Source: https://halalscreener.app/en/stock/FIZZ

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%.

2.0% of 30.0% limit

What this means for you

You can own FIZZ

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

Purification amount is Pro

We have screened FIZZ's prohibited income, but the exact share you would need to purify is part of Pro.

About National Beverage Corp.

National Beverage Corp., operating through its various subsidiaries, specializes in the creation, production, promotion, and distribution of a diverse portfolio of beverages. Its primary markets are the United States and Canada, where it offers sparkling waters, fruit juices, energy drinks, and carbonated soft drinks. The company particularly targets consumers who prioritize an active and health-conscious lifestyle, providing them with options like LaCroix, LaCroix Cúrate, LaCroix NiCola, Clear Fruit, Rip It, Everfresh, Everfresh Premier Varietals, and Mr. Pure. Additionally, its selection includes carbonated soft drinks sold under the well-known Shasta and Faygo brand names. The firm distributes its products to major retailers and a multitude of smaller, local businesses, utilizing take-home, convenience, and food-service channels. National Beverage Corp. was established in 1985 and is based in Fort Lauderdale, Florida.

Sector: Consumer Defensive · Industry: Beverages - Non-Alcoholic

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 3, 2026

Compliance History

  1. Halalnow

    since Jun 2026

  2. Not Halal

    until the change above

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

Fiscal: FY 2026Data source: EDGAR

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Frequently Asked Questions

Is National Beverage Corp. (FIZZ) halal to invest in?
Based on AAOIFI Standard 21 screening, National Beverage Corp. (FIZZ) is rated Halal with a compliance grade of A (Very Good). 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 National Beverage Corp. get a A compliance rating?
National Beverage Corp. (FIZZ) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 2.0% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change National Beverage Corp.'s Shariah verdict?
National Beverage Corp.'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 National Beverage Corp. re-screened for Shariah compliance?
National Beverage Corp. (FIZZ) 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: Sep 3, 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.