Flexsteel Industries, Inc.

FLXS: Is Flexsteel Industries, Inc. Halal?

Flexsteel Industries, Inc.

NASDAQConsumer CyclicalUS

$74.59

-0.88%

Market Cap: 399.5M

Compliance Status

Halal

Screened on Aug 12, 2026 · AAOIFI Standard 21

B+

Good

79Score

Is Flexsteel Industries, Inc. (FLXS) halal? Halal. Based on AAOIFI screening, Flexsteel Industries, Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 79/100 (Grade: B+).

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%.

14.9% of 30.0% limit

What this means for you

You can own FLXS

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

Purification amount is Pro

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

See what I owe (free for 7 days)

About Flexsteel Industries, Inc.

Flexsteel Industries, Inc., operating alongside its subsidiaries, manufactures, imports, and markets upholstered and wooden furniture both online and through traditional channels. Their offerings, serving both home and commercial clients across the United States, include a wide range of products such as sofas, loveseats, various chairs (including recliners, rocker-recliners, and swivel options), sofa beds, and convertible bedding units. Beyond seating, they also provide occasional tables, desks, dining sets, and bedroom furnishings. The company distributes its products through its e-commerce presence and a network of dealers. Flexsteel Industries, Inc. was established in 1893 and is based in Dubuque, Iowa.

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

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 12, 2026

Compliance History

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 2025Data source: FMP
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Frequently Asked Questions

Is Flexsteel Industries, Inc. (FLXS) halal to invest in?
Based on AAOIFI Standard 21 screening, Flexsteel Industries, Inc. (FLXS) is rated Halal with a compliance grade of B+ (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 Flexsteel Industries, Inc. get a B+ compliance rating?
Flexsteel Industries, Inc. (FLXS) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 14.9% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Flexsteel Industries, Inc.'s Shariah verdict?
Flexsteel Industries, 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 Flexsteel Industries, Inc. re-screened for Shariah compliance?
Flexsteel Industries, Inc. (FLXS) 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 12, 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.