ONEWNot HalalF
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OneWater Marine Inc.

ONEW: Is OneWater Marine Inc. Halal?

OneWater Marine Inc.

NASDAQConsumer CyclicalUS

$9.91

Market Cap: 164.7M

Compliance Status

Not Halal

Screened on Sep 26, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

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

Quote this verdict

HalalScreener rates OneWater Marine Inc. (ONEW) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Sep 26, 2026. Source: https://halalscreener.app/en/stock/ONEW

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%.

196.9% of 30.0% limit
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The verdict above is final and free.

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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding ONEW

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

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About OneWater Marine Inc.

OneWater Marine Inc. is a prominent retailer specializing in recreational boats and marine lifestyle products across the United States. Its extensive inventory includes both brand-new and pre-owned recreational boats and luxury yachts, complemented by a comprehensive range of marine parts and accessories. Beyond sales, the company offers essential boat repair and maintenance services. Customers can also access support for boat financing and insurance arrangements. Furthermore, OneWater Marine provides a suite of ancillary offerings such as indoor and outdoor storage solutions, marina services, and rentals of boats and personal watercraft. As of September 30, 2021, the company's operational footprint spanned 70 retail locations situated across 11 U.S. states, including key markets like Texas, Florida, Alabama, North Carolina, South Carolina, Georgia, Ohio, and New Jersey. Founded in 2014, OneWater Marine Inc. maintains its corporate headquarters in Buford, Georgia.

Sector: Consumer Cyclical · Industry: Specialty Retail

Why this does not pass

  • Interest-bearing debt is 196.9% of market cap, over the 30% AAOIFI limit.
  • Interest-bearing deposits are over the 30% 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 Sep 26, 2026

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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.

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
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Frequently Asked Questions

Is OneWater Marine Inc. (ONEW) halal to invest in?
OneWater Marine Inc. (ONEW) 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 OneWater Marine Inc. get a F compliance rating?
OneWater Marine Inc. (ONEW) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 196.9% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change OneWater Marine Inc.'s Shariah verdict?
OneWater Marine 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 OneWater Marine Inc. re-screened for Shariah compliance?
OneWater Marine Inc. (ONEW) 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 26, 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.