What is RAVE Restaurant Group, Inc.'s Shariah compliance score?

RAVE Restaurant Group, Inc. (RAVE) has a Shariah compliance score of 52/100 (Grade: C+, Fair) 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 RAVE Restaurant Group, Inc. pass AAOIFI screening?

RAVE Restaurant Group, Inc. (RAVE) partially passes with caution 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% (RAVE: 1.3%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for RAVE Restaurant Group, Inc. stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for RAVE Restaurant Group, Inc. (RAVE) using the latest financial data.

Where can I screen RAVE Restaurant Group, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for RAVE Restaurant Group, Inc. (RAVE) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about RAVE's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

RAVE: Is RAVE Restaurant Group, Inc. Halal?

RAVE Restaurant Group, Inc.

NASDAQConsumer CyclicalUS

$3.12

+0.65%

Market Cap: 44.3M

Compliance Status

Doubtful

Screened on Aug 26, 2026 · AAOIFI Standard 21

C+

Fair

52Score

Is RAVE Restaurant Group, Inc. (RAVE) halal? Doubtful. Based on AAOIFI screening, RAVE Restaurant Group, Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 52/100 (Grade: C+).

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%.

1.3% of 30.0% limit

What this means for you

You may own RAVE, with caution

Its numbers sit close to AAOIFI limits. Cautious investors may prefer alternatives or ask a scholar first.

Purification amount is Pro

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

About RAVE Restaurant Group, Inc.

RAVE Restaurant Group, Inc., through its various subsidiaries, manages a diverse portfolio of pizza restaurant concepts. It primarily operates and licenses locations under the Pizza Inn brand, which encompasses buffet, delivery/carry-out (delco), and express formats, catering to customers both domestically and in international markets. The company's operations are divided into three core segments: Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants. Pizza Inn's buffet-style restaurants are typically situated in standalone buildings or retail strip malls. These establishments offer a full spectrum of dining options, including dine-in, carryout, catering, and delivery services. In contrast, its delco (delivery/carry-out) locations specifically focus on take-out and delivery, often found within shopping centers or other inline retail developments. The Express restaurants cater to customers in non-traditional venues, such as convenience stores, food courts, college campuses, airport terminals, travel plazas, and athletic facilities. Beyond Pizza Inn, RAVE also manages and franchises fast-casual dining establishments operating under the Pie Five Pizza Company or simply Pie Five brands. As of June 27, 2021, the company's network included 33 franchised Pie Five outlets, 156 franchised Pizza Inn locations, and 11 licensed Pizza Inn Express (PIE) kiosks. Initially established in 1958 as Pizza Inn Holdings, Inc., the entity adopted its current name, Rave Restaurant Group, Inc., in January 2015. Its corporate headquarters are located in The Colony, Texas.

Sector: Consumer Cyclical · Industry: Restaurants

Why This Stock Is Doubtful

Interest-bearing deposits are 27.1% of market cap, only 2.9 points below the 30% limit

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 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.

•Restaurants: 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

Doubtful, 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 RAVE Restaurant Group, Inc. (RAVE) halal to invest in?

RAVE Restaurant Group, Inc. (RAVE) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.

Why did RAVE Restaurant Group, Inc. get a C+ compliance rating?

RAVE Restaurant Group, Inc. (RAVE) received a grade of C+ (Fair) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 1.3% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change RAVE Restaurant Group, Inc.'s Shariah verdict?

RAVE Restaurant Group, 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 RAVE Restaurant Group, Inc. re-screened for Shariah compliance?

RAVE Restaurant Group, Inc. (RAVE) 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 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.