What is Reformation Inc. (California)'s Shariah compliance score?

Reformation Inc. (California) (REF) has a Shariah compliance score of 0/100 (Grade: F, Non-Compliant). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does Reformation Inc. (California) pass AAOIFI screening?

Reformation Inc. (California) (REF) does not pass AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. REF's debt-to-market-cap is 30.9%.

How much purification is needed for Reformation Inc. (California)?

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 percentage and amount for Reformation Inc. (California) (REF) using the latest financial data.

Where can I screen Reformation Inc. (California) for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Reformation Inc. (California) (REF) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

REFNot HalalF

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Compliance Status

Not Halal

Screened on Oct 6, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

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

Quote this verdict

HalalScreener rates Reformation Inc. (California) (REF) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 6, 2026. Source: https://halalscreener.app/en/stock/REF

AvoidBorderlineClean

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%.

30.9% of 30.0% limit

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.

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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding REF

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

REF: Is Reformation Inc. (California) Halal?

Reformation Inc. (California)

NYSEConsumer CyclicalUS

$13.66

Market Cap: 807.0M

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About Reformation Inc. (California)

Reformation, Inc. operates as a clothing brand company. It is engaged in sustainable womenswear. Its products include dresses, jeans, tops, sweaters, shoes, and accessories. The company was founded in 2009 and is headquartered in New York, NY.

Sector: Consumer Cyclical · Industry: Apparel - Footwear & Accessories

Why this does not pass

Interest-bearing debt is 30.9% of market cap, over the 30% AAOIFI 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 Oct 6, 2026

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Institutional-grade Shariah analysis

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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.

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Screened according to AAOIFI Standard 21

Compliance History

Not Halalnow
since Sep 2026
Doubtful
until the change above
Not Halal
until the change above
Under Review
until the change above

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

Fiscal: Q2 2026Data source: FMP

Halal Alternatives in Consumer Cyclical

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

0380.KLA+

Aquawalk Group Berhad

$0.13

+0.00%

0393.KLA+

Teamstar Berhad

$0.23

-0.02%

3573.KLA+

Lien Hoe Corporation Berhad

$0.10

+0.00%

3891.KLA+

Malayan United Industries Berhad

$0.05

+0.13%

5336.KLA+

CUCKOO International (MAL) Berhad

$0.37

+0.00%

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Frequently Asked Questions

Is Reformation Inc. (California) (REF) halal to invest in?

Reformation Inc. (California) (REF) 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 Reformation Inc. (California) get a F compliance rating?

Reformation Inc. (California) (REF) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 30.9% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Reformation Inc. (California)'s Shariah verdict?

Reformation Inc. (California)'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 Reformation Inc. (California) re-screened for Shariah compliance?

Reformation Inc. (California) (REF) 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: Oct 6, 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.