Compliance Status
Doubtful
Screened on Oct 12, 2026 · AAOIFI Standard 21
Acceptable
Is Scholastic Corporation (SCHL) halal? Doubtful. Based on AAOIFI screening, Scholastic Corporation passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 67/100 (Grade: B).
Quote this verdict
HalalScreener rates Scholastic Corporation (SCHL) Doubtful, 67/100, grade B under AAOIFI Standard 21, screened Oct 12, 2026. Source: https://halalscreener.app/en/stock/SCHL
Business activity
What the company sells is permissible.
Company debt
Close to the limitHow much the company borrows, compared to its total value. AAOIFI allows up to 30%.
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
What this means for you
You may own SCHL, 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 SCHL's prohibited income, but the exact share you would need to purify is part of Pro.
SCHL: Is Scholastic Corporation Halal?
Scholastic Corporation
$37.67
Market Cap: 693.5M
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About Scholastic Corporation
Scholastic Corporation, a company founded in 1920 and headquartered in New York, New York, specializes in the global creation and distribution of literary and educational materials for young people. Its operations are structured into three key business divisions: Children's Book Publishing and Distribution, Education Solutions, and International. The Children's Book Publishing and Distribution unit is responsible for developing and supplying books, e-books, various media, and interactive products for children. These are made available through school-based book clubs and book fairs, as well as conventional retail channels. Notable proprietary series within its catalog include Harry Potter, The Hunger Games, Bad Guys, Baby-Sitters Club graphic novels, Magic School Bus, Captain Underpants, Dog Man, Wings of Fire, Cat Kid Comic Club, Goosebumps, and Clifford The Big Red Dog. The division also features popular licensed properties such as Peppa Pig and Pokémon. Moreover, this segment produces activity kits and novelty items for children, offering titles like Pastel Studio, Mini Clay World Candy Cart, LEGO Gear Bots, and the Never Touch series, under its Klutz and Make Believe Ideas imprints. Additionally, it publishes non-fiction works through its Children's Press and Franklin Watts lines. The Education Solutions segment provides classroom magazines, including Scholastic News, Scholastic Scope, Storyworks, Let's Find Out, and Junior Scholastic. It also develops and delivers supplementary educational resources, curriculum programs, and related support services, alongside print and digital reference and non-fiction materials, and specialized consulting. Internationally, the International segment develops its own trade and educational publishing programs. It facilitates the distribution of children's books, digital educational tools, and other materials via school-based book clubs, school-hosted book fairs, and broader trade outlets. This division further produces and circulates magazines and offers online subscription services. The company's diverse range of products and services reaches its audience directly through schools and libraries, as well as through retail stores and online platforms.
Sector: Communication Services · Industry: Publishing
Why This Stock Is Doubtful
- Interest-bearing debt is 24.8% of market cap, only 5.2 points below the 30% AAOIFI 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
See which ratio caused the failure.
See the exact debt ratio, interest income %, and prohibited revenue that caused the failure. Know before you sell or hold.
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PROInstitutional-grade Shariah analysis
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Business Activity Screen
PassedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
Source: the company's Form 10-K for the fiscal year ended 2026-05-31, which names no revenue from a prohibited activity. View its filings on SEC EDGAR
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
Doubtfulnow
since Oct 2026
Halal
until the change above
Tracked since May 2026. Updates automatically on each re-screen.
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Frequently Asked Questions
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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.