What is Shoe Carnival, Inc.'s Shariah compliance score?

Shoe Carnival, Inc.'s (SCVL) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Shoe Carnival, Inc. pass AAOIFI screening?

Shoe Carnival, Inc. (SCVL) does not pass 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% (SCVL: 88.9%), (3) interest-bearing deposits below 30% (SCVL: 31.3%), and (4) prohibited income below 5% (SCVL: 0.4%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Shoe Carnival, Inc. stock?

Shoe Carnival, Inc. (SCVL) has a non-permissible income ratio of 0.35%. Muslim investors should purify this percentage of any dividends received and capital gains realized from SCVL shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Shoe Carnival, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Shoe Carnival, Inc. (SCVL) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about SCVL's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

SCVL: Is Shoe Carnival, Inc. Halal?

Shoe Carnival, Inc.

NASDAQConsumer CyclicalUS

$15.95

+2.11%

Market Cap: 433.1M

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

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

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%.

88.9% of 30.0% limit

What this means for you

Most scholars advise not holding SCVL

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Shoe Carnival, Inc.

Shoe Carnival, Inc., together with its subsidiaries, operates as a family footwear retailer in the United States. It offers various products, including dress and casual shoes, sandals, boots, and athletic shoes; and non-athletics for men's, women's and children's shoes, as well as accessories. The company also operates stores. It sells its products through www.shoecarnival.com and www.shoestation.com, as well as through related mobile app. Shoe Carnival, Inc. was founded in 1978 and is headquartered in Fort Mill, South Carolina.

Sector: Consumer Cyclical · Industry: Apparel - Retail

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 2026

Compliance History

Not Halalnow
since Jun 2026
Doubtful
until the change above

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

Fiscal: FY 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:

MARA+

Marriott International, Inc.

$366.24

-0.85%

FWDIA+

Forward Industries, Inc.

$3.96

+11.86%

ROLA+

Rollins, Inc.

$44.77

-0.40%

TSCOA+

Tractor Supply Company

$30.24

+1.65%

GNTXA+

Gentex Corporation

$24.35

-2.25%

More Consumer Cyclical Stocks

AMZN

Amazon.com, Inc.

A+

TSLA

Tesla, Inc.

The Home Depot, Inc.

MCD

McDonald's Corporation

B+

BKNG

Booking Holdings Inc.

LOW

Lowe's Companies, Inc.

Free · No credit card required

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Frequently Asked Questions

Is Shoe Carnival, Inc. (SCVL) halal to invest in?

Shoe Carnival, Inc. (SCVL) 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 Shoe Carnival, Inc. get a F compliance rating?

Shoe Carnival, Inc. (SCVL) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 88.9% (limit 30%); interest-bearing deposits of 31.3% (limit 30%); prohibited income of 0.35% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Shoe Carnival, Inc.'s Shariah verdict?

Shoe Carnival, 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 Shoe Carnival, Inc. re-screened for Shariah compliance?

Shoe Carnival, Inc. (SCVL) 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: Jul 18, 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.