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: 87.6%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 8,200+ stocks at halalscreener.app.

How much purification is needed for Shoe Carnival, 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 Shoe Carnival, Inc. (SCVL) 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 7,100+ 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 SCVL's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

SCVLNot HalalF

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SCVL: Is Shoe Carnival, Inc. Halal?

Shoe Carnival, Inc.

NASDAQConsumer CyclicalUS

$15.61

Price as of Aug 27, 2026

Market Cap: 423.8M

Compliance Status

Not Halal

Screened on Sep 8, 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).

Quote this verdict

HalalScreener rates Shoe Carnival, Inc. (SCVL) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Sep 8, 2026. Source: https://halalscreener.app/en/stock/SCVL

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%.

87.6% 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.

Screened according to AAOIFI Standard 21

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

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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

Why this does not pass

Interest-bearing debt is 87.6% 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 8, 2026

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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AI Compliance Insight

PRO

Institutional-grade Shariah analysis

See why SCVL is rated Not Halal with institutional-grade analysis

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 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:

0380.KLA+

Aquawalk Group Berhad

$0.15

+0.00%

0393.KLA+

Teamstar Berhad

$0.26

+0.02%

3573.KLA+

Lien Hoe Corporation Berhad

$0.11

+0.00%

3891.KLA+

Malayan United Industries Berhad

$0.05

+0.00%

5336.KLA+

CUCKOO International (MAL) Berhad

$0.41

+0.01%

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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 87.6% (limit 30%). 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: Sep 8, 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.