Is Shoe Carnival, Inc. (SCVL) halal? Doubtful. Based on AAOIFI screening, Shoe Carnival, Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 73/100 (Grade: B+).
SCVL β Is Shoe Carnival, Inc. Halal?
DoubtfulShoe Carnival, Inc.
$17.39
-0.34%
About Shoe Carnival, Inc.
Shoe Carnival, Inc., together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers range of dress, casual, work, and athletic shoes, as well as sandals and boots for men, women, and children; and various accessories. As of January 29, 2022, it operated 372 stores in 35 states and Puerto Rico under the Shoe Carnival banner; and 21 locations across the Southeast under the Shoe Station banner. The company also sells its products through online shopping at shoecarnival.com, as well as through mobile application. Shoe Carnival, Inc. was founded in 1978 and is headquartered in Evansville, Indiana.
Sector: Consumer Cyclical Β· Industry: Apparel - Retail
Why This Stock Is Doubtful
- Interest-bearing deposits are 25.8% of market cap β only 4.2 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
Based on AAOIFI screening standards
Good
Good compliance with minor concerns
Business Activity Screen
PassedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
Financial Ratio Screen
PassedFinancial ratios must be below AAOIFI thresholds
Compliance History
Doubtful β unchanged since May 2026.
No status changes recorded since we began tracking.
Tracked since May 2026. Updates automatically on each re-screen.
Purify Your SCVL Dividends
0.2% non-compliant incomeSCVL has 0.2% prohibited income. Calculate exactly how much of your dividends to donate.
Financial Overview
Market Cap
477.7M
Price
$17.39
Sector
Consumer Cyclical
Industry
Apparel - Retail
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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.