What is Shake Shack Inc.'s Shariah compliance score?

Shake Shack Inc. (SHAK) has a Shariah compliance score of 66/100 (Grade: B, Acceptable) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Shake Shack Inc. pass AAOIFI screening?

Shake Shack Inc. (SHAK) passes 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% (SHAK: 10.6%), (3) interest-bearing deposits below 30% (SHAK: 18.3%), and (4) prohibited income below 5% (SHAK: 0.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Shake Shack Inc. stock?

Shake Shack Inc. (SHAK) has a non-permissible income ratio of 0.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from SHAK 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 Shake Shack Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Shake Shack Inc. (SHAK) 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 SHAK's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

SHAK: Is Shake Shack Inc. Halal?

Shake Shack Inc.

NYSEConsumer CyclicalUS

$58.00

-2.08%

Market Cap: 2.3B

Compliance Status

Halal

Screened on Jul 20, 2026 · AAOIFI Standard 21

Acceptable

66Score

Is Shake Shack Inc. (SHAK) halal? Halal. Based on AAOIFI screening, Shake Shack Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 66/100 (Grade: B).

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

10.6% of 30.0% limit

What this means for you

You can own SHAK

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

Purify 2% of your income from SHAK

That is about $2.00 of every $100 you earn from it. Donate this share to charity.

Calculate my exact amount

About Shake Shack Inc.

Shake Shack Inc. manages a global network of Shake Shack restaurants, known as Shacks, through a combination of direct ownership, operation, and licensing agreements in the United States and abroad. These eateries are renowned for their menu, which features classic American fare such as hamburgers, hot dogs, chicken sandwiches, signature crinkle-cut fries, milkshakes, frozen custard, and various beverages including beer and wine. By December 29, 2021, the company's footprint extended to 369 Shacks worldwide. This total comprised 218 company-operated units within the U.S., 25 domestically licensed establishments, and 126 internationally licensed locations. Founded in 2001, Shake Shack Inc. is headquartered in New York City.

Sector: Consumer Cyclical · Industry: Restaurants

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 20, 2026

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Peripheral exposure (still halal, purify this share)

2.0%

Primary business is permissible. AAOIFI allows up to 5% revenue from incidental non-compliant sources, provided the share is purified.

•Restaurants: estimated 2.0% peripheral exposure (AAOIFI industry average)
•Contains reference to: beer
•Contains reference to: wine

Use the Purification Calculator to compute exactly how much of your dividend income to donate.

Compliance History

Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q1 2026Data source: EDGAR

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Frequently Asked Questions

Is Shake Shack Inc. (SHAK) halal to invest in?

Based on AAOIFI Standard 21 screening, Shake Shack Inc. (SHAK) is rated Halal with a compliance grade of B (Acceptable). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).

Why did Shake Shack Inc. get a B compliance rating?

Shake Shack Inc. (SHAK) received a grade of B (Acceptable) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 10.6% (limit 30%); interest-bearing deposits of 18.3% (limit 30%); prohibited income of 0.00% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Shake Shack Inc.'s Shariah verdict?

Shake Shack 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 Shake Shack Inc. re-screened for Shariah compliance?

Shake Shack Inc. (SHAK) 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 20, 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.