Shoe Station Group Inc.

SHOE: Is Shoe Station Group Inc. Halal?

Shoe Station Group Inc.

NASDAQConsumer CyclicalUS

$14.31

-8.39%

Market Cap: 388.5M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

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

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%.

95.6% of 30.0% limit

What this means for you

Most scholars advise not holding SHOE

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Shoe Station Group Inc.

Shoe Station Group, Inc. engages in the retail of footwear products. It offers casual and athletic footwear for men, women, and children. It operates under banners which include Shoe Carnival stores and Shoe Station banner. The company was founded in 1978 and is headquartered in Fort Mill, SC.

Sector: Consumer Cyclical · Industry: Apparel - Retail

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

Compliance History

Not Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q1 2026Data source: EDGAR
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Frequently Asked Questions

Is Shoe Station Group Inc. (SHOE) halal to invest in?
Shoe Station Group Inc. (SHOE) 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 Station Group Inc. get a F compliance rating?
Shoe Station Group Inc. (SHOE) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 95.6% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Shoe Station Group Inc.'s Shariah verdict?
Shoe Station Group 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 Station Group Inc. re-screened for Shariah compliance?
Shoe Station Group Inc. (SHOE) 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: Aug 26, 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.