SPWHNot HalalF
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Compliance Status

Not Halal

Screened on Oct 5, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Sportsman's Warehouse Holdings, Inc. (SPWH) halal? Not Halal. Based on AAOIFI screening, Sportsman's Warehouse Holdings, Inc. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

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HalalScreener rates Sportsman's Warehouse Holdings, Inc. (SPWH) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 5, 2026. Source: https://halalscreener.app/en/stock/SPWH

Business activity

Involved in prohibited business activities.

Failed

Company debt

Over the limit

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

95.4% of 30.0% limit
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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.

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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding SPWH

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

Sportsman's Warehouse Holdings, Inc.

SPWH: Is Sportsman's Warehouse Holdings, Inc. Halal?

Sportsman's Warehouse Holdings, Inc.

NASDAQConsumer CyclicalUS

$1.10

Market Cap: 42.9M

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About Sportsman's Warehouse Holdings, Inc.

Sportsman's Warehouse Holdings, Inc., along with its various affiliates, operates as a leading national retailer specializing in outdoor and sporting goods throughout the United States. Their extensive inventory caters to camping enthusiasts with items such as backpacks, essential supplies, canoes, kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and various tools. A comprehensive apparel line is also offered, featuring camouflage, jackets, hats, outerwear, sportswear, technical gear, and workwear. Fishing aficionados will discover a wide range of products, including bait, electronics, rods, flotation devices, fly fishing essentials, lines, lures, reels, tackle, and small boats. The footwear department stocks hiking and work boots, socks, sport sandals, technical shoes, trail and casual footwear, and waders. Hunting and shooting enthusiasts can acquire ammunition, archery equipment, ATV accessories, blinds, tree stands, decoys, firearms, firearm safety and storage solutions, reloading supplies, and general shooting gear. Furthermore, their selection extends to optics, electronics, and various accessories, such as gift items, GPS devices, knives, lighting, optical instruments, and two-way radios. Beyond their product assortment, the retail locations provide specialized services, including archery technician support, fishing-reel line winding, bore sighting and scope mounting, cleaning, and the issuance of hunting and fishing licenses. The company also markets its own exclusive private label and special make-up offerings under brands like Rustic Ridge, Killik, Vital Impact, Yukon Gold, Lost Creek, and Sportsman's Warehouse. By May 26, 2022, the enterprise managed 126 store locations. Founded in 1986, Sportsman's Warehouse Holdings, Inc. maintains its corporate headquarters in West Jordan, Utah.

Sector: Consumer Cyclical · Industry: Specialty Retail

Why this does not pass

  • Business activity: the company earns from an activity AAOIFI treats as prohibited.
  • Interest-bearing debt is 95.4% of market cap, over the 30% AAOIFI 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 Oct 5, 2026

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Business Activity Screen

Failed

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

  • Prohibited activity detected: ammunition
  • Prohibited activity detected: firearms
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.

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Screened according to AAOIFI Standard 21

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: Q2 2026Data source: EDGAR
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Frequently Asked Questions

Is Sportsman's Warehouse Holdings, Inc. (SPWH) halal to invest in?
Sportsman's Warehouse Holdings, Inc. (SPWH) 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 Sportsman's Warehouse Holdings, Inc. get a F compliance rating?
Sportsman's Warehouse Holdings, Inc. (SPWH) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 95.4% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Sportsman's Warehouse Holdings, Inc.'s Shariah verdict?
Sportsman's Warehouse Holdings, 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 Sportsman's Warehouse Holdings, Inc. re-screened for Shariah compliance?
Sportsman's Warehouse Holdings, Inc. (SPWH) 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: Oct 5, 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.