What is Tandy Leather Factory, Inc.'s Shariah compliance score?

Tandy Leather Factory, Inc. (TLF) has a Shariah compliance score of 0/100 (Grade: F, Non-Compliant). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does Tandy Leather Factory, Inc. pass AAOIFI screening?

Tandy Leather Factory, Inc. (TLF) does not pass AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. TLF's debt-to-market-cap is 139.7%.

How much purification is needed for Tandy Leather Factory, Inc.?

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 percentage and amount for Tandy Leather Factory, Inc. (TLF) using the latest financial data.

Where can I screen Tandy Leather Factory, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Tandy Leather Factory, Inc. (TLF) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

TLFNot HalalF

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Compliance Status

Not Halal

Screened on Oct 10, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Tandy Leather Factory, Inc. (TLF) halal? Not Halal. Based on AAOIFI screening, Tandy Leather Factory, 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 Tandy Leather Factory, Inc. (TLF) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 10, 2026. Source: https://halalscreener.app/en/stock/TLF

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%.

139.7% 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.

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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding TLF

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

TLF: Is Tandy Leather Factory, Inc. Halal?

Tandy Leather Factory, Inc.

NASDAQConsumer CyclicalUS

$2.49

Market Cap: 20.3M

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About Tandy Leather Factory, Inc.

Tandy Leather Factory, Inc., along with its subsidiaries, operates as a specialized retail provider of leather and various leathercrafting supplies. The company's operations extend across North America and into Spain. It furnishes customers with a broad range of products, including raw leather, specialized hand tools, essential hardware, crafting kits, liquid treatments, instructional materials, access to open workbenches, machinery, and a wide selection of related accessories and components. Beyond retail, Tandy Leather also manufactures its own line of products, such as leather laces, pre-cut leather pieces, DIY project kits, thread laces, belt blanks and straps, and Craftaids. Additionally, the company offers industrial services, including cutting, splitting, and assembly, catering specifically to business clients. Its merchandise is sold under several proprietary brand names, including Tandy Leather, Eco-Flo, Craftool, CraftoolPro, Dr. Jackson's, and TandyPro. Sales are conducted through a network of 106 company-owned retail stores – comprising 95 locations in the United States, ten in Canada, and one in Spain – as well as via online platforms such as tandyleather.com, tandyleather.ca, tandyleather.eu, and tandyleather.com.au. Founded in 1919, the company initially operated as The Leather Factory, Inc., changing its name to Tandy Leather Factory, Inc. in 2005. Its corporate base is situated in Fort Worth, Texas.

Sector: Consumer Cyclical · Industry: Specialty Retail

Why this does not pass

Interest-bearing debt is 139.7% 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 Oct 10, 2026

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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

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

$0.13

+0.00%

0393.KLA+

Teamstar Berhad

$0.23

-0.02%

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Lien Hoe Corporation Berhad

$0.10

+0.00%

3891.KLA+

Malayan United Industries Berhad

$0.05

+0.13%

5336.KLA+

CUCKOO International (MAL) Berhad

$0.37

+0.00%

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Frequently Asked Questions

Is Tandy Leather Factory, Inc. (TLF) halal to invest in?

Tandy Leather Factory, Inc. (TLF) 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 Tandy Leather Factory, Inc. get a F compliance rating?

Tandy Leather Factory, Inc. (TLF) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 139.7% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Tandy Leather Factory, Inc.'s Shariah verdict?

Tandy Leather Factory, 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 Tandy Leather Factory, Inc. re-screened for Shariah compliance?

Tandy Leather Factory, Inc. (TLF) 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 10, 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.