Compliance Status

Halal

Screened on Oct 7, 2026 · AAOIFI Standard 21

A

Very Good

83Score

Is Virco Mfg. Corporation (VIRC) halal? Halal. Based on AAOIFI screening, Virco Mfg. Corporation passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 83/100 (Grade: A).

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HalalScreener rates Virco Mfg. Corporation (VIRC) Halal, 83/100, grade A under AAOIFI Standard 21, screened Oct 7, 2026. Source: https://halalscreener.app/en/stock/VIRC

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%.

3.7% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

You can own VIRC

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

Purification amount is Pro

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Virco Mfg. Corporation

VIRC: Is Virco Mfg. Corporation Halal?

Virco Mfg. Corporation

NASDAQConsumer CyclicalUS

$6.48

Market Cap: 101.9M

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About Virco Mfg. Corporation

Virco Mfg. Corporation (VIRC) is a leading designer, manufacturer, and distributor of furniture products throughout the United States. Its extensive portfolio includes a wide array of seating solutions, such as traditional four-legged and cantilever chairs, tablet armchairs (often with compact footprints), steel-frame rockers, various stools, and a selection of stackable, folding, ergonomic, upholstered, and hard plastic chairs. Beyond seating, Virco supplies a diverse range of tables for folding, activity, office, computer use, and mobile applications. The company also addresses specific technological needs with specialized computer furniture, featuring items like keyboard and mouse trays, CPU holders, support columns, desks, workstations, and instructor media stations. Its offerings further extend to integrated learning solutions like chair desks and combination units, alongside tablet arm and caster-equipped furnishings, and various returns and credenzas. For administrative environments, Virco manufactures a full complement of office furniture, including desks, bookcases, storage units, wardrobe towers, file credenzas, and mobile pedestals. Specialized products include robust laboratory furniture, featuring steel and wood science tables, bases, and lab stools. Mobile furniture solutions are also available, including cafeteria tables, cabinets, and task chairs designed for educational institutions and corporate offices. Additionally, the firm produces material handling and storage equipment, notably stackable storage trucks. The corporation caters to a broad clientele, encompassing educational facilities, convention centers, sports arenas, hospitality establishments, government agencies, and religious institutions. Its reach is facilitated by dedicated sales and support teams, augmented by an extensive network of authorized dealers. Established in 1950, Virco maintains its corporate headquarters in Torrance, California.

Sector: Consumer Cyclical · Industry: Furnishings, Fixtures & Appliances

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 7, 2026

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Screened according to AAOIFI Standard 21

Compliance History

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 2027Data source: EDGAR
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Frequently Asked Questions

Is Virco Mfg. Corporation (VIRC) halal to invest in?
Based on AAOIFI Standard 21 screening, Virco Mfg. Corporation (VIRC) is rated Halal with a compliance grade of A (Very Good). 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 Virco Mfg. Corporation get a A compliance rating?
Virco Mfg. Corporation (VIRC) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 3.7% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Virco Mfg. Corporation's Shariah verdict?
Virco Mfg. Corporation'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 Virco Mfg. Corporation re-screened for Shariah compliance?
Virco Mfg. Corporation (VIRC) 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 7, 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.