XELBNot HalalF
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Compliance Status

Not Halal

Screened on Oct 8, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

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

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HalalScreener rates Xcel Brands, Inc. (XELB) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 8, 2026. Source: https://halalscreener.app/en/stock/XELB

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%.

319.5% of 30.0% limit
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The verdict above is final and free.

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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding XELB

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

Xcel Brands, Inc.

XELB: Is Xcel Brands, Inc. Halal?

Xcel Brands, Inc.

NASDAQConsumer CyclicalUS

$0.60

Market Cap: 3.5M

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About Xcel Brands, Inc.

Xcel Brands, Inc., a U.S.-based consumer goods and media enterprise, along with its various subsidiaries, specializes in the comprehensive design, production, marketing, wholesale, and direct retail of a diverse array of branded consumer products. This product range includes apparel, footwear, accessories, fine jewelry, home decor, and other lifestyle items. The company actively builds its portfolio by acquiring prominent consumer lifestyle brands, such as Isaac Mizrahi, LOGO by Lori Goldstein, Judith Ripka, Halston Brand, and C Wonder, while also overseeing the Longaberger brand. The firm employs a sophisticated omni-channel strategy for the distribution and promotion of its brands. This approach leverages interactive television, digital live-stream shopping, traditional brick-and-mortar retail, wholesale partnerships, and online e-commerce platforms. Xcel Brands also grants third-party licensing rights for its intellectual property and provides extensive marketing and public relations assistance for its brands, encompassing live streaming events and social media campaigns. Key brands are further promoted and sold through their specific online portals: www.isaacmizrahi.com for Isaac Mizrahi, www.halston.com for Halston, www.judithripka.com for Judith Ripka, www.cwonder.com for C Wonder, www.lorigoldstein.com for Logo Lori Goldstein, and www.longaberger.com for Longaberger. Established in 2011, Xcel Brands maintains its corporate headquarters in New York, New York.

Sector: Consumer Cyclical · Industry: Apparel - Manufacturers

Why this does not pass

  • Interest-bearing debt is 319.5% 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 8, 2026

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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 Xcel Brands, Inc. (XELB) halal to invest in?
Xcel Brands, Inc. (XELB) 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 Xcel Brands, Inc. get a F compliance rating?
Xcel Brands, Inc. (XELB) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 319.5% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Xcel Brands, Inc.'s Shariah verdict?
Xcel Brands, 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 Xcel Brands, Inc. re-screened for Shariah compliance?
Xcel Brands, Inc. (XELB) 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 8, 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.