What is Scholastic Corporation's Shariah compliance score?

Scholastic Corporation (SCHL) has a Shariah compliance score of 82/100 (Grade: A, Very Good) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Scholastic Corporation pass AAOIFI screening?

Scholastic Corporation (SCHL) passes AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (SCHL: 0.0%), (3) interest-bearing deposits below 30% (SCHL: 8.9%), and (4) prohibited income below 5% (SCHL: 0.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Scholastic Corporation stock?

Scholastic Corporation (SCHL) has a non-permissible income ratio of 0.05%. Muslim investors should purify this percentage of any dividends received and capital gains realized from SCHL shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Scholastic Corporation for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Scholastic Corporation (SCHL) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about SCHL's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Scholastic Corporation (SCHL) halal? Halal. Based on AAOIFI screening, Scholastic Corporation passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 82/100 (Grade: A).

SCHL: Is Scholastic Corporation Halal?

Halal

Scholastic Corporation

NASDAQCommunication ServicesUS

$42.38

+0.31%

AvoidBorderlineClean

Purify ~2% of income

About Scholastic Corporation

Scholastic Corporation, a company founded in 1920 and headquartered in New York, New York, specializes in the global creation and distribution of literary and educational materials for young people. Its operations are structured into three key business divisions: Children's Book Publishing and Distribution, Education Solutions, and International. The Children's Book Publishing and Distribution unit is responsible for developing and supplying books, e-books, various media, and interactive products for children. These are made available through school-based book clubs and book fairs, as well as conventional retail channels. Notable proprietary series within its catalog include Harry Potter, The Hunger Games, Bad Guys, Baby-Sitters Club graphic novels, Magic School Bus, Captain Underpants, Dog Man, Wings of Fire, Cat Kid Comic Club, Goosebumps, and Clifford The Big Red Dog. The division also features popular licensed properties such as Peppa Pig and Pokémon. Moreover, this segment produces activity kits and novelty items for children, offering titles like Pastel Studio, Mini Clay World Candy Cart, LEGO Gear Bots, and the Never Touch series, under its Klutz and Make Believe Ideas imprints. Additionally, it publishes non-fiction works through its Children's Press and Franklin Watts lines. The Education Solutions segment provides classroom magazines, including Scholastic News, Scholastic Scope, Storyworks, Let's Find Out, and Junior Scholastic. It also develops and delivers supplementary educational resources, curriculum programs, and related support services, alongside print and digital reference and non-fiction materials, and specialized consulting. Internationally, the International segment develops its own trade and educational publishing programs. It facilitates the distribution of children's books, digital educational tools, and other materials via school-based book clubs, school-hosted book fairs, and broader trade outlets. This division further produces and circulates magazines and offers online subscription services. The company's diverse range of products and services reaches its audience directly through schools and libraries, as well as through retail stores and online platforms.

Sector: Communication Services · Industry: Publishing

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 17, 2026

Very Good

Strong compliance across all metrics

82Score

Business Activity Screen

Passed

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

Peripheral exposure (still halal, purify this share)

2.0%

Primary business is permissible. AAOIFI allows up to 5% revenue from incidental non-compliant sources, provided the share is purified.

•Publishing: estimated 2.0% peripheral exposure (AAOIFI industry average)

Use the Purification Calculator to compute exactly how much of your dividend income to donate.

Financial Ratio Screen

Passed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap0.0% / 30.0%

Compliance History

Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Screened: Jun 17, 2026Fiscal: Q3 2026Source: FMP

Purify Your SCHL Dividends

0.0% non-compliant income

SCHL has 0.0% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

1.1B

Price

$42.38

Sector

Communication Services

Industry

Publishing

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Frequently Asked Questions

Is Scholastic Corporation (SCHL) halal to invest in?

Based on AAOIFI Standard 21 screening, Scholastic Corporation (SCHL) 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 Scholastic Corporation get a A compliance rating?

Scholastic Corporation (SCHL) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.0% (limit 30%); interest-bearing deposits of 8.9% (limit 30%); prohibited income of 0.05% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Scholastic Corporation's Shariah verdict?

Scholastic 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 Scholastic Corporation re-screened for Shariah compliance?

Scholastic Corporation (SCHL) 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: Jun 17, 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.