What is Shoe Carnival, Inc.'s Shariah compliance score?

Shoe Carnival, Inc.'s (SCVL) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Shoe Carnival, Inc. pass AAOIFI screening?

Shoe Carnival, Inc. (SCVL) does not pass 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% (SCVL: 85.5%), (3) interest-bearing deposits below 30% (SCVL: 21.4%), and (4) prohibited income below 5% (SCVL: 0.4%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Shoe Carnival, Inc. stock?

Shoe Carnival, Inc. (SCVL) has a non-permissible income ratio of 0.40%. Muslim investors should purify this percentage of any dividends received and capital gains realized from SCVL 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 Shoe Carnival, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Shoe Carnival, Inc. (SCVL) 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 SCVL's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

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

SCVL: Is Shoe Carnival, Inc. Halal?

Not Halal

Shoe Carnival, Inc.

NASDAQConsumer CyclicalUS

$17.39

-0.34%

AvoidBorderlineClean

About Shoe Carnival, Inc.

Shoe Carnival, Inc., together with its subsidiaries, operates as a family footwear retailer in the United States. The company offers range of dress, casual, work, and athletic shoes, as well as sandals and boots for men, women, and children; and various accessories. As of January 29, 2022, it operated 372 stores in 35 states and Puerto Rico under the Shoe Carnival banner; and 21 locations across the Southeast under the Shoe Station banner. The company also sells its products through online shopping at shoecarnival.com, as well as through mobile application. Shoe Carnival, Inc. was founded in 1978 and is headquartered in Evansville, Indiana.

Sector: Consumer Cyclical · Industry: Apparel - Retail

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 2026

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Passed

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

Financial Ratio Screen

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap85.5% / 30.0%

Compliance History

Not Halalnow
since Jun 2026
Doubtful
until the change above

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

Screened: Jun 18, 2026Fiscal: Q1 2026Source: EDGAR

Financial Overview

Market Cap

477.7M

Price

$17.39

Sector

Consumer Cyclical

Industry

Apparel - Retail

Halal Alternatives in Consumer Cyclical

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

MARA+

Marriott International, Inc.

$394.61

-0.28%

ROLA+

Rollins, Inc.

$46.79

-0.23%

TSCOA+

Tractor Supply Company

$29.78

+1.40%

GNTXA+

Gentex Corporation

$24.63

+2.28%

MODA+

Modine Manufacturing Company

$275.23

-0.46%

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BKNG

Booking Holdings Inc.

LOW

Lowe's Companies, Inc.

Free · No credit card required

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Frequently Asked Questions

Is Shoe Carnival, Inc. (SCVL) halal to invest in?

Shoe Carnival, Inc. (SCVL) 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 Shoe Carnival, Inc. get a F compliance rating?

Shoe Carnival, Inc. (SCVL) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 85.5% (limit 30%); interest-bearing deposits of 21.4% (limit 30%); prohibited income of 0.40% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Shoe Carnival, Inc.'s Shariah verdict?

Shoe Carnival, 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 Shoe Carnival, Inc. re-screened for Shariah compliance?

Shoe Carnival, Inc. (SCVL) 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 18, 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.