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

Venu Holding Corporation

VENU: Is Venu Holding Corporation Halal?

Not Halal

Venu Holding Corporation

AMEXConsumer CyclicalUS

$3.68

+1.94%

About Venu Holding Corporation

Venu Holding Corporation, an entertainment and hospitality company, designs, develops, owns, and operates up-scale music venues, outdoor amphitheaters, and full-service restaurants and bars in the United States. It owns and operates indoor music venues under the Bourbon Brothers Presents name; outdoor music amphitheaters under The Sunset Amphitheater name; restaurants under the Bourbon Brothers Smokehouse & Tavern, Notes Eatery, Roth's Seafood & Chophouse, and Notes Hospitality Collection names; and bars under the Brohan's name. The company also hosts events; and rents event space. Venu Holding Corporation was formerly known as Notes Live, Inc. and changed its name to Venu Holding Corporation in September 2024. The company was incorporated in 2017 and is based in Colorado Springs, Colorado.

Sector: Consumer Cyclical · Industry: Restaurants

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 2026
F

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.)

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.

  • •Restaurants: 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

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap51.6% / 30.0%

Compliance History

Not 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 18, 2026Fiscal: Q1 2026Source: EDGAR

Financial Overview

Market Cap

157.3M

Price

$3.68

Sector

Consumer Cyclical

Industry

Restaurants

Halal Alternatives in Consumer Cyclical

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

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Frequently Asked Questions

Is Venu Holding Corporation (VENU) halal to invest in?
Venu Holding Corporation (VENU) 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 Venu Holding Corporation get a F compliance rating?
Venu Holding Corporation (VENU) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 51.6% (limit 30%); interest-bearing deposits of 36.2% (limit 30%); prohibited income of 3.18% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Venu Holding Corporation's Shariah verdict?
Venu Holding 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 Venu Holding Corporation re-screened for Shariah compliance?
Venu Holding Corporation (VENU) 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.