Is BNED halal?
Barnes & Noble Education, Inc
Not halal
Barnes & Noble Education, Inc did not pass AAOIFI screening. The failed check is shown below.
Checked: 15 October 2026
Exchange
NYSE
Price
12.95
Day
-1.52%
Market cap
$446.8M
Industry
Specialty Retail
Sector
Consumer Cyclical
What the company does
Barnes & Noble Education operates campus bookstores at US colleges and schools (1,100+ stores): textbooks (sale/rental), apparel and supplies. Its money comes from textbook and merchandise sales.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $123.50M ÷ 36-month average market cap $251.55M = 49.1%
49.1%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $7.81M ÷ 36-month average market cap $251.55M = 3.1%
3.1%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $86K ÷ annual revenue $1.71B (2026) = 0.0%
0.0%
Pass
Figures from the company's filings (2026-07-31), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict. Today's market cap: $446.83M.
For information (AAOIFI 3/1 note): cash + receivables are 21.8% of total assets (2026-07-31). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
Manually reviewed — clean
The industry was flagged as sensitive, so the company's filings were checked by hand on 17 August 2026. Conclusion:
Barnes & Noble Education — universitet/maktab kitob do'konlari operatori (1 116 do'kon) va darslik ulgurjisi. Daromad: mahsulot 91.2%, ijara (darslik) 8.8%. Alkogol NOL (kampus chakanasi uchun e'tiborga loyiq). Kredit BERMAYDI — faqat qarz oluvchi; talaba moliyaviy yordami va universitet kartasini TO'LOV USULI sifatida qabul qiladi, bu kredit berish emas. ⚠️ Ikki yolg'on ijobiy: yagona 'cannabis' uchrashi — rahbarning oldingi ish joyi biografiyasi (TerrAscend); yagona 'pornography' uchrashi — CAN-SPAM qonunining TO'LIQ RASMIY NOMI. ⚠️ Tuzilma o'zgargan: endi BITTA segment, eski uch segmentli (Retail/Wholesale/DSS) ma'lumot eskirgan
Halal stocks in the same industry
The largest halal stocks in Specialty Retail — for comparison.
Related articles
- Halal investingBlogHaram revenue you can't see from the industry label: pork, weapons, casinosPork hides under "Packaged Foods", weapons under "Aerospace & Defense". What automated screening misses and how we catch it by hand.
- Halal investingBlogWhy a company's cash affects whether its stock is halalLots of cash sounds like a good sign — but halal screening checks it separately. What counts, what doesn't, and where we are stricter than AAOIFI.
- Halal investingBlogAAOIFI Shariah Standard No. 21 in plain languageThe most widely used standard for halal stock screening: the two-step test, the three ratios and how it differs from other methods.
Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.