Is SHOO halal?
Steven Madden, Ltd.
Halal
Steven Madden, Ltd. passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 15 October 2026
Exchange
NASDAQ
Price
45.27
Day
-2.10%
Market cap
$3.39B
Industry
Footwear & Accessories
Sector
Consumer Cyclical
What the company does
Steve Madden is a footwear and accessories brand (Steve Madden, Dolce Vita, Betsey Johnson; Kurt Geiger added in 2025). Its money comes from wholesale and its own stores/site.
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 $124.83M ÷ 36-month average market cap $2.79B = 4.5%
4.5%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $94.74M ÷ 36-month average market cap $2.79B = 3.4%
3.4%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $5.54M ÷ annual revenue $2.28B (2024) = 0.2%
0.2%
Pass
Figures from the company's filings (2026-06-30), 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: $3.39B.
For information (AAOIFI 3/1 note): cash + receivables are 27.1% of total assets (2026-06-30). 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
- Among halal stocks
- 0.01% · #658 of 1454
- Held by funds
- Not held by any tracked fund
- Dividend
- 1.88% · purify 0.2% · net 1.87%
Halal stocks in the same industry
The largest halal stocks in Footwear & Accessories — for comparison.
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- Halal investingBlogWhy does a stock's halal status change?A stock that was halal yesterday can leave the list today. The four main reasons — and why none of them is a bug.
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.