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AAOIFI No. 21 screening

Is UA halal?

Under Armour, Inc.

Halal

Under Armour, Inc. passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.

Checked: 16 October 2026

Exchange

NYSE

Price

4.63

Day

-2.53%

Market cap

$2.01B

Industry

Apparel Manufacturing

Sector

Consumer Cyclical

What the company does

Under Armour is a sportswear, footwear and accessories brand. Money comes from sales through its own stores, website and wholesale partners like Dick's; North America is the main market. UA is the non-voting class C share (UAA is class A).

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 $591.16M ÷ 36-month average market cap $2.82B = 20.9%

    20.9%

    Pass

  • Cash & investments / market cap

    limit 30%

    Cash + interest-bearing securities $395.98M ÷ 36-month average market cap $2.82B = 14.0%

    14.0%

    Pass

  • Non-compliant income / total revenue

    limit 5%

    —

    No data

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: $2.01B.

For information (AAOIFI 3/1 note): cash + receivables are 25.4% 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
0.00% · #771 of 1454

Superinvestors

SEC 13F, 2026 Q3. Up to 45 days delayed.

Held by 1 superinvestors · Average reported price: $6.21

All superinvestor portfolios

Halal stocks in the same industry

The largest halal stocks in Apparel Manufacturing — for comparison.

Related articles

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.

Earnings historyUA's next report date, EPS estimate vs actual for recent quarters and the post-earnings price move.View earnings →