Is Deckers Outdoor Stock Halal?
Deckers Outdoor Corporation · DECK · NYSE
All 4 halal screening authorities with a published position rate Deckers Outdoor Corporation halal.
Deckers Outdoor Corporation (DECK) passes our AAOIFI-based screen. Its core business is permissible, and (data as of 2026-03-31) interest-bearing debt is 2.4% of market cap and cash plus interest-bearing securities 12.1% — both inside the 30% AAOIFI thresholds. It is independently held by Shariah-screened ETF SPUS, confirming it passes professional screens. Ratios move with the share price, so check the data-as-of date; any incidental interest income should be purified.
Financial data as of 2026-03-31 · Screening basis: AAOIFI · Last reviewed 2026-06-15
HalalWallet is not a Shariah authority and does not issue religious rulings. We compile the most complete public record of what Shariah scholars, screening authorities, and mainstream standards say — reproduced from primary sources with dates and citations — and let you decide.
Do the halal screening authorities agree?
- HalalWallet (AAOIFI)· Halal
- Musaffa· Halal
- Zoya· Halal
- SP Funds (SPUS ETF)· Halal
All 4 halal screening authorities with a published position rate Deckers Outdoor Corporation halal.
Stances are normalized from each authority's own dated public position. Disagreement usually reflects a methodology or standard difference (ratio timing, market-cap vs total-assets denominator), not an error. For the fund screens (Wahed/HLAL, SP Funds/SPUS), only a confirmed holding that passed the fund's screen counts as a pass — a non-holding is left blank because absence can reflect index scope.
Is Deckers Outdoor Stock Halal?
All 4 halal screening authorities with a published position rate Deckers Outdoor Corporation halal. Deckers Outdoor Corporation (DECK) passes our AAOIFI-based screen. Its core business is permissible, and (data as of 2026-03-31) interest-bearing debt is 2.4% of market cap and cash plus interest-bearing securities 12.1% — both inside the 30% AAOIFI thresholds. It is independently held by Shariah-screened ETF SPUS, confirming it passes professional screens. Ratios move with the share price, so check the data-as-of date; any incidental interest income should be purified.
- Interest-bearing debt / market cap: 2.4% (< 30%) — Pass
- Cash + interest-bearing securities / market cap: 12.1% (< 30%) — Pass
- Impermissible income / total revenue: 1.2% (< 5%) — Pass
- Mainstream Shariah standards disagree on this company — see the cross-standard table below.
- Financial ratios sourced from filings as of 2026-03-31.
How we read the evidence
HalalWallet's editorial synthesis of the screens, scholar positions, and sources documented on this page — not a religious ruling.
Deckers is a straightforward consumer-goods case for halal investors. The company sells shoes and apparel through well-known brands — chiefly UGG and HOKA — via wholesale and its own stores and websites. That is a permissible core business: there is no conventional banking, insurance, or gambling revenue line in the 10-K segment structure.
On the financial side, Deckers carries modest debt relative to its market value and earns a small amount of interest on corporate cash. Our filing-verified screen shows interest income around 1.2% of revenue, comfortably under the 5% AAOIFI limit. Standard practice is to purify that incidental slice of dividends rather than avoid the stock entirely.
Third-party screeners largely agree. Zoya publicly classifies DECK as Shariah-compliant, and Musaffa lists it HALAL as of early 2026. Institutional confirmation comes from SPUS: the SP Funds S&P 500 Sharia ETF held Deckers in its SEC-filed schedule of investments dated February 28, 2026 — meaning it passed the S&P Shariah industry-exclusion and ratio screens at that date. HLAL's published top holdings as of June 2026 did not include DECK in the top 25; mid-cap names can enter or exit screened indices as market caps shift, so check current ETF holdings before citing index membership.
Practical takeaway: the business screen is clean, ratios pass with room to spare, and professional screeners treat Deckers as compliant — with routine purification on the small interest-income component and attention to the dated ratio table on this page.
Business Activity Screen
Deckers Outdoor Corporation designs, markets, and distributes footwear, apparel, and accessories. Its 10-K reports three brand segments: UGG (premium footwear and apparel), HOKA (performance running and outdoor footwear plus select apparel), and Other brands (Teva, Koolaburra, AHNU, Sanuk). Revenue comes from wholesale partners and direct-to-consumer e-commerce and retail — a permissible consumer-goods model with no conventional lending, insurance, or gambling as core activities.
Core revenue is footwear and apparel sales. The main financial-screen item is incidental interest income on corporate cash — about 1.2% of revenue on our filing-verified screen (FY2026 10-K), under the 5% AAOIFI threshold. No alcohol, tobacco, or gaming lines are disclosed as material revenue streams in the segment discussion.
Financial Ratio Screen
| Screen | Value | AAOIFI limit | Result |
|---|---|---|---|
| Interest-bearing debt / market cap | 2.4% | < 30% | Pass |
| Cash + interest-bearing securities / market cap | 12.1% | < 30% | Pass |
| Impermissible income / total revenueInterest income $63.6M on $5.45B total revenue (Deckers Outdoor Corporation FY2026 (fiscal year ended 2026-03-31, Form 10-K)) = 1.2% — under AAOIFI's 5% limit. | 1.2% | < 5% | Pass |
Spot market cap at research date (consider trailing average for borderline names). Data as of 2026-03-31 · thresholds per AAOIFI Shariah standards.
This verdict uses the AAOIFI standard — the most widely used and, at a 30% debt limit, the most conservative mainstream Shariah standard. Interest-bearing debt and interest-bearing securities each stay under 30% of market cap, and impermissible income under 5% of revenue. Other standards (Dow Jones Islamic, S&P Shariah, MSCI Islamic, FTSE Yasaar) use ~33% limits or screen against total assets, so a borderline company can be rated differently by each. How we screen & why screeners disagree →
How Deckers Outdoor screens across Shariah standards
The standards disagree on this company. It passes some Shariah screens and fails others — which is exactly why you may see a different answer in different apps. Our headline verdict uses AAOIFI, the strictest and most widely cited mainstream standard.
| Standard | Debt | Cash & interest securities | Limit / basis | Result |
|---|---|---|---|---|
| AAOIFI (our standard) | 2.4% | 12.1% | < 30% of market cap | Pass |
| Dow Jones Islamic / S&P Shariah thresholdDow Jones and S&P apply this limit against a trailing 24–36-month average market cap; shown here on the same point-in-time market cap for comparison. | 2.4% | 12.1% | < 33% of market cap | Pass |
| MSCI Islamic / FTSE Yasaar basisTotal-assets denominator. MSCI/FTSE also apply entry/exit buffers and a receivables screen we do not reproduce. | 10.2% | 51.7% | < 33.33% of total assets | Fail |
HalalWallet computation reproducing each standard's threshold and denominator from public filings (balance sheet as of 2026-03-31) — not the providers' licensed index determinations, which can differ. Debt is interest-bearing borrowings (operating leases excluded). The impermissible-income screen (< 5% of revenue) is common to all of these standards and is shown in the ratio table above. Dow Jones and S&P apply their limit against a trailing 24–36-month average market cap; MSCI and FTSE add entry/exit buffers and a receivables screen. Full methodology →
Other stocks where Shariah screeners disagree
These companies pass under some mainstream standards and fail under others — the same pattern as this verdict. That is why two apps can show different answers.
AbbVieABBV
Passes market-cap screens · fails MSCI/FTSE (total assets)
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AirbnbABNB
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AmgenAMGN
Passes market-cap screens · fails MSCI/FTSE (total assets)
APAAPA
Fails AAOIFI market-cap · passes MSCI/FTSE (total assets)
AppLovinAPP
Passes market-cap screens · fails MSCI/FTSE (total assets)
Scholars' & Screeners' Positions
Published positions, cited as stated. Screeners can reach different conclusions on the same company because of ratio timing and methodology differences — we report the disagreement rather than flatten it.
SP Funds S&P 500 Sharia ETF (SPUS)
Held in SPUS as of 2026-06-15 — passed the S&P Shariah screen applied by the fund.
Source →Zoya
Rates DECK Shariah-compliant under its AAOIFI-based screen (checked 2026-06-15); reports interest income ~1.17% of revenue for FY ending 2026-03-31.
Source →Musaffa
Classified HALAL as of February 2026 (2026 Q3 report source on public page).
Source →
Purification
Even Shariah-compliant companies typically earn a small amount of incidental interest on corporate cash. The standard practice is to purify: donate the proportion of your dividends (and, per some scholars, capital gains) attributable to impermissible income. Our purification calculator automates the math from your holding and the company's disclosed figures.
Purification calculatorRelated guides
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The Final Step: Your Scholar Conversation
Major whether Deckers Outdoor Corporation is halal decisions involve nuances that vary by scholarly opinion and personal circumstance — which is why HalalWallet is built as the research step, not the ruling. We do the homework on comparisons, structures, and oversight; a qualified Islamic scholar, your local imam, or a Shariah-certified financial advisor covers what no comparison site can — guidance specific to your situation. Bring your shortlist to that conversation so it starts at the decision, not the basics.
How to use this comparison: HalalWallet is an independent educational comparison platform — by design, we do not provide financial, legal, or religious advice. We do the research homework so your final checks are quick and personal.
Product structures and Shariah oversight vary by provider, so finish with three built-in steps:
- Confirm current terms and halal compliance directly with the provider — their quote is final.
- Review the contract structure (Murabaha, Ijara, Musharakah, etc.) and any disclosed Shariah board opinions.
- Bring your shortlist to a qualified Islamic finance advisor or scholar, so the conversation is about your situation, not the basics.
Frequently Asked Questions
Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-07-01
- DECK latest quarterly filing (balance sheet 2026-03-31)
- AAOIFI Shariah Standards
- Deckers Outdoor Corporation 10-K filings (SEC EDGAR)
- SPUS Schedule of Investments (2026-02-28) — Deckers held
- Zoya — DECK Shariah compliance status
- Musaffa — DECK Shariah status (HALAL, Feb 2026)
- HLAL holdings reference (top holdings, 2026-06-05)
- HalalWallet Methodology
- Editorial Policy
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- Halal verdict corpus (JSON)
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