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Advance Auto Parts

AAP stock is not Shariah-compliant

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About Advance Auto Parts (AAP)

Advance Auto Parts provides automotive replacement parts, accessories, batteries, and maintenance items for various vehicles. The company offers a wide range of products, including battery accessories, belts, brakes, chassis parts, clutches, engines, exhaust systems, ignition components, radiators, starters, and more. It also provides services such as battery and wiper installation, engine light scanning, and oil and battery recycling. The company operates stores under various brands, including Advance Auto Parts, Autopart International, and Carquest, with locations across the United States, Puerto Rico, Canada, and other regions.

Frequently asked questions

Is Advance Auto Parts (AAP) stock halal to invest in?
As of , AAP is not Shariah-compliant and is therefore not considered a halal investment. This assessment is based on the data available in Advance Auto Parts's most recent financial reports.
Does Advance Auto Parts have any interest income?
No, Advance Auto Parts has not reported any interest income. According to the company's latest annual report for the fiscal year ending Jan 03, 2026, Advance Auto Parts reported total revenue of 8601000000, with no separate interest income disclosed. However, it's worth noting that some companies may report interest income as part of their revenue. For a detailed breakdown of all interest income and revenue segments, please refer to the full Shariah compliance report available in the Zoya app.
What guidelines are used to determine if Advance Auto Parts stock is Shariah-compliant?
We use the guidelines set by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) to assess Shariah compliance. AAOIFI is a leading international organization that establishes standards for Islamic finance. Their guidelines help determine if a company's business activities and financial structure align with Islamic principles. These standards are widely respected in the Islamic finance industry and provide a consistent framework for evaluating the Shariah compliance of stocks and other financial instruments. AAOIFI's Shariah board includes renowned scholars such as Sheikh Muhammad Taqi Usmani, Sheikh Mohamed Ali Elgari, Sheikh Abdullah AlManea, Sheikh Nizam Yaquby, and Dr. Aznan Hassan.
How often is Advance Auto Parts stock reviewed for Shariah compliance?
The Shariah compliance status of Advance Auto Parts stock is reviewed on a regular basis, with a minimum frequency of once per quarter. However, if there are any significant changes or major developments in the company's operations that may impact its compliance, an immediate review will be conducted to ensure ongoing adherence to Shariah principles.
How can I stay updated on Advance Auto Parts's compliance status?
To stay informed, we recommend regularly checking Zoya for updates. You can also enable alerts within the Zoya app to receive notifications whenever there is a change in the Shariah compliance of AAP, or any other stocks you are monitoring. This is particularly useful as Shariah compliance can fluctuate due to changes in a company's financial ratios or business activities.
Are dividends from Advance Auto Parts stock considered halal?
No, dividends from AAP are not considered halal because the stock is currently not Shariah-compliant. When a stock is non-compliant, any dividends received from it are considered impermissible income and should be donated to charity as a form of purification. To learn more about the purification process and how to handle impermissible income, read our comprehensive guide.
Do I need to pay Zakat on my Advance Auto Parts shares?
If you hold Advance Auto Parts stock as an investment, through an Employee Stock Ownership Plan (ESOP), stock options, restricted stock units (RSUs), or any other form of stock ownership, and meet the Nisab threshold, you may be required to pay Zakat on it. The calculation of Zakat on investments can be complex and depends on various factors. To help make this easy, we've created a free Zakat calculator for stocks. For a more seamless experience, use the Zoya mobile app, where you can link your brokerage account to automatically import holdings.

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•  Best Buy (BBY)

•  Five Below, Inc. (FIVE)

•  Autozone (AZO)

•  DICK'S Sporting Goods, Inc. (DKS)

•  O'Reilly Automotive (ORLY)

•  Tractor Supply Co (TSCO)

•  Genuine Parts Company (GPC)

•  Williams-Sonoma, Inc. (WSM)

Shariah compliance data powered by the Zoya API. Chart by TradingView
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