Designer Brands Inc. designs, manufactures, and retails footwear and accessories for women, men, and kids primarily in North America through its U.S. Retail, Canada Retail, and Brand Portfolio segments. It offers products under various brands, including Vince Camuto, Louise et Cie, Jessica Simpson, and Lucky, through its e-commerce sites and a portfolio of banners like DSW Designer Shoe Warehouse, The Shoe Company, and Shoe Warehouse. As of January 29, 2022, it operated 648 stores.
Frequently asked questions
Is Designer Brands Inc. (DBI) stock halal to invest in?
As of , DBI is not Shariah-compliant and is therefore not considered a halal investment. This assessment is based on the data available in Designer Brands Inc.'s most recent financial reports.
Does Designer Brands Inc. have any interest income?
No, Designer Brands Inc. has not reported any interest income. According to the company's latest annual
report for the fiscal year ending Jan 31, 2026, Designer Brands Inc. reported total revenue
of 2892671000, 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 Designer Brands Inc. 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 Designer Brands Inc. stock reviewed for Shariah compliance?
The Shariah compliance status of Designer Brands Inc. 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 Designer Brands Inc.'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 DBI,
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 Designer Brands Inc. stock considered halal?
No, dividends from DBI 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 Designer Brands Inc. shares?
If you hold Designer Brands Inc. 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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