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Fossil Group

FOSL stock is not Shariah-compliant

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About Fossil Group (FOSL)

Fossil Group, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories worldwide under its proprietary brands like FOSSIL, SKAGEN, MICHELE, RELIC, and ZODIAC as well as licensed brands including ARMANI EXCHANGE, DIESEL, DKNY, EMPORIO ARMANI, KATE SPADE NEW YORK, MICHAEL KORS, PUMA, TORY BURCH, Skechers, and BMW. The company offers traditional watches, smartwatches, jewelry, handbags, small leather goods, belts, and sunglasses through various channels, including company-owned retail and outlet stores, department stores, specialty retail stores, e-commerce sites, and franchised stores, operating 370 stores worldwide as of January 2, 2022.

Frequently asked questions

Is Fossil Group (FOSL) stock halal to invest in?
No. As of , FOSL is not Shariah-compliant under AAOIFI standards, so it is not considered halal to invest in. Fossil Group fails the business screen, the financial screen or both, based on its most recent financial reports. The Zoya app shows which one and lists Shariah-compliant alternatives.
Does Fossil Group have any interest income?
Yes, Fossil Group does have interest income. According to the company's latest annual report for the fiscal year ending Jan 03, 2026, Fossil Group reported revenue of $1,004,406,000 and interest income of $1,680,000. The interest income represents 0.17% of the combined total. It's worth noting that some companies may report additional 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 Fossil Group 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 Fossil Group stock reviewed for Shariah compliance?
The Shariah compliance status of Fossil Group 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 Fossil Group'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 FOSL, 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 Fossil Group stock considered halal?
No, dividends from FOSL 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 Fossil Group shares?
If you hold Fossil Group 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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Shariah compliance data powered by the Zoya API. Chart by TradingView
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