Digital Brands Group, Inc. (DBGI) - Not Halal (Non-Compliant)
Digital Brands Group, Inc. (DBGI) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- Consumer Cyclical
- Industry
- Apparel Retail
- Result
- Pass
- Reason
- The sector "Consumer Cyclical" and industry "Apparel Retail" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 4.6% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 0.3% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 74.7% | Threshold: 5% | Result: Fail
Dividend Purification
Purification percentage: 74.75%.Based on the company's financial statements, approximately 74.75% of dividend income comes from non-permissible sources; this is the share many investors donate to purify it. This is derived from identified interest income (74.75% of total income). Some scholars may differ on the exact calculation method.
About Digital Brands Group, Inc.
Digital Brands Group, Inc. engages in the provision of various apparel products through direct-to-consumer and wholesale distribution. The company offers women's clothing, including dresses, tops, jumpsuits, bottoms, sets, shirts, sweaters, skirts, shorts, athleisure bottoms, and other accessory products, as well as t-shirts, jackets and rompers. It sells its products under the Bailey 44, Stateside, DSTLD, Sundry, and AVO Studios brand names. The company sells directly to the consumer through its websites and showrooms, as well as through its wholesale channel in specialty stores, third-party online stores, and select department stores. The company was formerly known as Denim.LA, Inc. Digital Brands Group, Inc. was incorporated in 2012 and is headquartered in Austin, Texas.
Frequently Asked Questions
Is Digital Brands Group, Inc. (DBGI) stock halal to invest in?
According to AAOIFI Shariah screening standards, Digital Brands Group, Inc. (DBGI) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
