Ethan Allen Interiors Inc. (ETD) - Halal (Shariah-Compliant)
Ethan Allen Interiors Inc. (ETD) is classified as Halal (Shariah-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
- Furnishings, Fixtures & Appliances
- Result
- Pass
- Reason
- The sector "Consumer Cyclical" and industry "Furnishings, Fixtures & Appliances" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 21.4% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 23.7% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 1.4% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 1.45%.Based on the company's financial statements, approximately 1.45% 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 (1.45% of total income). Some scholars may differ on the exact calculation method.
About Ethan Allen Interiors Inc.
Ethan Allen Interiors Inc. operates as an interior design company, and manufacturer and retailer of home furnishings in the United States and internationally. The company operates through two segments: Wholesale and Retail. It offers case goods items, such as beds, dressers, armoires, tables, chairs, buffets, entertainment units, home office furniture, and wooden accents; upholstery comprising fabric-covered items, such as sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and window treatments and drapery hardware, wall decors, florals, lighting, clocks, mattresses, bedspreads, throws, pillows, decorative accents, area rugs, flooring, wall coverings, and outdoor furnishings. The company also sells third-party furniture protection plans and sales less prompt payment discounts, sales allowances and other incentives. It markets and sells its products under the Ethan Allen brand through design centers, independent retailers, and other third parties as well as through ethanallen.com website. Ethan Allen Interiors Inc. was founded in 1932 and is headquartered in Danbury, Connecticut.
