Is Rent the Runway, Inc. (RENT) Stock Halal or Haram?
Rent the Runway, Inc. (RENT) - Not Halal (Non-Compliant)
Rent the Runway, Inc. (RENT) 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: 81.8% | Threshold: 30% | Result: Fail
Cash & Interest-bearing Securities Ratio
Value: 12.1% | Threshold: 30% | Result: Pass
Non-Permissible Income Ratio
Value: 8.6% | Threshold: 5% | Result: Fail
Dividend Purification
Purification percentage: 8.55%.Based on the company's financial statements, approximately 8.55% 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 (8.55% of total income). Some scholars may differ on the exact calculation method.
About Rent the Runway, Inc.
Rent the Runway, Inc. operates shared designer closet in the United States. The company provides evening wear and accessories, ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear, and ski wear under subscription, rental, and resale offering. It also engages in software development and support activities. The company was incorporated in 2009 and is headquartered in Brooklyn, New York.
Frequently Asked Questions
Is Rent the Runway, Inc. (RENT) stock halal to invest in?
According to AAOIFI Shariah screening standards, Rent the Runway, Inc. (RENT) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does Rent the Runway, Inc. have any interest income?
Identified interest income is 8.6% of Rent the Runway, Inc.'s total income. AAOIFI standards require non-permissible income to be below 5%.
Based on the company's financial statements, approximately 8.55% 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 (8.55% of total income). Some scholars may differ on the exact calculation method.
Uses quarterly data
About Rent the Runway, Inc.
Rent the Runway, Inc. operates shared designer closet in the United States. The company provides evening wear and accessories, ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear, and ski wear under subscription, rental, and resale offering. It also engages in software development and support activities. The company was incorporated in 2009 and is headquartered in Brooklyn, New York.
United StatesNASDAQConsumer Cyclical
Screened using AAOIFI Standard No. 21 on October 26, 2026. Financial ratios compared against market capitalization. Different methodologies may produce different results. Learn how we screen.
Screened using AAOIFI Shariah Standard No. 21 (3 ratios). Debt and interest-bearing deposits must each be under 30% of market capitalization, and non-permissible income under 5% of total income. This screening is for educational purposes only and does not constitute a fatwa or religious ruling. Results are based on publicly available financial data and automated analysis. Users should consult qualified Islamic scholars and financial advisors for personal investment decisions. Financial data may be delayed or incomplete. Past compliance does not guarantee future status.
Verdict history
Free with an account.
No verdict changes recorded since first screened on Oct 26, 2026. We started recording changes on Oct 26, 2026.
Dates are when Mizaan recorded the change. Tracked and watched stocks are re-checked weekly; other stocks are re-screened on demand.
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Frequently Asked Questions
According to AAOIFI Shariah screening standards, Rent the Runway, Inc. (RENT) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Identified interest income is 8.6% of Rent the Runway, Inc.'s total income. AAOIFI standards require non-permissible income to be below 5%.
RENT is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
Rent the Runway, Inc.'s compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
Watch RENT free with a Mizaan account. Watched stocks are re-checked weekly, and any verdict change is dated in the verdict history on this page. Premium members also get an alert when it changes.
Approximately 8.55% of dividend income from Rent the Runway, Inc. comes from non-permissible sources such as interest income. Many investors purify that share by donating it to charity; scholars differ on the details, so check with one you trust.
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
What guidelines are used to determine if RENT stock is Shariah-compliant?
RENT is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
How often is Rent the Runway, Inc. stock reviewed for Shariah compliance?
Rent the Runway, Inc.'s compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
How can I stay updated on Rent the Runway, Inc.'s compliance status?
Watch RENT free with a Mizaan account. Watched stocks are re-checked weekly, and any verdict change is dated in the verdict history on this page. Premium members also get an alert when it changes.
Are dividends from Rent the Runway, Inc. stock considered halal?
Approximately 8.55% of dividend income from Rent the Runway, Inc. comes from non-permissible sources such as interest income. Many investors purify that share by donating it to charity; scholars differ on the details, so check with one you trust.
Do I need to pay Zakat on my Rent the Runway, Inc. shares?
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
