Designer Brands Inc.

DBI

Compliant
Exchange
Sector
Headquarters
Group
NYSE
Consumer Cyclicals
USA
Micro Cap

Designer Brands Inc. is Shariah Compliant. It passes 2/5 Shariah standards we screen against.

-

Impure Income*

-

Purification*

$0.192

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Micro Cap
HOLD
-9.70%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
11.00%
-2.39%
1.43
3.32
7.02%

Shariah Compliance

Debt
100%
✗
Non-Compliant Assets
✓
Impure Income

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
100%
✗
Impure Income

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
100%
✗
Impure Income

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
23.79%
✓
Cash
2.51%
✓
Cash & AR
4.82%
✓
Impure Income

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
23.79%
✓
Cash
2.51%
✓
Cash & AR
4.82%
✓
Impure Income

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
-

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

Designer Brands Inc. is a designer, producer and retailer of footwear and accessories. The Company operates through two segments, which include Retail and Brand Portfolio. The Retail segment offers an assortment of dress, casual, and athletic footwear and accessories for women, men, and kids in stores and online under the following banners: DSW Designer Shoe Warehouse, The Shoe Co., and Rubino. The Brand Portfolio segment designs, develops, and sources footwear and accessories for its exclusive and licensed brands for the sale of wholesale merchandise to retailer customers. The DSW banner is offered both in the United States and in Canada, which is the destination for on-trend and fashion-forward footwear and accessory brands. The Shoe Co. banner in Canada offers on-trend footwear and accessory brands that target every-day family styles every single day. The Rubino banner in Quebec, Canada offers on-trend footwear and accessory brands.

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