La-Z-Boy Inc

LZB

Compliant
Exchange
Sector
Headquarters
Group
NYSE
Consumer Cyclicals
USA
Small Cap

La-Z-Boy Inc is Shariah Compliant. It passes 5/5 Shariah standards we screen against.

0.61%

Impure Income*

$0.072

Purification*

$0.342

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Small Cap
BUY
-3.36%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
6.89%
4.84%
1.29
1.80
-17.21%

Shariah Compliance

Debt
✓
Non-Compliant Assets
0.49%
✓
Impure Income
0.61%
✓

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
✓
Impure Income
0.61%
✓

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
✓
Impure Income
0.61%
✓

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
✓
Cash
13.72%
✓
Cash & AR
19.89%
✓
Impure Income
0.61%
✓

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
✓
Cash
13.72%
✓
Cash & AR
19.89%
✓
Impure Income
0.61%
✓

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
0.61%

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

La-Z-Boy Incorporated is a vertically integrated retailer and manufacturer of custom furniture. The Company is engaged in retail, manufacturing, design, distribution and after-service care. Its Joybird brand is an omnichannel retailer and manufacturer of modern, custom upholstered furniture, operating over 15 United States stores. Its segments include Wholesale Segment, Retail Segment, Corporate and Other. The Wholesale segment consists primarily of four operating segments: La-Z-Boy, an England subsidiary; Casegoods operating segment that sells furniture under the brand Hammary; and the international operating segment, which includes international La-Z-Boy wholesale and manufacturing businesses. The Retail segment consists of one operating segment comprised of 226 company-owned La-Z-Boy Stores. It sells upholstered furniture, in addition to some casegoods and other home furnishings and accessories, to end consumers through the stores.

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