FND
Floor & Decor Holdings, Inc.
Is FND Halal?
Hard-surface flooring retail — specialty home improvement retail is permissible.
What You Should Know
Floor & Decor is a specialty retailer of hard-surface flooring including tile, wood, laminate, vinyl, and stone, plus related installation accessories. Its March 26, 2026 Form 10-Q reports $5,576.303 million of assets, $196.115 million of term-loan debt, $293.632 million of cash, $104.329 million of receivables and $1,152.278 million of quarterly net sales. Debt/assets is 3.52%, liquidity/assets is 5.27%, receivables-plus-cash/assets is 7.14% and disclosed interest income is 0.18% of revenue; the examined FTSE, MSCI and Malaysia financial ratios pass. Specialty building-material retail is generally permissible, with housing-cycle, inventory and store-expansion risks treated qualitatively.
⚠️ Concerns
- •Moderate debt from store expansion program
- •Minor interest income
- •Cyclical exposure to housing market
- •Inventory and store-expansion execution
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-26; calculated 2026-07-15.
196.115 / 5,576.303
293.632 / 5,576.303
397.961 / 5,576.303
2.05 / 1,152.278
- Financial
- Pass
- Overall
- Pass
Debt/assets is 3.52%, liquidity/assets is 5.27%, receivables-plus-cash/assets is 7.14% and disclosed interest income is 0.18% of revenue; the examined FTSE ratios and core activity pass.
- Financial
- Pass
- Overall
- Pass
Debt/assets, liquidity/assets and receivables-plus-cash/assets are below the examined MSCI total-assets limits; this is not an index-membership claim.
- Financial
- Pass
- Overall
- Pass
Debt/assets and liquidity/assets are below the examined Malaysia limits; this is a calculation against the named ratios, not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored; filing-based financial results remain documented.
Business-activity disclosure
Floor & Decor sells hard-surface flooring, installation accessories and related home-improvement materials through specialty retail and warehouse stores. The core commerce activity is generally permissible.
Limitation: The filing does not allocate every customer or installation use into a scholar-approved prohibited-revenue numerator, but no prohibited product category is identified in the reported retail mix.
Purification
Floor & Decor discloses $2.050 million of interest income but does not provide a scholar-approved purification percentage or separate prohibited-activity numerator.
Inputs, assumptions and primary sources
- Amounts are USD millions converted from Floor & Decor's March 26, 2026 Form 10-Q values reported in thousands.
- Interest-bearing debt is the $196.115 million current term-loan balance; operating lease liabilities are excluded.
- Cash is $293.632 million and no separately identified interest-bearing securities balance is included.
- Receivables are $104.329 million net; first-quarter net sales are $1,152.278 million.
- Disclosed interest income is $2.050 million; the filing also reports interest expense and capitalized interest, so this is not a scholar-approved purification percentage.
- Specialty flooring and building-material retail is generally permissible; housing-cycle, inventory and store-expansion risks remain qualitative concerns.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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