Shariah compliance overview
HalalScholastic Corporation (SCHL) is currently classified as Halal by Akinda Shariah screening (AAOIFI-aligned methodology).
About Scholastic Corporation
Scholastic Corporation, a company founded in 1920 and headquartered in New York, New York, specializes in the global creation and distribution of literary and educational materials for young people.
Scholastic Corporation (SCHL) operates in the Communication Services sector, in the Publishing industry.
Why it is halal: it passes all three AAOIFI screens. Non-compliant revenue is 4.33% (limit 5%), interest-bearing debt is 9.73% (limit 30%) and interest-bearing securities and assets are 16.30% (limit 30%).
If you hold SCHL, give 2.26% of the dividends you receive to charity to purify the non-compliant share of its income.
- Business Activity
- 4.33%Limit 5%Pass
- Interest-bearing debt
- 9.73%Limit 30%Pass
- Interest-bearing securities and assets
- 16.30%Limit 30%Pass
- Dividend purification
- 2.26%Share of dividends to give to charityPurification calculator
Last updated: Nov 3, 2026 · Screening is informational and not a fatwa. Consult a qualified scholar for personal guidance.
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Company Profile
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Frequently asked questions
Quick answers about Scholastic Corporation (SCHL). Current Akinda screening label: Halal.
