Is Leon's Furniture (LNF) halal?
Leon's Furniture Limited (TSX: LNF) is Canada's largest furniture and appliance retailer, with debt of about 4.2% of market cap and finance income of about 0.4% of revenue — so all three screens pass: PASS.
The two-gate Shariah screen
Every screener on this site runs the same two gates: first, the business must be halal (no conventional insurance, banking, alcohol, gambling, weapons manufacturing, and the like); second, the financial ratios must clear (debt under roughly 33% of market cap, non-compliant income under roughly 5%).
Gate one: the business — no haram core lines
Leon's Furniture Limited is Canada's largest retailer of furniture, appliances and electronics, operating the Leon's, The Brick, Brick Outlet and The Brick Mattress Store banners across 301 stores coast to coast. One ancillary line is disclosed for completeness: its wholly owned insurance subsidiaries underwrite extended-warranty and insurance contracts, contributing about 1.1% of FY2025 revenue (C$28.3 million of insurance sales revenue) — a side line, not the core business. No haram core business segments are disclosed.
Gate two: the ratios — all three pass
At December 31, 2025 (Ernst & Young-audited FY2025 statements; the Q2 2026 interim release discloses only top-line figures, so audited annuals are used): long-term debt of C$70.0 million plus lease liabilities of C$405.3 million (C$78.3 million current plus C$327.0 million non-current). With 68,751,000 shares outstanding at C$24.22 (September 29, 2026), market cap is about C$1,665.1 million, so debt is about 4.2% of market cap — about 28.5% even including lease liabilities, under the ~33% ceiling either way. Interest-type income: Note 19 reports 'Finance income' of C$10.418 million against revenue of C$2,573.7 million — about 0.4%, well under the ~5% ceiling. Cash, debt securities and equity securities totalled C$415.4 million (~24.9% of market cap).
What other screeners say
No coverage pages for Leon's Furniture Limited (LNF/LNF.TO) were found on Zoya, Musaffa, or ShariaPortfolio in targeted searches.
The bottom line
This screener gives Leon's Furniture Limited (TSX: LNF) a PASS. All three screens pass on verified audited numbers: a permissible retail business, low debt even counting leases, and finance income far under the ceiling. Snapshot dated September 29, 2026; re-checked quarterly after earnings.
Sources
- FY2025 audited financial statements (Leon's Furniture Limited)
- Q2 2026 results press release (Leon's Furniture Limited)
Frequently asked questions
Is Leon's Furniture stock halal?
This screener gives it a PASS. Leon's Furniture Limited (TSX: LNF) is a furniture and appliance retailer with no haram core business, long-term debt of about 4.2% of market cap (about 28.5% including lease liabilities — still under the ~33% ceiling), and finance income of about 0.4% of revenue (under ~5%). Figures are from the audited FY2025 statements. Consult a qualified scholar.
What are Leon's debt and market-cap figures?
At December 31, 2025 (audited FY2025): long-term debt of C$70.0 million plus lease liabilities of C$405.3 million (C$78.3 million current plus C$327.0 million non-current). Market cap is about C$1,665.1 million (68,751,000 shares at C$24.22, September 29, 2026). Debt is about 4.2% of market cap excluding leases, about 28.5% including them — under the ~33% ceiling either way. Cash, debt securities and equity securities totalled C$415.4 million (~24.9% of market cap).
How much finance income does Leon's earn?
Note 19 to the FY2025 audited statements reports 'Finance income' of C$10.418 million against revenue of C$2,573.7 million — about 0.4%, well under the ~5% ceiling. (Q2 2026 interim figures disclose only net finance costs of C$3.0 million, so the audited annual line is used.)
What does Leon's Furniture do?
Leon's Furniture Limited is Canada's largest retailer of furniture, appliances and electronics, operating the Leon's, The Brick, Brick Outlet and The Brick Mattress Store banners across 301 stores. Its wholly owned insurance subsidiaries underwrite extended-warranty and insurance contracts (about 1.1% of FY2025 revenue) — an ancillary line, disclosed here for completeness. No haram core business segments are disclosed.
What do Zoya, Musaffa, and ShariaPortfolio say about LNF?
No coverage pages for Leon's Furniture Limited (LNF/LNF.TO) were found on Zoya, Musaffa, or ShariaPortfolio in targeted searches.