Is Biglari Holdings Inc. (BH-A) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 14.4% / 30% | 12.8% / 30% | 2.4% / 30% | 6.94% / 5% | ✗ NOT HALAL |
| DJIM | 14.4% / 33% | 12.8% / 33% | 2.4% / 33% | 6.94% / 5% | ✗ NOT HALAL |
| MSCI | 17.3% / 33% | 15.4% / 33% | 2.9% / 33% | 6.94% / 5% | ✗ NOT HALAL |
| S&P | 14.4% / 33% | 12.8% / 33% | 2.4% / 33% | 6.94% / 5% | ✗ NOT HALAL |
| FTSE | 17.3% / 33% | 15.4% / 33% | 2.9% / 50% | 6.94% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 37.8% | |
| Operating Margin | 3.6% | |
| Net Margin | -9.5% | |
| Return on Equity (ROE) | -6.8% | |
| Return on Assets (ROA) | 1.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $107M |
| Free Cash Flow | $77M |
| Total Debt | $359M |
| Debt-to-Equity | 68.5 |
| Current Ratio | 2.4 |
| Total Assets | $1.0B |
Price & Trading
| Last Close | $1,680.82 |
| 50-Day MA | $1,937.39 |
| 200-Day MA | $1,693.82 |
| Avg Volume | 15K |
| Beta | 0.7 |
|
52-Week Range
$999.01
| |
About Biglari Holdings Inc. (BH-A)
Biglari Holdings Inc., through its subsidiaries, primarily operates and franchises restaurants in the United States. The company owns, operates, and franchises restaurants under the Steak n Shake and Western Sizzlin names. It also engages in underwriting commercial truck insurance, including selling physical damage and non-trucking liability insurance to truckers; and property and casualty insurance and reinsurance. In addition, the company operates oil and natural gas properties offshore in Louisiana state waters and in the Permian Basin; and publishes, licenses, and sells magazines under the MAXIM brand names. Further, it involved investment activities. The company was formerly known as The Steak n Shake Company and changed its name to Biglari Holdings Inc. in April 2010. Biglari Holdings Inc. was founded in 1934 and is based in San Antonio, Texas.
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Frequently Asked Questions
Is Biglari Holdings Inc. (BH-A) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Biglari Holdings Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Biglari Holdings Inc.'s debt ratio?
Biglari Holdings Inc.'s debt ratio is 14.4% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 17.3%.
What are Biglari Holdings Inc.'s key financial metrics?
Biglari Holdings Inc. has a market capitalization of $1.0B, and revenue of $395M. The company maintains a gross margin of 37.8% and a net margin of -9.5%. Return on equity stands at -6.8%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.