Is Topgolf Callaway Brands Corp halal to invest in?

As of November 2026, Topgolf Callaway Brands Corp MODG is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.

Is Topgolf Callaway Brands Corp a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Topgolf Callaway Brands Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Topgolf Callaway Brands Corp?

Muslim investors may consider investing in Topgolf Callaway Brands Corp if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Topgolf Callaway Brands Corp classified as NOT HALAL?

Musaffa determines the Shariah status of Topgolf Callaway Brands Corp by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Topgolf Callaway Brands Corp updated?

The Shariah compliance status of Topgolf Callaway Brands Corp may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Topgolf Callaway Brands Corp become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Topgolf Callaway Brands Corp?

You can check the latest Shariah compliance status of Topgolf Callaway Brands Corp on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

Is Topgolf Callaway Brands Corp Stock Halal?

Shariah Compliance Analysis of MODG Stock

United States Consumer Discretionary Mid Cap

No. As of November 2026, Topgolf Callaway Brands Corp (MODG) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Topgolf Callaway Brands Corp does not pass Musaffa's business and financial screening criteria.

Topgolf Callaway Brands Corp. engages in the manufacture and distribution of golf equipment and accessories. The company is headquartered in Carlsbad, California and currently employs 30,000 full-time employees. The firm is engaged in delivering golf equipment, apparel, and entertainment, with a portfolio of global brands including Topgolf, Callaway Golf, TravisMathew, Odyssey and OGIO. The firm provides golf entertainment experiences, designs and manufactures golf equipment, and sells golf and active lifestyle apparel and other accessories through its family of brand names. Its segments include Topgolf, Golf Equipment, and Active Lifestyle. The Topgolf segment includes the operations of its Company-owned and operated and franchised Topgolf venues and Toptracer ball-flight tracking technology (Toptracer). The Golf Equipment segment includes the operations of its golf clubs and golf balls business under the Callaway Golf and Odyssey brand names. The Active Lifestyle segment includes the operations of its soft goods business marketed under the Callaway Golf, TravisMathew, and OGIO brand names.

MODG Shariah Compliance

Screening Methodology: AAOIFI

As of November 2026, Topgolf Callaway Brands Corp is classified as not halal.

NOT HALAL

Topgolf Callaway Brands Corp (MODG) Chart

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Financial Metrics & Statements of Topgolf Callaway Brands Corp (MODG)

FAQ's for Topgolf Callaway Brands Corp (MODG)

As of November 2026, Topgolf Callaway Brands Corp MODG is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Topgolf Callaway Brands Corp using these criteria to determine its compliance status.
Muslim investors may consider investing in Topgolf Callaway Brands Corp if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of Topgolf Callaway Brands Corp by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of Topgolf Callaway Brands Corp may be updated periodically when new financial statements, earnings reports, or business activity information become available.
Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
You can check the latest Shariah compliance status of Topgolf Callaway Brands Corp on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

Alternate Halal Stocks for Topgolf Callaway Brands Corp (MODG)

Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.

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