Carter's, Inc. (CRI) operates in the permissible Apparel - Retail industry, focusing on childrenswear with no significant non-compliant activities. However, the company's exceptionally high debt ratio of 90.01% relative to market capitalization disqualifies it under all major Shariah screening standards due to excessive riba exposure. Liquidity and income ratios are compliant, and ESG factors show low risk with resolved minor controversies. Index exclusion across all major Shariah benchmarks confirms non-compliance, though business activities remain halal. Investors should monitor debt reduction efforts for potential future compliance.