Rocky Brands, Inc. (RCKY) operates in the permissible footwear and apparel sector but faces significant Shariah compliance challenges due to high debt levels exceeding all major thresholds. While business activities are largely compliant with no non-permissible income, the financial structure results in non-compliance across standards. Index exclusion reinforces the non-compliant status, though purification is required for minor interest income. Investors should monitor debt reduction efforts for potential future compliance.