What is Codere Online Luxembourg, S.A.'s Shariah compliance score?

Codere Online Luxembourg, S.A.'s (CDRO) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Codere Online Luxembourg, S.A. pass AAOIFI screening?

Codere Online Luxembourg, S.A. (CDRO) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (CDRO: 0.9%), (3) interest-bearing deposits below 30% (CDRO: 14.1%), and (4) prohibited income below 5% (CDRO: 0.2%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Codere Online Luxembourg, S.A. stock?

Codere Online Luxembourg, S.A. (CDRO) has a non-permissible income ratio of 0.16%. Muslim investors should purify this percentage of any dividends received and capital gains realized from CDRO shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Codere Online Luxembourg, S.A. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Codere Online Luxembourg, S.A. (CDRO) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about CDRO's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

CDRO: Is Codere Online Luxembourg, S.A. Halal?

Codere Online Luxembourg, S.A.

NASDAQConsumer CyclicalLU

$9.64

+3.43%

Market Cap: 438.3M

Compliance Status

Not Halal

Screened on Jul 19, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Codere Online Luxembourg, S.A. (CDRO) halal? Not Halal. Based on AAOIFI screening, Codere Online Luxembourg, S.A. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

AvoidBorderlineClean

Business activity

Involved in prohibited business activities.

Failed

Company debt

Well clear of the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

0.9% of 30.0% limit

What this means for you

Most scholars advise not holding CDRO

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Codere Online Luxembourg, S.A.

Specializing in the digital gambling sector, Codere Online Luxembourg, S.A. provides an array of online casino games and sports betting services. Its core operational footprint spans several countries, notably Spain, Italy, Mexico, Colombia, Panama, and Argentina. This enterprise maintains its corporate base in Luxembourg.

Sector: Consumer Cyclical · Industry: Gambling, Resorts & Casinos

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 19, 2026

Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Prohibited activity detected: gambling
Prohibited activity detected: casino
Prohibited activity detected: betting

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: FY 2025Data source: FMP

Halal Alternatives in Consumer Cyclical

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

MARA+

Marriott International, Inc.

$366.24

-0.85%

FWDIA+

Forward Industries, Inc.

$3.96

+11.86%

ROLA+

Rollins, Inc.

$44.77

-0.40%

TSCOA+

Tractor Supply Company

$30.24

+1.65%

GNTXA+

Gentex Corporation

$24.35

-2.25%

More Consumer Cyclical Stocks

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Amazon.com, Inc.

A+

TSLA

Tesla, Inc.

The Home Depot, Inc.

MCD

McDonald's Corporation

B+

BKNG

Booking Holdings Inc.

LOW

Lowe's Companies, Inc.

Free · No credit card required

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Frequently Asked Questions

Is Codere Online Luxembourg, S.A. (CDRO) halal to invest in?

Codere Online Luxembourg, S.A. (CDRO) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Codere Online Luxembourg, S.A. get a F compliance rating?

Codere Online Luxembourg, S.A. (CDRO) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.9% (limit 30%); interest-bearing deposits of 14.1% (limit 30%); prohibited income of 0.16% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Codere Online Luxembourg, S.A.'s Shariah verdict?

Codere Online Luxembourg, S.A.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is Codere Online Luxembourg, S.A. re-screened for Shariah compliance?

Codere Online Luxembourg, S.A. (CDRO) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jul 19, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.