What is Cadiz Inc.'s Shariah compliance score?

Cadiz Inc. (CDZI) has a Shariah compliance score of 0/100 (Grade: F, Non-Compliant). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does Cadiz Inc. pass AAOIFI screening?

Cadiz Inc. (CDZI) does not pass AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. CDZI's debt-to-market-cap is 32.1%.

How much purification is needed for Cadiz Inc.?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the percentage and amount for Cadiz Inc. (CDZI) using the latest financial data.

Where can I screen Cadiz Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Cadiz Inc. (CDZI) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

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Compliance Status

Not Halal

Screened on Oct 15, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Cadiz Inc. (CDZI) halal? Not Halal. Based on AAOIFI screening, Cadiz Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Cadiz Inc. (CDZI) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 15, 2026. Source: https://halalscreener.app/en/stock/CDZI

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

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

32.1% of 30.0% limit

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The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding CDZI

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

CDZI: Is Cadiz Inc. Halal?

Cadiz Inc.

NASDAQUtilitiesUS

$3.87

Market Cap: 327.7M

Screened on a market cap of 270.8M

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About Cadiz Inc.

Operating within the United States, Cadiz Inc. functions as a natural resources development entity. Its primary activities revolve around water and agricultural development projects, predominantly situated across its vast landholdings in California's San Bernardino County. The company's property portfolio includes approximately 35,000 acres located in the Cadiz and Fenner valleys of eastern San Bernardino County, alongside an additional 11,000 acres in the eastern Mojave Desert region of the same county. Beyond its resource endeavors, Cadiz Inc. also cultivates various crops such as lemons, and undertakes seasonal plantings of vegetables and grains. This enterprise, founded in 1983, maintains its corporate headquarters in Los Angeles, California.

Sector: Utilities · Industry: Regulated Water

Why this does not pass

Interest-bearing debt is 32.1% of market cap, over the 30% AAOIFI limit.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 15, 2026

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Institutional-grade Shariah analysis

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The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

Compliance History

Not Halalnow
since Oct 2026
Doubtful
until the change above
Halal
until the change above
Not Halal
until the change above
Doubtful
until the change above
Not Halal
until the change above
Doubtful
until the change above
Halal
until the change above
Not Halal
until the change above
Halal
until the change above
Not Halal
until the change above

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

Fiscal: Q2 2026Data source: EDGAR

Halal Alternatives in Utilities

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

0011.KLA+

Brite-Tech Bhd

$0.27

+0.00%

3069.KLA+

Mega First Corporation Bhd

$2.74

-0.01%

5041.KLA+

PBA Holdings Bhd

$2.04

+0.00%

5209.KLA+

Gas Malaysia Bhd

$5.18

+0.01%

5264.KLA+

Malakoff Corporation Bhd

$0.76

+0.00%

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Frequently Asked Questions

Is Cadiz Inc. (CDZI) halal to invest in?

Cadiz Inc. (CDZI) 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 Cadiz Inc. get a F compliance rating?

Cadiz Inc. (CDZI) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 32.1% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Cadiz Inc.'s Shariah verdict?

Cadiz Inc.'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 Cadiz Inc. re-screened for Shariah compliance?

Cadiz Inc. (CDZI) 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: Oct 15, 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.