What is Clearfield, Inc.'s Shariah compliance score?

Clearfield, Inc. (CLFD) has a Shariah compliance score of 62/100 (Grade: B, Acceptable). 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 Clearfield, Inc. pass AAOIFI screening?

Clearfield, Inc. (CLFD) passes 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%. CLFD's debt-to-market-cap is 0.0%.

How much purification is needed for Clearfield, 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 Clearfield, Inc. (CLFD) using the latest financial data.

Where can I screen Clearfield, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Clearfield, Inc. (CLFD) 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.

CLFDHalalB

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Compliance Status

Halal

Screened on Oct 13, 2026 · AAOIFI Standard 21

Acceptable

62Score

Is Clearfield, Inc. (CLFD) halal? Halal. Based on AAOIFI screening, Clearfield, Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 62/100 (Grade: B).

Quote this verdict

HalalScreener rates Clearfield, Inc. (CLFD) Halal, 62/100, grade B under AAOIFI Standard 21, screened Oct 13, 2026. Source: https://halalscreener.app/en/stock/CLFD

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

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

0.0% of 30.0% limit

PRO DETAIL

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

You can own CLFD

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

Purification amount is Pro

We have screened CLFD's prohibited income, but the exact share you would need to purify is part of Pro.

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CLFD: Is Clearfield, Inc. Halal?

Clearfield, Inc.

NASDAQTechnologyUS

$29.47

Market Cap: 400.3M

Screened on a market cap of 442.3M

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About Clearfield, Inc.

Clearfield, Inc. specializes in the development, manufacturing, and global distribution of both standard and customized passive fiber optic connectivity solutions. These products cater to a diverse clientele, including entities engaged in fiber-to-the-premises (FTTP) deployments, enterprise networks, and original equipment manufacturers (OEMs) across the United States and internationally. The company's extensive product portfolio encompasses several key lines: FieldSmart: A range of physical infrastructure components such as panels, cabinets, and wall boxes, specifically designed for housing and protecting fiber optic connections. WaveSmart: Optical components critical for managing light signals, enabling functions like coupling, splitting, termination, multiplexing, demultiplexing, and attenuation when integrated into their fiber management systems. Solutions for outdoor network installations, including outdoor and fiber active cabinet products. StreetSmart: Various fiber management products tailored for network organization. FieldShield: An innovative method for fiber pathway and protection, aimed at streamlining and reducing the expense of broadband infrastructure rollout. YOURx platform: Comprising robust hardened terminals, test access points, and diverse drop cable options, this platform supports different fiber drop cable media for various segments of the access network. CraftSmart: A series of optical protection field enclosures, including pedestals and vaults, which provide optimized housing for FieldSmart products at the last mile access point, suitable for both above-grade and below-grade installations. Clearfield also offers fiber and copper assemblies, available in industry-standard or customer-specified configurations, along with bespoke solutions for in-the-box and network connectivity tailored to specific customer product lines. Clearfield's comprehensive "fiber to anywhere" platform serves a broad spectrum of clients, from incumbent and competitive local exchange carriers, wireless operators, and multiple systems operators/cable TV companies, to utility/municipality entities, enterprises, and data centers. The company, founded in 1979 and headquartered in Minneapolis, Minnesota, operated as APA Enterprises, Inc. before officially changing its name to Clearfield, Inc. in January 2008.

Sector: Technology · Industry: Communication Equipment

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 13, 2026

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Screened according to AAOIFI Standard 21

Compliance History

Halalnow
since Sep 2026
Doubtful
until the change above
Halal
until the change above

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

Fiscal: Q3 2026Data source: EDGAR

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Frequently Asked Questions

Is Clearfield, Inc. (CLFD) halal to invest in?

Based on AAOIFI Standard 21 screening, Clearfield, Inc. (CLFD) is rated Halal with a compliance grade of B (Acceptable). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).

Why did Clearfield, Inc. get a B compliance rating?

Clearfield, Inc. (CLFD) received a grade of B (Acceptable) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.0% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Clearfield, Inc.'s Shariah verdict?

Clearfield, 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 Clearfield, Inc. re-screened for Shariah compliance?

Clearfield, Inc. (CLFD) 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 13, 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.