Compliance Status
Not Halal
Screened on Oct 15, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is Cornerstone Strategic Value Fund, Inc. (CLM) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, Cornerstone Strategic Value Fund, Inc. has 5% or more of its basket by weight in non-compliant holdings with a compliance score of 0/100 (Grade: F).
Quote this verdict
HalalScreener rates Cornerstone Strategic Value Fund, Inc. (CLM) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Oct 15, 2026. Source: https://halalscreener.app/en/stock/CLM
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
91% of the basket's holdings were screened individually.
CLM: Is Cornerstone Strategic Value Fund, Inc. Halal?
Cornerstone Strategic Value Fund, Inc.
$6.18
Market Cap: 1.8B
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About Cornerstone Strategic Value Fund, Inc.
Cornerstone Strategic Value Fund, Inc. is a closed-end equity investment fund, actively managed by Cornerstone Advisors, Inc. Its mandate is to allocate capital to publicly traded equities across global markets. The fund diversifies its holdings by targeting companies across numerous economic sectors. A core element of its strategy involves identifying companies with both value characteristics and growth potential. Furthermore, the fund has the flexibility to invest indirectly through other closed-end investment vehicles and Exchange Traded Funds (ETFs). This U.S.-domiciled fund commenced operations on May 1, 1987.
Sector: Financial Services · Industry: Asset Management
Shariah Compliance Status
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why CLM is rated Not Halal with institutional-grade analysis
Business Activity Screen
FailedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
- Basket-weighted haram holdings exceed 5% (11.4%)
Basket Composition
91% of basket screenedETFs are baskets of many stocks. AAOIFI-aligned rule: basket is halal when haram weight is under 5%. The purification share is the weighted prohibited-income contribution of the underlying holdings.
Top Holdings
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.
Screened according to AAOIFI Standard 21
Compliance History
Not Halalnow
since Jul 2026
Under Review
until the change above
Tracked since May 2026. Updates automatically on each re-screen.
Halal Alternatives in Financial Services
This fund is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:
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Frequently Asked Questions
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Screened by holdings look-through under 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. A fund is evaluated by screening its holdings under AAOIFI financial standards and weighing the result, using 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.