What is Cornerstone Strategic Value Fund, Inc.'s Shariah compliance score?

Cornerstone Strategic Value Fund, Inc.'s (CLM) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Cornerstone Strategic Value Fund, Inc. pass AAOIFI screening?

Cornerstone Strategic Value Fund, Inc. (CLM) 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% (CLM: 0.0%), (3) interest-bearing deposits below 30% (CLM: 0.0%), and (4) prohibited income below 5% (CLM: 4.7%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Cornerstone Strategic Value Fund, Inc. stock?

Cornerstone Strategic Value Fund, Inc. (CLM) has a non-permissible income ratio of 4.71%. Muslim investors should purify this percentage of any dividends received and capital gains realized from CLM 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 Cornerstone Strategic Value Fund, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Cornerstone Strategic Value Fund, Inc. (CLM) 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 CLM's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

CLM: Is Cornerstone Strategic Value Fund, Inc. Halal?

Cornerstone Strategic Value Fund, Inc.

AMEXFinancial ServicesUS

$7.42

-0.93%

Market Cap: 2.1B

Compliance Status

Not Halal

Screened on Jul 16, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Cornerstone Strategic Value Fund, Inc. (CLM) halal? Not Halal. Based on AAOIFI screening, Cornerstone Strategic Value Fund, Inc. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Basket rule

Over the limit

An ETF is halal when non-compliant holdings stay under 5% of the basket by weight.

14.6% of 5.0% limit

87% of the basket's holdings were screened individually.

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

AAOIFI Standard 21Updated Jul 16, 2026

Business Activity Screen

Failed

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

Basket-weighted haram holdings exceed 5% (14.6%)

Basket Composition

87% of basket screened

ETFs 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.

71%

15%

12%

Halal71%

Doubtful2%

Not Halal15%

Unknown12%

Top Holdings

AAPLApple Inc.Halal7.19%NVDANVIDIA Corp.Halal7.04%GOOGLAlphabet Inc.Halal5.74%MSFTMicrosoft Corp.Halal4.81%Energy Select Sector SPDR FundUnknown3.98%AMZNAmazon.com, Inc.Halal3.88%AVGOBroadcom IncHalal2.62%Vaneck Vectors Semiconductors ETFUnknown2.49%METAMeta Platforms IncHalal2.30%Utilities Select Sector SPDR FundUnknown2.14%

Compliance History

Not Halalnow
since Jul 2026
Under Review
until the change above

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

Fiscal: N/AData source: FMP-LOOKTHROUGH

Halal Alternatives in Financial Services

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

GLDA+

SPDR Gold Shares

$368.41

+0.17%

SLVA+

iShares Silver Trust

$50.78

+0.47%

PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

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JPMorgan Chase & Co.

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A+

PYPL

PayPal Holdings, Inc.

C+

BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

Is Cornerstone Strategic Value Fund, Inc. (CLM) halal to invest in?

Cornerstone Strategic Value Fund, Inc. (CLM) 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 Cornerstone Strategic Value Fund, Inc. get a F compliance rating?

Cornerstone Strategic Value Fund, Inc.'s compliance grade is determined by AAOIFI Standard 21 screening, a two-step process: (1) qualitative screen for prohibited business activities and (2) quantitative check of debt, interest deposits, and prohibited income ratios. Scroll up to see the detailed ratio breakdown.

What could change Cornerstone Strategic Value Fund, Inc.'s Shariah verdict?

Cornerstone Strategic Value Fund, Inc.'s verdict is recalculated whenever the fund rebalances or holdings change materially. If the haram-weight of underlying holdings crosses 5% (the AAOIFI threshold for fund look-through), the verdict will flip to Not Halal. HalalScreener rescreens ETFs at each rebalance cycle.

How often is Cornerstone Strategic Value Fund, Inc. re-screened for Shariah compliance?

Cornerstone Strategic Value Fund, Inc. (CLM) 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 16, 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.