What is Coda Octopus Group, Inc.'s Shariah compliance score?

Coda Octopus Group, Inc. (CODA) has a Shariah compliance score of 63/100 (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 Coda Octopus Group, Inc. pass AAOIFI screening?

Coda Octopus Group, Inc. (CODA) is rated Doubtful under AAOIFI Shariah screening, which is neither a clear pass nor a clear fail. 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%. CODA's debt-to-market-cap is 0.3%.

How much purification is needed for Coda Octopus Group, 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 Coda Octopus Group, Inc. (CODA) using the latest financial data.

Where can I screen Coda Octopus Group, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Coda Octopus Group, Inc. (CODA) 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.

CODADoubtfulB

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Compliance Status

Doubtful

Screened on Oct 10, 2026 · AAOIFI Standard 21

Acceptable

63Score

Is Coda Octopus Group, Inc. (CODA) halal? Doubtful. Based on AAOIFI screening, Coda Octopus Group, Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 63/100 (Grade: B).

Quote this verdict

HalalScreener rates Coda Octopus Group, Inc. (CODA) Doubtful, 63/100, grade B under AAOIFI Standard 21, screened Oct 10, 2026. Source: https://halalscreener.app/en/stock/CODA

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%.

0.3% 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 may own CODA, with caution

Its numbers sit close to AAOIFI limits. Cautious investors may prefer alternatives or ask a scholar first.

Purification amount is Pro

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

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CODA: Is Coda Octopus Group, Inc. Halal?

Coda Octopus Group, Inc.

NASDAQIndustrialsUS

$10.25

Market Cap: 115.6M

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About Coda Octopus Group, Inc.

Coda Octopus Group, Inc., alongside its subsidiary entities, specializes in the design and distribution of advanced underwater technologies and specialized equipment. These innovations serve critical applications such as 3D imaging, detailed mapping, defense operations, and comprehensive survey work, with a global presence spanning the Americas, Europe, Australia, Asia, the Middle East, and Africa. The company's operations are divided into two key divisions: the Marine Engineering Business and the Marine Technology Business. Their comprehensive suite of solutions addresses the unique demands of subsea and underwater environments. Key product offerings include sophisticated geophysical systems, encompassing software for data acquisition, processing, and analysis, primarily utilized by survey firms, offshore renewable energy developers, research institutions, and salvage companies. They also provide GNSS-aided navigation systems, as well as the Echoscope and Echoscope PIPE, specifically engineered for real-time monitoring of subsea cable installations for offshore wind projects. Furthermore, their portfolio features a diver augmented vision display system. Under the CodaOctopus GeoSurvey brand, the company delivers hardware and software for the in-field acquisition of data from sidescan sonar and sub-bottom profilers. Additionally, the CodaOctopus DA4G productivity suite offers software solutions that automate the analysis, annotation, and mosaicing of intricate datasets. Established in 1994, Coda Octopus Group, Inc. maintains its corporate headquarters in Orlando, Florida, and markets all its products under the distinguished CodaOctopus brand.

Sector: Industrials · Industry: Aerospace & Defense

Why This Stock Is Doubtful

Interest-bearing deposits are close to the 30% limit.

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 10, 2026

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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

Doubtful, unchanged since Aug 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q3 2026Data source: EDGAR

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Frequently Asked Questions

Is Coda Octopus Group, Inc. (CODA) halal to invest in?

Coda Octopus Group, Inc. (CODA) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.

Why did Coda Octopus Group, Inc. get a B compliance rating?

Coda Octopus Group, Inc. (CODA) received a grade of B (Acceptable) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.3% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Coda Octopus Group, Inc.'s Shariah verdict?

Coda Octopus Group, 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 Coda Octopus Group, Inc. re-screened for Shariah compliance?

Coda Octopus Group, Inc. (CODA) 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 10, 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.