What is Clearwater Analytics Holdings, Inc.'s Shariah compliance score?

Clearwater Analytics Holdings, Inc. (CWAN) has a Shariah compliance score of 89/100 (Grade: A, Very Good) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Clearwater Analytics Holdings, Inc. pass AAOIFI screening?

Clearwater Analytics Holdings, Inc. (CWAN) passes 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% (CWAN: 12.1%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 8,200+ stocks at halalscreener.app.

How much purification is needed for Clearwater Analytics Holdings, Inc. stock?

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 exact percentage and amount for Clearwater Analytics Holdings, Inc. (CWAN) using the latest financial data.

Where can I screen Clearwater Analytics Holdings, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Clearwater Analytics Holdings, Inc. (CWAN) and 7,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about CWAN's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

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CWAN: Is Clearwater Analytics Holdings, Inc. Halal?

Clearwater Analytics Holdings, Inc.

NYSETechnologyUS

$24.56

Price as of Sep 1, 2026

Market Cap: 7.3B

Compliance Status

Halal

Screened on Sep 8, 2026 · AAOIFI Standard 21

Very Good

89Score

Is Clearwater Analytics Holdings, Inc. (CWAN) halal? Halal. Based on AAOIFI screening, Clearwater Analytics Holdings, Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 89/100 (Grade: A).

Quote this verdict

HalalScreener rates Clearwater Analytics Holdings, Inc. (CWAN) Halal, 89/100, grade A under AAOIFI Standard 21, screened Sep 8, 2026. Source: https://halalscreener.app/en/stock/CWAN

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%.

12.1% 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.

Screened according to AAOIFI Standard 21

What this means for you

You can own CWAN

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

Purification amount is Pro

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

Get an email if CWAN's halal status changes

We re-screen Clearwater Analytics Holdings, Inc. daily. If the verdict moves, you hear about it the same day.

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About Clearwater Analytics Holdings, Inc.

Clearwater Analytics Holdings, Inc. offers a cloud-based (Software-as-a-Service) platform engineered to automate and centralize the entire lifecycle of investment data. This encompasses aggregation, reconciliation, comprehensive accounting, and detailed reporting capabilities for a diverse clientele, including insurers, asset managers, corporations, institutional investors, and government entities. Their robust suite of solutions spans critical areas such as investment accounting and reporting, performance measurement, continuous compliance monitoring, and sophisticated risk analytics. A core offering, Clearwater Prism, grants users self-service access to consolidated data feeds originating from various systems—both Clearwater's proprietary platforms and those of external third-party vendors—covering accounting, compliance, performance, and risk domains. It also facilitates highly adaptable reporting functionalities for different stakeholders. Established in 2021, the company's headquarters are located in Boise, Idaho.

Sector: Technology · Industry: Software - Application

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 8, 2026

Want to check the math yourself?

The verdict above is final and free. Pro members can verify every ratio behind it: interest-bearing deposits, prohibited income breakdown, and the full math.

Free for 7 days. Cancel anytime.

AI Compliance Insight

PRO

Institutional-grade Shariah analysis

See why CWAN is rated Halal with institutional-grade analysis

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.

Screened according to AAOIFI Standard 21

Compliance History

Halalnow
since Jun 2026
Not Halal
until the change above

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

Fiscal: FY 2025Data source: FMP

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Frequently Asked Questions

Is Clearwater Analytics Holdings, Inc. (CWAN) halal to invest in?

Based on AAOIFI Standard 21 screening, Clearwater Analytics Holdings, Inc. (CWAN) is rated Halal with a compliance grade of A (Very Good). 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 Clearwater Analytics Holdings, Inc. get a A compliance rating?

Clearwater Analytics Holdings, Inc. (CWAN) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 12.1% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Clearwater Analytics Holdings, Inc.'s Shariah verdict?

Clearwater Analytics Holdings, 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 Clearwater Analytics Holdings, Inc. re-screened for Shariah compliance?

Clearwater Analytics Holdings, Inc. (CWAN) 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: Sep 8, 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.