What is Consolidated Water Co. Ltd.'s Shariah compliance score?

Consolidated Water Co. Ltd. (CWCO) has a Shariah compliance score of 67/100 (Grade: B, Acceptable) 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 Consolidated Water Co. Ltd. pass AAOIFI screening?

Consolidated Water Co. Ltd. (CWCO) partially passes with caution 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% (CWCO: 0.0%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for Consolidated Water Co. Ltd. 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 Consolidated Water Co. Ltd. (CWCO) using the latest financial data.

Where can I screen Consolidated Water Co. Ltd. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Consolidated Water Co. Ltd. (CWCO) and 5,100+ 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 CWCO's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

CWCO: Is Consolidated Water Co. Ltd. Halal?

Consolidated Water Co. Ltd.

NASDAQUtilitiesKY

$29.75

-1.16%

Market Cap: 476.0M

Compliance Status

Doubtful

Screened on Aug 29, 2026 · AAOIFI Standard 21

Acceptable

67Score

Is Consolidated Water Co. Ltd. (CWCO) halal? Doubtful. Based on AAOIFI screening, Consolidated Water Co. Ltd. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 67/100 (Grade: B).

Quote this verdict

HalalScreener rates Consolidated Water Co. Ltd. (CWCO) Doubtful, 67/100, grade B under AAOIFI Standard 21, screened Aug 29, 2026. Source: https://halalscreener.app/en/stock/CWCO

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

What this means for you

You may own CWCO, 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 CWCO's prohibited income, but the exact share you would need to purify is part of Pro.

About Consolidated Water Co. Ltd.

Consolidated Water Co. Ltd. (CWCO) is a specialist in providing comprehensive water solutions, primarily engaged in developing, constructing, overseeing, and operating water production and treatment facilities. Its core operations are concentrated in the Cayman Islands, the Bahamas, and the United States. A key aspect of its business involves utilizing reverse osmosis technology to convert seawater into potable (drinkable) water. The purified water is then supplied to a diverse customer base, including individual homeowners, commercial businesses, government entities, and other government-owned distribution networks. CWCO organizes its activities into four distinct divisions: Retail, Bulk, Services, and Manufacturing. Beyond direct water supply, the company offers extensive professional services. These include the design, engineering, construction, procurement, and management of various desalination projects and water treatment plants. It also provides management and engineering expertise for municipal water distribution and treatment systems. Furthermore, CWCO manufactures and services a wide array of water-related equipment. This product line features reverse osmosis desalination units, membrane separation equipment, filtration systems, piping networks, specialized vessels, and custom-fabricated components. The associated services in this manufacturing sector encompass design, engineering, consulting, project management, inspection, training, and equipment maintenance, catering to commercial, municipal, and industrial needs across water production, supply, treatment, desalination, and wastewater treatment. Established in 1973, Consolidated Water Co. Ltd. has its corporate headquarters situated in Grand Cayman, Cayman Islands.

Sector: Utilities · Industry: Regulated Water

Why This Stock Is Doubtful

Interest-bearing deposits are 27.9% of market cap, only 2.1 points below 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 Aug 29, 2026

Compliance History

Doubtfulnow
since Aug 2026
Halal
until the change above
Doubtful
until the change above

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

Fiscal: Q2 2026Data source: EDGAR

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Frequently Asked Questions

Is Consolidated Water Co. Ltd. (CWCO) halal to invest in?

Consolidated Water Co. Ltd. (CWCO) 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 Consolidated Water Co. Ltd. get a B compliance rating?

Consolidated Water Co. Ltd. (CWCO) 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 Consolidated Water Co. Ltd.'s Shariah verdict?

Consolidated Water Co. Ltd.'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 Consolidated Water Co. Ltd. re-screened for Shariah compliance?

Consolidated Water Co. Ltd. (CWCO) 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: Aug 29, 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.