CaliberCos Inc.

CWD: Is CaliberCos Inc. Halal?

CaliberCos Inc.

NASDAQFinancial ServicesUS

$0.58

+6.76%

Market Cap: 4.9M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is CaliberCos Inc. (CWD) halal? Not Halal. Based on AAOIFI screening, CaliberCos Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

2011.5% of 30.0% limit

What this means for you

Most scholars advise not holding CWD

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About CaliberCos Inc.

CaliberCos Inc., established in 2009 and headquartered in Scottsdale, Arizona, functions as a real estate investment and asset management firm with a specific focus on middle-market assets. The company caters to a sophisticated client base, including high-net-worth, accredited, and qualified investors, family offices, and smaller institutions, by offering a comprehensive range of alternative investment solutions. Through its dedicated in-house asset services group, CaliberCos develops, oversees, and maintains proprietary investment vehicles such as middle-market funds, private syndications, and direct investments. Its core investment strategy targets commercial real estate, Qualified Opportunity Zones (QOZs), private equity ventures, and various debt facilities.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

Compliance History

Not Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q2 2026Data source: EDGAR

Halal Alternatives in Financial Services

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

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Frequently Asked Questions

Is CaliberCos Inc. (CWD) halal to invest in?
CaliberCos Inc. (CWD) 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 CaliberCos Inc. get a F compliance rating?
CaliberCos Inc. (CWD) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 2011.5% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change CaliberCos Inc.'s Shariah verdict?
CaliberCos 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 CaliberCos Inc. re-screened for Shariah compliance?
CaliberCos Inc. (CWD) 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 26, 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.