Casella Waste Systems, Inc.

CWST: Is Casella Waste Systems, Inc. Halal?

Casella Waste Systems, Inc.

NASDAQIndustrialsUS

$98.88

-0.13%

Market Cap: 6.2B

Compliance Status

Halal

Screened on Jul 16, 2026 · AAOIFI Standard 21

B+

Good

79Score

Is Casella Waste Systems, Inc. (CWST) halal? Halal. Based on AAOIFI screening, Casella Waste Systems, Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 79/100 (Grade: B+).

Business activity

What the company sells is permissible.

Passed

Company debt

Within the limit

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

18.7% of 30.0% limit

What this means for you

You can own CWST

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

Purify 0.8% of your income from CWST

That is about $0.80 of every $100 you earn from it. Donate this share to charity.

Calculate my exact amount

About Casella Waste Systems, Inc.

Casella Waste Systems, Inc., along with its subsidiaries, operates as a vertically integrated solid waste management firm across the northeastern United States. The company specializes in comprehensive waste and resource management solutions, encompassing solid waste collection, transfer, disposal, recycling, and organic waste services. These offerings cater to a diverse clientele, including residential, commercial, municipal, institutional, and industrial customers. Its operations specifically address non-hazardous solid waste, from initial collection through its extensive network of transfer stations to final disposal facilities. Casella also markets a variety of processed recyclables, such as metals (including aluminum), plastics, and paper products like corrugated cardboard, sourced from both its own processing centers and third-party acquisitions. Furthermore, the company engages in commodity brokerage. As of January 31, 2022, its significant infrastructure included 50 solid waste collection operations, 65 transfer stations, 23 recycling facilities, 8 Subtitle D landfills, 3 landfill gas-to-energy facilities, and 1 landfill dedicated to construction and demolition materials. Casella Waste Systems, Inc. was founded in 1975 and is headquartered in Rutland, Vermont.

Sector: Industrials · Industry: Waste Management

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 16, 2026

Compliance History

Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q1 2026Data source: EDGAR

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Frequently Asked Questions

Is Casella Waste Systems, Inc. (CWST) halal to invest in?
Based on AAOIFI Standard 21 screening, Casella Waste Systems, Inc. (CWST) is rated Halal with a compliance grade of B+ (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 Casella Waste Systems, Inc. get a B+ compliance rating?
Casella Waste Systems, Inc. (CWST) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 18.7% (limit 30%); interest-bearing deposits of 2.1% (limit 30%); prohibited income of 0.81% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Casella Waste Systems, Inc.'s Shariah verdict?
Casella Waste Systems, 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 Casella Waste Systems, Inc. re-screened for Shariah compliance?
Casella Waste Systems, Inc. (CWST) 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.