Crexendo, Inc.

CXDO: Is Crexendo, Inc. Halal?

Crexendo, Inc.

NASDAQCommunication ServicesUS

$6.09

Market Cap: 197.4M

Compliance Status

Halal

Screened on Sep 26, 2026 · AAOIFI Standard 21

A+

Excellent

90Score

Is Crexendo, Inc. (CXDO) halal? Halal. Based on AAOIFI screening, Crexendo, Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 90/100 (Grade: A+).

Quote this verdict

HalalScreener rates Crexendo, Inc. (CXDO) Halal, 90/100, grade A+ under AAOIFI Standard 21, screened Sep 26, 2026. Source: https://halalscreener.app/en/stock/CXDO

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%.

0.1% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

You can own CXDO

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

Purification amount is Pro

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

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About Crexendo, Inc.

Crexendo, Inc. (trading as CXDO) delivers a broad spectrum of cloud-based business solutions to clients across the United States, Canada, and various international regions. Their service portfolio encompasses cloud communication, unified communications as a service (UCaaS), call center capabilities, and collaborative tools. The company's operations are distinctly segmented into two main areas. The Cloud Telecommunications division is dedicated to offering communication services that enable call transmission via Internet Protocol (IP) or cloud technology. This is achieved by converting voice signals into digital data packets for efficient conveyance over the internet or cloud infrastructure. This segment also handles the resale of broadband internet services and the provision of cloud telecommunications hardware for both sale and lease. Furthermore, it supplies comprehensive hardware, software, and integrated unified communication platforms for businesses, all leveraging IP or cloud technology through high-speed internet connections. These solutions are accessible via multiple interfaces, including desktop phones, mobile applications, and desktop applications, all marketed under the Crexendo brand. Meanwhile, the Web Services segment is primarily focused on furnishing website hosting and other related professional services. Founded in 1995, the company originally operated as iMergent, Inc., before officially rebranding to Crexendo, Inc. in May 2011. Its corporate headquarters are located in Tempe, Arizona.

Sector: Communication Services · Industry: Telecommunications Services

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 26, 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.

Screened according to AAOIFI Standard 21

Compliance History

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
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Frequently Asked Questions

Is Crexendo, Inc. (CXDO) halal to invest in?
Based on AAOIFI Standard 21 screening, Crexendo, Inc. (CXDO) is rated Halal with a compliance grade of A+ (Excellent). 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 Crexendo, Inc. get a A+ compliance rating?
Crexendo, Inc. (CXDO) received a grade of A+ (Excellent) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.1% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Crexendo, Inc.'s Shariah verdict?
Crexendo, 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 Crexendo, Inc. re-screened for Shariah compliance?
Crexendo, Inc. (CXDO) 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 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.