CS Disco, Inc.

LAW: Is CS Disco, Inc. Halal?

CS Disco, Inc.

NYSETechnologyUS

$4.34

-1.59%

Market Cap: 278.3M

Compliance Status

Not Halal

Screened on Aug 29, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

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

Quote this verdict

HalalScreener rates CS Disco, Inc. (LAW) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Aug 29, 2026. Source: https://halalscreener.app/en/stock/LAW

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%.

2.5% of 30.0% limit

What this means for you

Most scholars advise not holding LAW

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About CS Disco, Inc.

CS Disco, Inc. is a legal technology innovator that leverages cloud-native infrastructure and artificial intelligence to deliver advanced solutions. These solutions support electronic discovery, legal document analysis, and comprehensive case management for a broad client base, including corporations, law firms, legal service providers, and governmental entities. Among its key offerings is DISCO Ediscovery, which streamlines the entire e-discovery lifecycle. This platform significantly reduces the manual effort typically involved in gathering, processing, enhancing, searching, examining, interpreting, and presenting critical enterprise data relevant to legal proceedings. Additionally, DISCO Review employs artificial intelligence to consistently provide efficient and accurate document analysis. The suite further includes DISCO Case Builder, a collaborative tool that empowers legal professionals to construct robust cases by centralizing the search, organization, and review of witness depositions, evidence, and other pertinent legal information. These powerful tools find application across diverse legal contexts, such as litigation support, internal investigations, regulatory compliance, and due diligence efforts. Established in Austin, Texas, in 2012, CS Disco, Inc. maintains its headquarters there.

Sector: Technology · Industry: Software - Application

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 29, 2026

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q2 2026Data source: EDGAR

Halal Alternatives in Technology

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Frequently Asked Questions

Is CS Disco, Inc. (LAW) halal to invest in?
CS Disco, Inc. (LAW) 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 CS Disco, Inc. get a F compliance rating?
CS Disco, Inc. (LAW) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 2.5% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change CS Disco, Inc.'s Shariah verdict?
CS Disco, 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 CS Disco, Inc. re-screened for Shariah compliance?
CS Disco, Inc. (LAW) 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.