
Is Cal-Maine Foods (CALM) stock Halal?
September 2026 AAOIFI screening result for Cal-Maine Foods, Inc. (CALM): non-permissible income, pass. Interest-bearing investments, pass. Interest-bearing debt, pass. Preference shares, pass. Dividend purification factor: 98.45%. Re-screened monthly against AAOIFI Shariah Standard No. 21.
Cal-Maine Foods is a prominent player in the agribusiness sector, primarily focusing on the production, grading, packing, marketing, and distribution of fresh shell eggs. As the largest producer of shell eggs in the United States, Cal-Maine Foods plays a crucial role in supplying a staple dietary item to a vast consumer base. The company's operations encompass a comprehensive network of farms, production facilities, and distribution channels, ensuring efficient delivery and availability across various retail and foodservice customers. Before any of that matters to a Muslim investor, one question comes first: is Cal-Maine Foods stock Halal?
Is Cal-Maine Foods Shariah compliant?
Consumer staples companies like Cal-Maine Foods face the screening question at the shelf, not the balance sheet: does any revenue come from alcohol, tobacco or other impermissible lines? AAOIFI Shariah Standard No. 21 tolerates such income only below 5% of revenue, with the financial ratios checked behind it.
Does Cal-Maine Foods pass the business activity test?
Yes. In the September 2026 screening Cal-Maine Foods holds an overall PASS, which a stock only earns when its core business clears the activity screen. The watch item is the product mix: any alcohol, tobacco or similar lines count against the 5% ceiling.
Is Cal-Maine Foods' income Halal?
Yes, within AAOIFI's tolerance. Cal-Maine Foods' income from non-permissible sources stays below 5% of revenue in the September 2026 screening, and the small impure portion is handled through purification: the factor of 98.45% tells holders of CALM what share of each dividend to keep and what remainder to donate to charity.
Does Cal-Maine Foods meet AAOIFI's debt and investment ratio requirements?
Yes. Both caps hold this month: interest bearing investments and interest bearing debt each stay below 30% of market capitalisation. Because the caps move with the share price, our Shariah Supervisory Board has CALM re-screened every month, and the result above always shows the latest verdict.
Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.
New to the four screens? Read What is Halal Investing? A Guide to Halal Stocks and Islamic Finance



