
Is Clairvest (CVG) stock Halal?
As of the September 2026 screening, Clairvest Group, Inc. (CVG) meets every AAOIFI Shariah Standard No. 21 requirement: non-permissible income, interest-bearing investments and interest-bearing debt all sit within the thresholds, and there is no impermissible preference share structure. The dividend purification factor is 99.08%. The stock is re-screened every month.
Clairvest is a private equity management company headquartered in Toronto, Canada, specializing in investments in small to mid-sized entrepreneurial businesses. Its business model centers on partnership-driven value creation, often taking minority or aligned equity positions and providing guidance, operational expertise, and strategic support to management teams. Clairvest’s portfolio reflects a diverse array of sectors, including gaming and casinos, healthcare, equipment rental, waste management, aerospace, agriculture, renewable energy, and more. For Muslim investors, though, the most pressing question is simpler: is Clairvest a Halal investment?
Is Clairvest Shariah compliant?
Finance is the sector where Shariah screening does the most work, because Riba is not incidental here, it can be the product itself. Clairvest passes the business activity screen only if its revenue comes from permissible services rather than lending at interest, and the financial screens of AAOIFI Shariah Standard No. 21 still apply in full.
Does Clairvest pass the business activity test?
Yes. In the September 2026 screening Clairvest holds an overall PASS, which a stock only earns when its core business clears the activity screen. The watch item in this sector is the sharpest of all: revenue must come from permissible services, not from lending at interest.
Is Clairvest's income Halal?
Yes, within AAOIFI's tolerance. Clairvest's 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 99.08% tells holders of CVG what share of each dividend to keep and what remainder to donate to charity.
Does Clairvest 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 CVG 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 Riba? A Clear Guide for Ethical Muslim Investing



