Question 1

Is Clearwater Analytics Holdings, Inc. CWAN stock halal to invest in?

Accepted Answer

Yes. As of February 2026, Clearwater Analytics (CWAN) is Shariah compliant under AAOIFI Standard No. 21. It passes all four screens this month. Non-permissible income stays under 5% of revenue. Interest-bearing debt and investments each stay under 30% of market capitalisation. There are no impermissible preference shares. We re-screen every month, so the verdict can change.

Question 2

How often is Clearwater Analytics Holdings, Inc. CWAN reviewed for Shariah compliance?

Accepted Answer

Tabadulat re-screens Clearwater Analytics (CWAN) every month. Each review applies AAOIFI Shariah Standard No. 21 to the latest financial data: business activity, non-permissible income, interest-bearing investments and debt, and preference shares. Our Shariah Supervisory Board oversees the process. Ratios move with the market, so a verdict can change. App users are alerted if a holding turns non-compliant.

Question 3

Does Clearwater Analytics Holdings, Inc. CWAN pass the AAOIFI Non Permissible Income criteria?

Accepted Answer

Yes. Clearwater Analytics's income from non-permissible sources stays below AAOIFI's 5% ceiling in the February 2026 screening. The screen covers interest, conventional finance, alcohol, gambling and tobacco. Small incidental amounts are allowed, but they must be purified: investors donate that share of dividends to charity. We re-check this screen every month.

Question 4

Does Clearwater Analytics Holdings, Inc. CWAN pass the AAOIFI Interest Bearing Investments criteria?

Accepted Answer

Yes. Clearwater Analytics's interest-bearing investments stay below 30% of market capitalisation in the February 2026 screening, inside the AAOIFI limit. This covers conventional deposits, bonds and money-market instruments. The ratio is measured against market capitalisation, so it moves with the share price. That is why we re-screen every month.

Question 5

Does STOCK  pass the AAOIFI Interest Bearing Debt criteria?

Accepted Answer

Yes. Clearwater Analytics's interest-bearing debt stays below 30% of market capitalisation in the February 2026 screening, inside the AAOIFI limit. The cap limits shareholders' exposure to interest-based leverage. Because market capitalisation changes daily, the ratio can drift without any new borrowing. We re-screen every month.

Question 6

How can I check the latest Shariah compliance status of Clearwater Analytics Holdings, Inc. stock?

Accepted Answer

The current purification factor for Clearwater Analytics (CWAN) is shown in the Tabadulat app. Purification (Tazkiyah) means donating the small impure share of each dividend to charity. AAOIFI asks for it even on compliant stocks, because most companies earn a little incidental interest. The factor is recalculated in every monthly screening.

Question 7

Can the Shariah compliance status of Clearwater Analytics Holdings, Inc. stock change?

Accepted Answer

Yes. Clearwater Analytics has no impermissible preference share structure, so it passes this AAOIFI screen as of February 2026. Preference shares promise holders fixed or priority dividends ahead of ordinary shareholders. That conflicts with the Shariah principle of sharing profit and loss in proportion to ownership. The screen is verified in every monthly review.

Is Clearwater Analytics (CWAN) stock Halal?

Frequently asked questions

Shariah Compliant in core.

Sheikh Muhammad Ahmad Sultan

Sheikh Dr. Irshad Ahmad Aijaz

Sheikh Dr. Salah Fahad Al Shalhoob

Our fatwa is public. Read it, then verify it with the issuing body in one check

Cross-check us with an independent AI. The questions already written.

Is Clearwater Analytics (CWAN) stock Halal?

Frequently asked questions

Is Clearwater Analytics Holdings, Inc. CWAN stock halal to invest in?

How often is Clearwater Analytics Holdings, Inc. CWAN reviewed for Shariah compliance?

Does Clearwater Analytics Holdings, Inc. CWAN pass the AAOIFI Non Permissible Income criteria?

Does Clearwater Analytics Holdings, Inc. CWAN pass the AAOIFI Interest Bearing Investments criteria?

Does STOCK pass the AAOIFI Interest Bearing Debt criteria?

How can I check the latest Shariah compliance status of Clearwater Analytics Holdings, Inc. stock?

Can the Shariah compliance status of Clearwater Analytics Holdings, Inc. stock change?

Shariah Compliant in core.

Sheikh MuhammadAhmad Sultan

Sheikh Dr. IrshadAhmad Aijaz

Sheikh Dr. Salah FahadAl Shalhoob

Sheikh Muhammad Ahmad Sultan

Sheikh Dr. Irshad Ahmad Aijaz

Sheikh Dr. Salah Fahad Al Shalhoob

Our fatwa is public. Read it, then verify it with the issuing body in one check

Cross-check us with an independent AI. The questions already written.

Sheikh Muhammad
Ahmad Sultan

Sheikh Dr. Irshad
Ahmad Aijaz

Sheikh Dr. Salah Fahad
Al Shalhoob