Is Carnival Corp. Ltd. CCL stock halal to invest in?

No, as of August 2026, Carnival Corp. Ltd. stock (CCL) is not currently classified as a Shariah compliant stock. This verdict follows the screening methodology of AAOIFI (the Accounting and Auditing Organization for Islamic Financial Institutions), whose Shariah Standard No. 21 is the leading global benchmark for screening halal stocks. To qualify as halal under this standard, a company must keep non-permissible income below 5% of total revenue, keep both interest-bearing investments and interest-bearing debt below 30% of market capitalisation, and have no impermissible preference share structure. Carnival Corp. Ltd. currently does not meet the threshold for the non-permissible income and interest-bearing debt screens. Because screenings are refreshed monthly as new financial reports are published, a non-compliant stock can regain compliant status if its financial structure changes. You can track the latest status of Carnival Corp. Ltd. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Carnival Corp. Ltd. CCL reviewed for Shariah compliance?

Tabadulat reviews Carnival Corp. Ltd. CCL for Shariah compliance every month. Each review applies the AAOIFI Shariah Standard No. 21 methodology, screening the company's business activities, non-permissible income, interest-bearing investments, interest-bearing debt, and preference shares, against the company's latest available financial data. The process operates under the direct supervision of Tabadulat's dedicated Shariah Supervisory Board of Islamic finance scholars. Because compliance depends on financial ratios that move with market capitalisation and reported results, a stock's status can change from one review to the next. Monthly screening ensures the status shown for Carnival Corp. Ltd. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.

Does Carnival Corp. Ltd. CCL pass the AAOIFI Non Permissible Income criteria?

No, as of August 2026, Carnival Corp. Ltd. stock (CCL) does not pass the AAOIFI non-permissible income screen. Under AAOIFI Shariah Standard No. 21, income from impermissible sources (such as interest or riba, conventional financial services, alcohol, gambling, or tobacco) must remain below 5% of a company's total revenue. Carnival Corp. Ltd.'s income from non-permissible sources currently exceeds this 5% ceiling, which makes the stock non-compliant on this criterion regardless of how it performs on the other screens. The screen is reassessed monthly, so the status can change when the company releases new financial statements.

Does Carnival Corp. Ltd. CCL pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Carnival Corp. Ltd. stock (CCL) passes the AAOIFI interest-bearing investments screen. Under AAOIFI Shariah Standard No. 21, the cash a company places in interest-earning instruments (such as conventional deposits, bonds, treasury bills and money-market funds) must remain below 30% of its market capitalisation. This limit ensures shareholders are not materially profiting from riba (interest). Carnival Corp. Ltd.'s interest-bearing investments are currently within the 30% threshold. Because the ratio is measured against market capitalisation, it can move with the share price as well as the balance sheet, which is why Tabadulat rescreens the stock every month.

Does Carnival Corp. Ltd. CCL pass the AAOIFI Interest Bearing Debt criteria?

No, as of August 2026, Carnival Corp. Ltd. stock (CCL) does not pass the AAOIFI interest-bearing debt screen. Under AAOIFI Shariah Standard No. 21, a company's borrowings that accrue interest (conventional bank loans, bonds and similar riba-based financing) must remain below 30% of its market capitalisation. Carnival Corp. Ltd.'s interest-bearing debt currently exceeds this 30% limit, meaning the company relies on riba-based financing beyond the level AAOIFI permits for a halal investment. A company can return to compliance by reducing debt or through changes in market capitalisation, and the screen is reassessed monthly.

What is the dividend purification factor for Carnival Corp. Ltd. CCL stock?

Carnival Corp. Ltd. (CCL) is currently classified as not Shariah compliant, so no dividend purification factor applies, because purification factors are calculated only for stocks that pass the AAOIFI screens. Purification (tazkiyah) is the practice of donating to charity the small portion of dividend income that stems from incidental non-permissible sources, such as interest earned on a compliant company's cash deposits. For non-compliant stocks the issue is not purification but eligibility: under AAOIFI Shariah Standard No. 21 the stock does not currently qualify as a halal investment. If Carnival Corp. Ltd. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Carnival Corp. Ltd. CCL pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Carnival Corp. Ltd. stock (CCL) passes the AAOIFI preference share screen. AAOIFI Shariah Standard No. 21 prohibits investing in preference shares because they grant holders guaranteed or priority rights to dividends and capital ahead of ordinary shareholders, a structure that conflicts with the Shariah principle that investors should share profit and loss in proportion to their ownership. Carnival Corp. Ltd. has no impermissible preference share structure affecting its ordinary shares, so the stock is compliant on this criterion. Like all AAOIFI screens, this is verified in each monthly review.

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Carnival Corp.

NYSE

Shariah-Compliant

Not Shariah

CCL

About

Carnival Corp.

CCL

Carnival Corporation is a prominent cruise line operator, known for providing exceptional leisure travel experiences across various destinations worldwide. As a major entity in the travel and tourism industry, its primary function is to offer vacation packages primarily through cruise services. The corporation operates a diverse portfolio of cruise brands, including Carnival Cruise Line, Holland America Line, and Princess Cruises, catering to different demographics and travel preferences. Carnival distinguishes itself with unique onboard experiences, ranging from family-friendly activities to luxury-oriented services, appealing to a wide range of passengers. As a key player in the maritime travel sector, it significantly contributes to the hospitality and transportation industries, outlining trends in vacation offerings and customer experiences. Market-evolving influences such as globalization and increasing travel demands underscore its importance in regional economies it serves. Headquartered in Miami, Florida, Carnival Corporation remains committed to enhancing passenger satisfaction and safety, while shaping mobility on the seas.

Sector:

Consumer Cyclical

Industry:

Travel Services

Employees:

115000

Website:

https://www.carnivalcorp.com

CCL

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Carnival Corp.

About

Carnival Corp.

CCL

Frequently asked questions

Is Carnival Corp. Ltd. CCL stock halal to invest in?

How often is Carnival Corp. Ltd. CCL reviewed for Shariah compliance?

Does Carnival Corp. Ltd. CCL pass the AAOIFI Non Permissible Income criteria?

Does Carnival Corp. Ltd. CCL pass the AAOIFI Interest Bearing Investments criteria?

Does Carnival Corp. Ltd. CCL pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Carnival Corp. Ltd. CCL stock?

Does Carnival Corp. Ltd. CCL pass the AAOIFI Preference Share screen?

Can I buy Carnival (CCL) stock on Tabadulat?

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