Is Clover Health Investments Corp. CLOV stock halal to invest in?

No, as of August 2026, Clover Health Investments Corp. stock (CLOV) 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. Clover Health Investments Corp. currently does not meet the threshold for the non-permissible income screen. 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 Clover Health Investments Corp. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Clover Health Investments Corp. CLOV reviewed for Shariah compliance?

Tabadulat reviews Clover Health Investments Corp. CLOV 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 Clover Health Investments Corp. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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 Clover Health Investments Corp. CLOV pass the AAOIFI Non Permissible Income criteria?

No, as of August 2026, Clover Health Investments Corp. stock (CLOV) 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. Clover Health Investments Corp.'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 Clover Health Investments Corp. CLOV pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Clover Health Investments Corp. stock (CLOV) 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). Clover Health Investments Corp.'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 Clover Health Investments Corp. CLOV pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, Clover Health Investments Corp. stock (CLOV) passes 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. This cap limits shareholders' exposure to interest-based leverage. Clover Health Investments Corp.'s interest-bearing debt is currently within the 30% threshold. Because market capitalisation changes daily, a company's debt ratio can drift toward or away from the limit even without new borrowing, which is why this screen is reassessed every month.

What is the dividend purification factor for Clover Health Investments Corp. CLOV stock?

Clover Health Investments Corp. (CLOV) 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 Clover Health Investments Corp. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Clover Health Investments Corp. CLOV pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Clover Health Investments Corp. stock (CLOV) 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. Clover Health Investments Corp. 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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العربية

Clover Health Investments Corp.

NASDAQ

Shariah-Compliant

Not Shariah

CLOV

About

Clover Health Investments Corp.

CLOV

Clover Health Investments Corp. is a next-generation healthcare technology company focusing on Medicare Advantage plans. The primary purpose of Clover Health is to democratize healthcare for seniors by utilizing advanced data analytics to improve outcomes and reduce costs. By leveraging its proprietary software platform, the Clover Assistant, the company supports healthcare providers in delivering more personalized and effective care to Medicare beneficiaries. Clover Health operates predominantly in the U.S. healthcare sector, impacting various industries including medical technology, insurance, and elder care. The company aims to streamline health services and make healthcare more accessible, emphasizing preventive care and chronic disease management. By integrating technology with healthcare, Clover Health addresses inefficiencies in traditional insurance models, positioning itself as a significant player in the evolving digital health space. As part of its market role, Clover Health represents a shift towards value-based care and reflects broader industry trends of incorporating tech-driven solutions to enhance patient care. Its approach to blending technology and healthcare aligns with the increasing demand for innovative, cost-effective health services.

Sector:

Healthcare

Industry:

Healthcare Plans

Employees:

570

Website:

https://www.cloverhealth.com

CLOV

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Clover Health Investments Corp.

About

Clover Health Investments Corp.

CLOV

Frequently asked questions

Is Clover Health Investments Corp. CLOV stock halal to invest in?

How often is Clover Health Investments Corp. CLOV reviewed for Shariah compliance?

Does Clover Health Investments Corp. CLOV pass the AAOIFI Non Permissible Income criteria?

Does Clover Health Investments Corp. CLOV pass the AAOIFI Interest Bearing Investments criteria?

Does Clover Health Investments Corp. CLOV pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Clover Health Investments Corp. CLOV stock?

Does Clover Health Investments Corp. CLOV pass the AAOIFI Preference Share screen?

Can I buy Clover Health Investments (CLOV) stock on Tabadulat?

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