Is Cardinal Infrastructure Group Inc. Class A Common Stock (CDNL) halal? Halal. Based on AAOIFI screening, Cardinal Infrastructure Group Inc. Class A Common Stock passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 80/100 (Grade: A).

Cardinal Infrastructure Group Inc. Class A Common Stock

CDNL: Is Cardinal Infrastructure Group Inc. Class A Common Stock Halal?

Halal

Cardinal Infrastructure Group Inc. Class A Common Stock

NASDAQIndustrialsUS

$65.29

+6.96%

About Cardinal Infrastructure Group Inc. Class A Common Stock

Cardinal Infrastructure Group Inc. operates as a civil contracting firm, delivering essential infrastructure services throughout the United States. The company caters to a wide array of clients, spanning residential, commercial, industrial, and public sectors (including municipal and state governments). Its core capabilities include the installation of vital wet utility systems like water, sewer, and stormwater management. Additionally, Cardinal Infrastructure Group specializes in comprehensive site development services such as grading, land clearing, erosion prevention, drilling and blasting operations, and paving. Established in 2013 and headquartered in Raleigh, North Carolina, the company was previously known as Civil Infrastructure Group Inc., adopting its current name in September 2025.

Sector: Industrials 路 Industry: Industrial - Infrastructure Operations

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 12, 2026
A

Very Good

Strong compliance across all metrics

80Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Passed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap13.7% / 30.0%

Compliance History

Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

Tracked since May 2026. Updates automatically on each re-screen.

Screened: Jun 12, 2026Fiscal: Q1 2026Source: FMP

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Financial Overview

Market Cap

998.5M

Price

$65.29

Sector

Industrials

Industry

Industrial - Infrastructure Operations

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Frequently Asked Questions

Is Cardinal Infrastructure Group Inc. Class A Common Stock (CDNL) halal to invest in?
Based on AAOIFI Standard 21 screening, Cardinal Infrastructure Group Inc. Class A Common Stock (CDNL) is rated Halal with a compliance grade of A (Very Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).
Why did Cardinal Infrastructure Group Inc. Class A Common Stock get a A compliance rating?
Cardinal Infrastructure Group Inc. Class A Common Stock (CDNL) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 13.7% (limit 30%); interest-bearing deposits of 9.7% (limit 30%); prohibited income of 0.00% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Cardinal Infrastructure Group Inc. Class A Common Stock's Shariah verdict?
Cardinal Infrastructure Group Inc. Class A Common Stock's verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is Cardinal Infrastructure Group Inc. Class A Common Stock re-screened for Shariah compliance?
Cardinal Infrastructure Group Inc. Class A Common Stock (CDNL) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 12, 2026.

Screened according to AAOIFI Standard No. 21 路 For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.