What is Cadiz Inc.'s Shariah compliance score?

Cadiz Inc. (CDZI) has a Shariah compliance score of 54/100 (Grade: C+, Fair) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Cadiz Inc. pass AAOIFI screening?

Cadiz Inc. (CDZI) passes AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (CDZI: 24.6%), (3) interest-bearing deposits below 30% (CDZI: 6.8%), and (4) prohibited income below 5% (CDZI: 4.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Cadiz Inc. stock?

Cadiz Inc. (CDZI) has a non-permissible income ratio of 4.04%. Muslim investors should purify this percentage of any dividends received and capital gains realized from CDZI shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Cadiz Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Cadiz Inc. (CDZI) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about CDZI's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Cadiz Inc. (CDZI) halal? Halal. Based on AAOIFI screening, Cadiz Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 54/100 (Grade: C+).

CDZI: Is Cadiz Inc. Halal?

Halal

Cadiz Inc.

NASDAQUtilitiesUS

$4.85

+3.19%

AvoidBorderlineClean

Purify ~4% of income

About Cadiz Inc.

Cadiz Inc., together with its subsidiaries, operates as a natural resources development company in the United States. It engages in the water resource and agricultural development activities in San Bernardino County properties. The company owns approximately 35,000 acres of land in the Cadiz and Fenner valleys of eastern San Bernardino County; and approximately 11,000 acres of land in the eastern Mojave Desert portion of San Bernardino County. It is also involved in the cultivation of lemons, and spring and fall plantings of vegetables and grains. Cadiz Inc. was founded in 1983 and is headquartered in Los Angeles, California.

Sector: Utilities · Industry: Regulated Water

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 17, 2026

C+

Fair

Some financial ratios approaching limits

54Score

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 Cap24.6% / 30.0%

Compliance History

Halalnow
since Jun 2026
Not Halal
until the change above
Halal
until the change above
Not Halal
until the change above

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

Screened: Jun 17, 2026Fiscal: Q1 2026Source: EDGAR

Purify Your CDZI Dividends

4.0% non-compliant income

CDZI has 4.0% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

407.8M

Price

$4.85

Sector

Utilities

Industry

Regulated Water

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Frequently Asked Questions

Is Cadiz Inc. (CDZI) halal to invest in?

Based on AAOIFI Standard 21 screening, Cadiz Inc. (CDZI) is rated Halal with a compliance grade of C+ (Fair). 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 Cadiz Inc. get a C+ compliance rating?

Cadiz Inc. (CDZI) received a grade of C+ (Fair) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 24.6% (limit 30%); interest-bearing deposits of 6.8% (limit 30%); prohibited income of 4.04% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Cadiz Inc.'s Shariah verdict?

Cadiz Inc.'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 Cadiz Inc. re-screened for Shariah compliance?

Cadiz Inc. (CDZI) 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 17, 2026.

Screened according to AAOIFI Standard No. 21 · 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.