What is Clearfield, Inc.'s Shariah compliance score?

Clearfield, Inc. (CLFD) has a Shariah compliance score of 60/100 (Grade: B, Acceptable) 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 Clearfield, Inc. pass AAOIFI screening?

Clearfield, Inc. (CLFD) partially passes with caution 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% (CLFD: 0.4%), (3) interest-bearing deposits below 30% (CLFD: 19.5%), and (4) prohibited income below 5% (CLFD: 4.7%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Clearfield, Inc. stock?

Clearfield, Inc. (CLFD) has a non-permissible income ratio of 4.74%. Muslim investors should purify this percentage of any dividends received and capital gains realized from CLFD 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 Clearfield, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Clearfield, Inc. (CLFD) 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 CLFD's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Clearfield, Inc. (CLFD) halal? Doubtful. Based on AAOIFI screening, Clearfield, Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 60/100 (Grade: B).

CLFD: Is Clearfield, Inc. Halal?

Doubtful

Clearfield, Inc.

NASDAQTechnologyUS

$41.10

+2.65%

AvoidBorderlineClean

Purify ~4.7% of income

About Clearfield, Inc.

Clearfield, Inc. specializes in the development, manufacturing, and global distribution of both standard and customized passive fiber optic connectivity solutions. These products cater to a diverse clientele, including entities engaged in fiber-to-the-premises (FTTP) deployments, enterprise networks, and original equipment manufacturers (OEMs) across the United States and internationally. The company's extensive product portfolio encompasses several key lines: FieldSmart: A range of physical infrastructure components such as panels, cabinets, and wall boxes, specifically designed for housing and protecting fiber optic connections. WaveSmart: Optical components critical for managing light signals, enabling functions like coupling, splitting, termination, multiplexing, demultiplexing, and attenuation when integrated into their fiber management systems. Solutions for outdoor network installations, including outdoor and fiber active cabinet products. StreetSmart: Various fiber management products tailored for network organization. FieldShield: An innovative method for fiber pathway and protection, aimed at streamlining and reducing the expense of broadband infrastructure rollout. YOURx platform: Comprising robust hardened terminals, test access points, and diverse drop cable options, this platform supports different fiber drop cable media for various segments of the access network. CraftSmart: A series of optical protection field enclosures, including pedestals and vaults, which provide optimized housing for FieldSmart products at the last mile access point, suitable for both above-grade and below-grade installations. Clearfield also offers fiber and copper assemblies, available in industry-standard or customer-specified configurations, along with bespoke solutions for in-the-box and network connectivity tailored to specific customer product lines. Clearfield's comprehensive "fiber to anywhere" platform serves a broad spectrum of clients, from incumbent and competitive local exchange carriers, wireless operators, and multiple systems operators/cable TV companies, to utility/municipality entities, enterprises, and data centers. The company, founded in 1979 and headquartered in Minneapolis, Minnesota, operated as APA Enterprises, Inc. before officially changing its name to Clearfield, Inc. in January 2008.

Sector: Technology · Industry: Communication Equipment

Why This Stock Is Doubtful

Non-compliant income is 4.7% of revenue, only 0.3 points below the 5% limit

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 16, 2026

Acceptable

Acceptable but room for improvement

60Score

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 Cap0.4% / 30.0%

Compliance History

Doubtfulnow
since Jun 2026
Halal
until the change above

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

Screened: Jun 16, 2026Fiscal: Q2 2026Source: EDGAR

Purify Your CLFD Dividends

4.7% non-compliant income

CLFD has 4.7% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

558.5M

Price

$41.10

Sector

Technology

Industry

Communication Equipment

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Frequently Asked Questions

Is Clearfield, Inc. (CLFD) halal to invest in?

Clearfield, Inc. (CLFD) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.

Why did Clearfield, Inc. get a B compliance rating?

Clearfield, Inc. (CLFD) received a grade of B (Acceptable) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.4% (limit 30%); interest-bearing deposits of 19.5% (limit 30%); prohibited income of 4.74% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Clearfield, Inc.'s Shariah verdict?

Clearfield, 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 Clearfield, Inc. re-screened for Shariah compliance?

Clearfield, Inc. (CLFD) 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 16, 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.