What is Copa Holdings, S.A.'s Shariah compliance score?

Copa Holdings, S.A.'s (CPA) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Copa Holdings, S.A. pass AAOIFI screening?

Copa Holdings, S.A. (CPA) does not pass 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% (CPA: 43.4%), (3) interest-bearing deposits below 30% (CPA: 22.7%), and (4) prohibited income below 5% (CPA: 1.7%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Copa Holdings, S.A. stock?

Copa Holdings, S.A. (CPA) has a non-permissible income ratio of 1.73%. Muslim investors should purify this percentage of any dividends received and capital gains realized from CPA 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 Copa Holdings, S.A. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Copa Holdings, S.A. (CPA) 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 CPA's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Copa Holdings, S.A. (CPA) halal? Not Halal. Based on AAOIFI screening, Copa Holdings, S.A. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

CPA: Is Copa Holdings, S.A. Halal?

Not Halal

Copa Holdings, S.A.

NYSEIndustrialsUS

$136.83

-2.54%

AvoidBorderlineClean

About Copa Holdings, S.A.

Copa Holdings, S.A., through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 204 daily scheduled flights to 69 destinations in 29 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2021, it operated a fleet of 91 aircraft comprising 77 Boeing 737-Next Generation aircraft and 14 Boeing 737 MAX 9 aircraft. Copa Holdings, S.A. was founded in 1947 and is based in Panama City, Panama.

Sector: Industrials · Industry: Airlines, Airports & Air Services

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 2026

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Passed

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

Financial Ratio Screen

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap43.4% / 30.0%

Compliance History

Not Halal, unchanged since Jun 2026.

No status changes recorded since we began tracking.

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

Screened: Jun 18, 2026Fiscal: FY 2025Source: FMP

Financial Overview

Market Cap

5.6B

Price

$136.83

Sector

Industrials

Industry

Airlines, Airports & Air Services

Halal Alternatives in Industrials

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

FASTA+

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ODFLA+

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Saia, Inc.

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ADURA+

Aduro Clean Technologies Inc.

$13.86

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PHOEA+

Phoenix Asia Holdings Limited Ordinary Shares

$15.76

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Frequently Asked Questions

Is Copa Holdings, S.A. (CPA) halal to invest in?

Copa Holdings, S.A. (CPA) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Copa Holdings, S.A. get a F compliance rating?

Copa Holdings, S.A. (CPA) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 43.4% (limit 30%); interest-bearing deposits of 22.7% (limit 30%); prohibited income of 1.73% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Copa Holdings, S.A.'s Shariah verdict?

Copa Holdings, S.A.'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 Copa Holdings, S.A. re-screened for Shariah compliance?

Copa Holdings, S.A. (CPA) 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 18, 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.