What is Consolidated Water Co. Ltd.'s Shariah compliance score?

Consolidated Water Co. Ltd. (CWCO) has a Shariah compliance score of 69/100 (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 Consolidated Water Co. Ltd. pass AAOIFI screening?

Consolidated Water Co. Ltd. (CWCO) 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% (CWCO: 0.0%), (3) interest-bearing deposits below 30% (CWCO: 25.9%), and (4) prohibited income below 5% (CWCO: 1.8%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Consolidated Water Co. Ltd. stock?

Consolidated Water Co. Ltd. (CWCO) has a non-permissible income ratio of 1.83%. Muslim investors should purify this percentage of any dividends received and capital gains realized from CWCO 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 Consolidated Water Co. Ltd. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Consolidated Water Co. Ltd. (CWCO) 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 CWCO's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Consolidated Water Co. Ltd. (CWCO) halal? Doubtful. Based on AAOIFI screening, Consolidated Water Co. Ltd. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 69/100 (Grade: B).

CWCO: Is Consolidated Water Co. Ltd. Halal?

Doubtful

Consolidated Water Co. Ltd.

NASDAQUtilitiesKY

$30.00

-0.17%

AvoidBorderlineClean

Purify ~1.8% of income

About Consolidated Water Co. Ltd.

Consolidated Water Co. Ltd., together with its subsidiaries, designs, constructs, manages, and operates water production and water treatment plants primarily in the Cayman Islands, the Bahamas, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing. It uses reverse osmosis technology to produce potable water from seawater. The company produces and supplies water to end-users, including residential, commercial, and government customers, as well as government-owned distributors. It also provides design, engineering, construction, procurement, and management services for desalination projects and water treatment plants, as well as management and engineering services relating to municipal water distribution and treatment. In addition, the company manufactures and services a range of water-related products, including reverse osmosis desalination equipment, membrane separation equipment, filtration equipment, piping systems, vessels, and custom fabricated components; and provides design, engineering, consulting, management, inspection, training, and equipment maintenance services for commercial, municipal, and industrial water production, supply, and treatment, as well as desalination and wastewater treatment. Consolidated Water Co. Ltd. was incorporated in 1973 and is headquartered in Grand Cayman, the Cayman Islands.

Sector: Utilities · Industry: Regulated Water

Why This Stock Is Doubtful

Interest-bearing deposits are 25.9% of market cap, only 4.1 points below the 30% 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 17, 2026

Acceptable

Acceptable but room for improvement

69Score

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 Cap0.0% / 30.0%

Compliance History

Doubtful, unchanged since May 2026.

No status changes recorded since we began tracking.

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

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

Purify Your CWCO Dividends

1.8% non-compliant income

CWCO has 1.8% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

480.0M

Price

$30.00

Sector

Utilities

Industry

Regulated Water

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Frequently Asked Questions

Is Consolidated Water Co. Ltd. (CWCO) halal to invest in?

Consolidated Water Co. Ltd. (CWCO) 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 Consolidated Water Co. Ltd. get a B compliance rating?

Consolidated Water Co. Ltd. (CWCO) received a grade of B (Acceptable) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.0% (limit 30%); interest-bearing deposits of 25.9% (limit 30%); prohibited income of 1.83% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Consolidated Water Co. Ltd.'s Shariah verdict?

Consolidated Water Co. Ltd.'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 Consolidated Water Co. Ltd. re-screened for Shariah compliance?

Consolidated Water Co. Ltd. (CWCO) 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.