Is Cornerstone Strategic Investment Fund, Inc. (CLM) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Asset Management | ✗ NOT HALAL | |||
| DJIM | Excluded — Asset Management | ✗ NOT HALAL | |||
| MSCI | Excluded — Asset Management | ✗ NOT HALAL | |||
| S&P | Excluded — Asset Management | ✗ NOT HALAL | |||
| FTSE | Excluded — Asset Management | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 100.0% | |
| Operating Margin | 3.5% | |
| Net Margin | 1196.5% | |
| Return on Equity (ROE) | 16.7% | |
| Return on Assets (ROA) | 0.2% |
Cash Flow & Balance Sheet
| Current Ratio | 0.6 |
| Total Assets | $1.7B |
Price & Trading
| Last Close | $7.11 |
| 50-Day MA | $7.78 |
| 200-Day MA | $8.09 |
| Avg Volume | 2.6M |
| Beta | 1.2 |
|
52-Week Range
$6.06
| |
About Cornerstone Strategic Investment Fund, Inc. (CLM)
Cornerstone Strategic Value Fund, Inc. is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, LLC. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value and growth stocks of companies. It also invests through other closed-end investment companies and ETF's. Cornerstone Strategic Value Fund, Inc. was formed on May 1, 1987 and is domiciled in the United States.
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Frequently Asked Questions
Is Cornerstone Strategic Investment Fund, Inc. (CLM) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Cornerstone Strategic Investment Fund, Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Cornerstone Strategic Investment Fund, Inc.'s debt ratio?
Cornerstone Strategic Investment Fund, Inc.'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are Cornerstone Strategic Investment Fund, Inc.'s key financial metrics?
Cornerstone Strategic Investment Fund, Inc. has a market capitalization of $2.1B, trailing P/E ratio of 6.4, and revenue of $376M. The company maintains a gross margin of 100.0% and a net margin of 1196.5%. Return on equity stands at 16.7%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.