Is Clearwater Paper Corp (CLW) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 151.8% / 30% | 13.0% / 30% | 82.8% / 30% | 0.12% / 5% | ✗ NOT HALAL |
| DJIM | 151.8% / 33% | 13.0% / 33% | 82.8% / 33% | 0.12% / 5% | ✗ NOT HALAL |
| MSCI | 22.6% / 33% | 1.9% / 33% | 12.3% / 33% | 0.12% / 5% | ✓ HALAL |
| S&P | 151.8% / 33% | 13.0% / 33% | 82.8% / 33% | 0.12% / 5% | ✗ NOT HALAL |
| FTSE | 22.6% / 33% | 1.9% / 33% | 12.3% / 50% | 0.12% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 7.5% | |
| Operating Margin | 2.6% | |
| Net Margin | -1.2% | |
| Return on Equity (ROE) | -6.3% | |
| Return on Assets (ROA) | 0.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $12M |
| Free Cash Flow | -$76M |
| Total Debt | $358M |
| Debt-to-Equity | 47.3 |
| Current Ratio | 2.4 |
| Total Assets | $1.6B |
Price & Trading
| Last Close | $14.29 |
| 50-Day MA | $15.81 |
| 200-Day MA | $20.25 |
| Avg Volume | 239K |
| Beta | 0.2 |
|
52-Week Range
$12.44
| |
About Clearwater Paper Corp (CLW)
Clearwater Paper Corporation manufactures and supplies solid bleached sulfate (SBS) paperboard packaging products in the United States and internationally. The company offers SBS paperboard for use in folding cartons, food service, and commercial printing items; folding carton paperboards, such as blister, carded packaging, and top sheet products; food service paperboard, including liquid packaging, and cup and plate categories, as well as rigid containers comprising juice, milk, and wine; and custom sheeting and slitting of paperboard products. It serves packaging converters through sales managers. The company was founded in 1926 and is headquartered in Spokane, Washington.
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Frequently Asked Questions
Is Clearwater Paper Corp (CLW) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Clearwater Paper Corp 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 Clearwater Paper Corp's debt ratio?
Clearwater Paper Corp's debt ratio is 151.8% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 22.6%.
What are Clearwater Paper Corp's key financial metrics?
Clearwater Paper Corp has a market capitalization of $227M, and revenue of $1.6B. The company maintains a gross margin of 7.5% and a net margin of -1.2%. Return on equity stands at -6.3%.
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.