Is Clearwater Analytics Holdings, Inc. (CWAN) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 12.3% / 30% | 1.3% / 30% | 2.5% / 30% | 0.5% / 5% | ✓ HALAL |
| DJIM | 12.3% / 33% | 1.3% / 33% | 2.5% / 33% | 0.5% / 5% | ✓ HALAL |
| MSCI | 28.4% / 33% | 3.0% / 33% | 5.7% / 33% | 0.5% / 5% | ✓ HALAL |
| S&P | 12.3% / 33% | 1.3% / 33% | 2.5% / 33% | 0.5% / 5% | ✓ HALAL |
| FTSE | 28.4% / 33% | 3.0% / 33% | 5.7% / 50% | 0.5% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 67.3% | |
| Operating Margin | -3.1% | |
| Net Margin | -5.3% | |
| Return on Equity (ROE) | -2.6% | |
| Return on Assets (ROA) | 0.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $176M |
| Free Cash Flow | $154M |
| Total Debt | $860M |
| Debt-to-Equity | 42.4 |
| Current Ratio | 1.8 |
| Total Assets | $3.0B |
Price & Trading
| Last Close | $23.48 |
| 50-Day MA | $23.59 |
| 200-Day MA | $21.32 |
| Avg Volume | 10.9M |
| Beta | 0.7 |
|
52-Week Range
$15.73
| |
About Clearwater Analytics Holdings, Inc. (CWAN)
Clearwater Analytics Holdings, Inc. develops and provides a Software-as-a-Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting services in the United States and internationally. It offers portfolio management, order and execution management systems (OEMS), investment accounting, reconciliation, regulatory reporting, performance measurement, compliance monitoring, and risk analytics. The company offers a single instance, multi-tenant technology platform that automates data aggregation, reconciliation, validation, and trade management. It serves insurers, asset managers, hedge funds, banks, corporations, and government entities. The company was founded in 2004 and is headquartered in Boise, Idaho.
Purification Calculator
As a halal stock with 0.50% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Clearwater Analytics Holdings, Inc. (CWAN) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Clearwater Analytics Holdings, Inc. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Clearwater Analytics Holdings, Inc.'s debt ratio?
Clearwater Analytics Holdings, Inc.'s debt ratio is 12.3% 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 28.4%.
Does Clearwater Analytics Holdings, Inc. require dividend purification?
Yes, Clearwater Analytics Holdings, Inc. has an impermissible income ratio of 0.50%, which means 0.50% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are Clearwater Analytics Holdings, Inc.'s key financial metrics?
Clearwater Analytics Holdings, Inc. has a market capitalization of $7.0B, and revenue of $731M. The company maintains a gross margin of 67.3% and a net margin of -5.3%. Return on equity stands at -2.6%.
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.