Is Core Scientific (CORZ) stock halal?
Screened against AAOIFI Shari’ah Standard 21
No. Core Scientific (CORZ) does not pass the AAOIFI Shari’ah Standard 21 screen. Its main business is conventional banking, lending or insurance (SEC industry code 6199 (Finance Services)), which AAOIFI Shari’ah Standard 21 excludes (3/4/1). Last checked 27 September 2026.
Core Scientific is not compliant under Halal / Islamic guidelines
AAOIFI Shari’ah Standard 21 Financial Audit
Figures from the latest annual report (the SEC filing or, for European companies, the ESEF annual report, where one exists, checked against Yahoo Finance) and a 36-month average market value.
| Test | Standard Limit | Actual Figure | Status |
|---|---|---|---|
| Main business | — | — | Fail |
| Interest-bearing debt | 30% | 26.74% | Pass |
| Cash and interest-bearing investments | 30% | 7.16% | Pass |
| Prohibited income | 5% | 1.03% | Pass |
| Not just cash and debts | 90% | 27.62% | Pass |
Key Findings & Observations
- Its main business is conventional banking, lending or insurance (SEC industry code 6199 (Finance Services)), which AAOIFI Shari’ah Standard 21 excludes (3/4/1).Source: Business check
- Crypto mining can be linked to speculative practices that conflict with Shariah prohibitions on gambling and excessive uncertainty.Source: News Analyzer
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Frequently Asked Questions about Core Scientific, Inc. (CORZ)
Is Core Scientific (CORZ) stock halal?▾
No. Core Scientific (CORZ) does not pass the AAOIFI Shari’ah Standard 21 screen. Its main business is conventional banking, lending or insurance (SEC industry code 6199 (Finance Services)), which AAOIFI Shari’ah Standard 21 excludes (3/4/1). Last checked 27 September 2026.
What is Core Scientific's debt ratio under Islamic finance standards?▾
Under AAOIFI Shari’ah Standard 21, interest-bearing debt must stay under 30% of a company's 36-month average market value. Core Scientific's ratio is about 26.7%.
How much dividend purification is required for Core Scientific (CORZ) stock?▾
Core Scientific does not pass the screen, so purification does not apply: the standard does not permit holding it.
Does Core Scientific operate in prohibited business activities?▾
AAOIFI Shari’ah Standard 21 excludes companies whose main business is prohibited, such as alcohol, pork, gambling, conventional interest-based finance and adult entertainment. Core Scientific's main business is checked against these. For companies that file with the US SEC, revenue by division is also read from the filing, so a division in a prohibited business is counted. Where the check cannot be settled, the result is shown as Needs Review rather than guessed.
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