Core Scientific, Inc. (CORZ) - Not Halal (Non-Compliant)
Core Scientific, Inc. (CORZ) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- Technology
- Industry
- Software - Infrastructure
- Result
- Pass
- Reason
- The sector "Technology" and industry "Software - Infrastructure" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 91.9% | Threshold: 30% | Result: Fail
- Cash & Interest-bearing Securities Ratio
- Value: 37.8% | Threshold: 30% | Result: Fail
- Non-Permissible Income Ratio
- Value: 1.0% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 1.03%.Based on the company's financial statements, approximately 1.03% of dividend income should be donated to charity for purification. This is derived from identified interest income (1.03% of total income). Some scholars may differ on the exact calculation method.
About Core Scientific, Inc.
Core Scientific, Inc. provides infrastructure for high-density colocation services and digital asset mining in the United States. It operates through three segments: Colocation, Digital Asset Self-Mining, and Digital Asset Hosted Mining. The company offers space, power, cooling, facilities operations, security, and other services to third-party customers to support workloads for machine learning and artificial intelligence; deployment, monitoring, troubleshooting, optimization, and maintenance of its customers' digital asset mining equipment; and electrical power, repair, and other infrastructure services for its customers to operate, maintain, and mine digital assets. It is also involved in the deployment and operation of its fleet of miners within its digital infrastructure as part of a pool of users that process transactions conducted on one or more blockchain networks to receive digital assets in the form of bitcoin. It also deploys and operates its fleet of miners within its digital infrastructure as part of a pool of users that process transactions conducted on one or more blockchain networks; and provides hosting services for digital asset mining customers, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment. Core Scientific, Inc. was founded in 2017 and is headquartered in Dover, Delaware.