CaliberCos Inc. (CWD) - Not Halal (Non-Compliant)
CaliberCos Inc. (CWD) 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
- Financial Services
- Industry
- Asset Management
- Result
- Doubtful
- Reason
- This company requires further review: the industry "Asset Management" has mixed revenue streams that require further analysis. The sector "Financial Services" is not categorically excluded, but deeper analysis is recommended.
Financial Ratios
- Debt Ratio
- Value: 950.8% | Threshold: 30% | Result: Fail
- Cash & Interest-bearing Securities Ratio
- Value: 14.2% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 1.8% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 1.77%.Based on the company's financial statements, approximately 1.77% of dividend income should be donated to charity for purification. This is derived from identified interest income (1.77% of total income). Some scholars may differ on the exact calculation method.
About CaliberCos Inc.
CaliberCos Inc. is a real estate investment firm specializing in Core, Core Plus, Value Add, and Opportunistic strategies. The firm targets investments in middle-market commercial real estate sectors, including multifamily, hospitality, self-storage, and medical office properties. It focuses on growth markets in the Southwest and Southeast regions of the United States, specifically targeting Arizona, Colorado, Texas, Utah, Nevada, and Idaho. The firm typically targets middle-market assets valued between $5 million and $50 million. It operates a vertically integrated model spanning acquisitions, development, construction, asset management, and disposition. It co-invests alongside its partners and utilizes investment structures including private funds, private syndications, externally managed real estate investment trusts (REITs), and tenancy-in-common (TIC) agreements. It typically targets a holding period of five to seven years for its projects. It seeks to exit investments through asset sales or refinancings to harvest gains for investors. CaliberCos Inc. was founded in 2009 and is based in Scottsdale, Arizona.