Is CALM halal?
Cal-Maine Foods, Inc.
Not halal
Cal-Maine Foods, Inc. did not pass AAOIFI screening. The failed check is shown below.
Checked: 12 October 2026
Exchange
NASDAQ
Price
63.59
Day
+0.63%
Market cap
$3.01B
Industry
Farm Products
Sector
Consumer Defensive
What the company does
Cal-Maine Foods is the largest US egg producer (Eggland's Best, Land O'Lakes licenses; 50M hens), adding Echo Lake prepared egg products in 2025. Its money comes from egg sales, tracking egg prices.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $0 ÷ current market cap $3.01B = 0.0%
0.0%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $924.06M ÷ current market cap $3.01B = 30.8%
30.8%
Fail
Non-compliant income / total revenue
limit 5%
Interest income $46.17M ÷ annual revenue $2.91B (2026) = 1.6%
1.6%
Pass
Figures from the company's filings (2026-05-31), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict.
For information (AAOIFI 3/1 note): cash + receivables are 38.2% of total assets (2026-05-31). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 2 superinvestors · Average reported price: $80.56
- Bill MillerMiller Value Partners$5.0M1.2%
- First Eagle Investment Management$10.8M0.0%
Manually reviewed — clean
The industry was flagged as sensitive, so the company's filings were checked by hand on 06 October 2026. Conclusion:
Tovuq tuxumi va tuxumli tayyor mahsulotlar — cho'chqa/alkogol yo'q
Halal stocks in the same industry
The largest halal stocks in Farm Products — for comparison.
Related articles
- Halal investingBlogHaram revenue you can't see from the industry label: pork, weapons, casinosPork hides under "Packaged Foods", weapons under "Aerospace & Defense". What automated screening misses and how we catch it by hand.
- Halal investingBlogWhy a company's cash affects whether its stock is halalLots of cash sounds like a good sign — but halal screening checks it separately. What counts, what doesn't, and where we are stricter than AAOIFI.
- Halal investingBlogAAOIFI Shariah Standard No. 21 in plain languageThe most widely used standard for halal stock screening: the two-step test, the three ratios and how it differs from other methods.
Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.