Is CECO halal?
CECO Environmental Corp.
Not halal
CECO Environmental Corp. did not pass AAOIFI screening. The failed check is shown below.
Checked: 16 October 2026
Exchange
NASDAQ
Price
56.72
Day
-6.31%
Market cap
$3.43B
Industry
Pollution & Treatment Controls
Sector
Industrials
What the company does
CECO Environmental makes industrial air and water treatment, noise-reduction and gas-filtration equipment for energy, chemicals and data centers. Revenue comes from equipment and projects.
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 $736.82M ÷ 36-month average market cap $1.61B = 45.6%
45.6%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $61.07M ÷ 36-month average market cap $1.61B = 3.8%
3.8%
Pass
Non-compliant income / total revenue
limit 5%
—
No data
Figures from the company's filings (2026-06-30), 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. Today's market cap: $3.43B.
For information (AAOIFI 3/1 note): cash + receivables are 17.7% of total assets (2026-06-30). 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: $90.74
- Polen Capital Management$12.5M0.1%
- First Eagle Investment Management$49.8M0.0%
Halal stocks in the same industry
The largest halal stocks in Pollution & Treatment Controls — for comparison.
Related articles
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- 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 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.