Is CVSA halal?
Covista Inc.
Halal
Covista Inc. passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 14 October 2026
Exchange
NYSE
Price
126.75
Day
-0.39%
Market cap
$4.37B
Industry
Education & Training Services
Sector
Consumer Defensive
What the company does
Covista (formerly Adtalem, earlier DeVry) is the largest US healthcare educator: Chamberlain (nursing), Walden University, and the Ross medical and veterinary schools (100,000 students). Its money comes from tuition.
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 $662.85M ÷ 36-month average market cap $3.53B = 18.8%
18.8%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $406.32M ÷ 36-month average market cap $3.53B = 11.5%
11.5%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $5.46M ÷ annual revenue $1.95B (2026) = 0.3%
0.3%
Pass
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: $4.37B.
For information (AAOIFI 3/1 note): cash + receivables are 19.1% 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
- Among halal stocks
- 0.01% · #604 of 1454
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 1 superinvestors · Average reported price: $124.66
- John RogersAriel Investments$220.9M2.2%
Halal stocks in the same industry
The largest halal stocks in Education & Training Services — for comparison.
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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.