Is CSX Corporation (CSX) stock halal?

CSX Corporation is conditional under our screen — one or more lines need filing-level verification before treating it as clearly halal or not halal.

Does CSX Corporation pass the AAOIFI financial ratio screen?

As of 2026-03-31: interest-bearing debt is 21.3% of market cap (limit < 30%); cash plus interest-bearing securities is 1.3% (limit < 30%). The impermissible-income line is verified against the annual filing where noted on this page.

Is CSX Corporation held in halal ETFs like SPUS or HLAL?

Check the scholar/screener positions and sources on this page for current SPUS, HLAL, Zoya, and Musaffa statuses.

Is CSX Stock Halal? CSX Corporation (CSX) passes the screens we can compute (data as of 2026-03-31) — interest-bearing debt / market cap 21.3%, cash + interest-bearing securities / market cap 1.3%, impermissible income / total revenue 0.0% — but one screen requires case-by-case judgment. Reviewed 2026-06-15. Published by HalalWallet.

Is CSX Stock Halal?

Q: Is CSX Stock Halal?

All 2 halal screening authorities with a published position rate CSX Corporation doubtful. Conditional: CSX Corporation (CSX) passes the screens we can compute (data as of 2026-03-31) — interest-bearing debt / market cap 21.3%, cash + interest-bearing securities / market cap 1.3%, impermissible income / total revenue 0.0% — but one screen requires case-by-case judgment. (Financial data as of 2026-03-31; basis: AAOIFI Shariah standards.)

Q: Is CSX Corporation held in halal ETFs like SPUS or HLAL?

Check the scholar/screener positions and sources on this page for current SPUS, HLAL, Zoya, and Musaffa statuses.

CSX Corporation · CSX · NASDAQ

ConditionalPermissible with conditions2 authorities agree

All 2 halal screening authorities with a published position rate CSX Corporation doubtful.

CSX Corporation (CSX) passes the screens we can compute (data as of 2026-03-31) — interest-bearing debt / market cap 21.3%, cash + interest-bearing securities / market cap 1.3%, impermissible income / total revenue 0.0% — but one screen requires case-by-case judgment.

Financial data as of 2026-03-31 · Screening basis: AAOIFI · Last reviewed 2026-06-15

HalalWallet is not a Shariah authority and does not issue religious rulings. We compile the most complete public record of what Shariah scholars, screening authorities, and mainstream standards say — reproduced from primary sources with dates and citations — and let you decide.

Do the halal screening authorities agree?

Authorities agree2 of 5 authorities with a published position

HalalWallet (AAOIFI)· Doubtful
Musaffa· Doubtful

All 2 halal screening authorities with a published position rate CSX Corporation doubtful.

Stances are normalized from each authority's own dated public position. Disagreement usually reflects a methodology or standard difference (ratio timing, market-cap vs total-assets denominator), not an error. For the fund screens (Wahed/HLAL, SP Funds/SPUS), only a confirmed holding that passed the fund's screen counts as a pass — a non-holding is left blank because absence can reflect index scope.

Is CSX Stock Halal?

All 2 halal screening authorities with a published position rate CSX Corporation doubtful. CSX Corporation (CSX) passes the screens we can compute (data as of 2026-03-31) — interest-bearing debt / market cap 21.3%, cash + interest-bearing securities / market cap 1.3%, impermissible income / total revenue 0.0% — but one screen requires case-by-case judgment.

Interest-bearing debt / market cap: 21.3% (< 30%) — Pass
Cash + interest-bearing securities / market cap: 1.3% (< 30%) — Pass
Impermissible income / total revenue: 0.0% (< 5%) — Pass
Mainstream Shariah standards disagree on this company — see the cross-standard table below.
Financial ratios sourced from filings as of 2026-03-31.

How we read the evidence

HalalWallet's editorial synthesis of the screens, scholar positions, and sources documented on this page — not a religious ruling.

CSX Corporation, operating through its subsidiaries, stands as a leading provider of rail-based cargo transportation services. The open question on this name is its revenue mix — review the latest 10-K segment disclosure before treating the screen as settled.

Computed screens are mixed as of 2026-03-31: debt 21.3%, cash/securities 1.3%, impermissible income pending full filing verification. Treat as conditional until the impermissible-income line is confirmed against the annual report.

Zoya's public page did not return a clear status when we checked (checked 2026-06-15). Musaffa rates it doubtful. U.S. Shariah ETFs SPUS and HLAL publish holdings on their own schedules — absence from a top-holdings list is not the same as a failed screen; verify current ETF holdings if index validation matters to you.

Practical takeaway: do not size up until the conditional line is verified against the filing or a screener you trust; the dated ratio table on this page shows exactly what is still open.

Business Activity Screen

Pass

CSX Corporation, operating through its subsidiaries, stands as a leading provider of rail-based cargo transportation services. The company offers a wide range of services, including general rail freight, the movement of intermodal containers and trailers, and specialized transport solutions such as efficient rail-to-truck transfers and the handling of bulk commodities. CSX facilitates the shipment of a diverse array of goods, encompassing industrial chemicals, agricultural and food products, aut

Interest income not separately material in the annual filing (CSX Corporation FY2025 (fiscal year ended 2025-12-31, Form 10-K)); immaterial vs total revenue — well under 5%.

Financial Ratio Screen

Screen	Value	AAOIFI limit	Result
Interest-bearing debt / market cap	21.3%	< 30%	Pass
Cash + interest-bearing securities / market cap	1.3%	< 30%	Pass
Impermissible income / total revenueInterest income not separately material in the annual filing (CSX Corporation FY2025 (fiscal year ended 2025-12-31, Form 10-K)); immaterial vs total revenue — well under 5%.	0.0%	< 5%	Pass

Spot market cap at research date (consider trailing average for borderline names). Data as of 2026-03-31 · thresholds per AAOIFI Shariah standards.

This verdict uses the AAOIFI standard — the most widely used and, at a 30% debt limit, the most conservative mainstream Shariah standard. Interest-bearing debt and interest-bearing securities each stay under 30% of market cap, and impermissible income under 5% of revenue. Other standards (Dow Jones Islamic, S&P Shariah, MSCI Islamic, FTSE Yasaar) use ~33% limits or screen against total assets, so a borderline company can be rated differently by each. How we screen & why screeners disagree →

How CSX screens across Shariah standards

The standards disagree on this company. It passes some Shariah screens and fails others — which is exactly why you may see a different answer in different apps. Our headline verdict uses AAOIFI, the strictest and most widely cited mainstream standard.

Standard	Debt	Cash & interest securities	Limit / basis	Result
AAOIFI (our standard)	21.3%	1.3%	< 30% of market cap	Pass
Dow Jones Islamic / S&P Shariah thresholdDow Jones and S&P apply this limit against a trailing 24–36-month average market cap; shown here on the same point-in-time market cap for comparison.	21.3%	1.3%	< 33% of market cap	Pass
MSCI Islamic / FTSE Yasaar basisTotal-assets denominator. MSCI/FTSE also apply entry/exit buffers and a receivables screen we do not reproduce.	42.7%	2.5%	< 33.33% of total assets	Fail

HalalWallet computation reproducing each standard's threshold and denominator from public filings (balance sheet as of 2026-03-31) — not the providers' licensed index determinations, which can differ. Debt is interest-bearing borrowings (operating leases excluded). The impermissible-income screen (< 5% of revenue) is common to all of these standards and is shown in the ratio table above. Dow Jones and S&P apply their limit against a trailing 24–36-month average market cap; MSCI and FTSE add entry/exit buffers and a receivables screen. Full methodology →

These companies pass under some mainstream standards and fail under others — the same pattern as this verdict. That is why two apps can show different answers.

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