Halal Real estate stocks
US Real estate stocks screened against the AAOIFI standard: business activity, interest-bearing debt, cash and interest income. Below are the largest halal ones by market cap.
Halal
14
Not halal
211
Doubtful
15
Not enough data
4
6% of the sector is halal · 244 listed companies in total
Why companies in this sector pass or fail
Real estate companies (REITs and developers) usually buy buildings and land with mortgages and bonds, so the debt ratio often exceeds 30%. Mortgage REITs lend at interest and are excluded at the business screen. That is why the halal share in this sector is low.
This is a general observation, not a fatwa. Every company is screened individually — the result is on its own page, with the ratios. Methodology
Not halal — by reason
211 companies are currently not halal. One company can fail for several reasons; the interest-income test only applies once the debt and cash ratios pass.
- Prohibited business (banking, insurance, alcohol, gambling...)38 · 18%
- Interest-bearing debt ≥ 30% (of market cap)158 · 75%
- Cash & investments ≥ 30%37 · 18%
- Interest (non-compliant) income ≥ 5%5 · 2%
- Other (collapsed market cap, no revenue, etc.)1 · 0%
Largest halal stocks — Real estate
The 14 largest by market cap. Open any row for the full stock page — ratios, formula and date.
| # | Company | Industry | Market cap | Price | Debt | Cash | Interest income |
|---|---|---|---|---|---|---|---|
| 1 | Real Estate Services | $36.75B | 133.07 | 21.3 | 3.9 | — | |
| 2 | Real Estate Services | $13.42B | 305.62 | 19.1 | 3.7 | — | |
| 3 | Real Estate Services | $13.02B | 32.31 | 3.6 | 4.3 | 3.4 | |
| 4 | Real Estate Services | $5.63B | 135.67 | 21.0 | 2.3 | — | |
| 5 | Real Estate - Diversified | $3.73B | 68.42 | 17.3 | 3.7 | 2.6 | |
| 6 | Real Estate Services | $1.08B | 28.02 | 0.0 | 27.1 | — | |
| 7 | Real Estate Services | $997.0M | 4.67 | 0.1 | 1.5 | 0.1 | |
| 8 | Real Estate Services | $643.3M | 3.83 | 0.0 | 6.9 | — | |
| 9 | Real Estate Services | $290.1M | 14.7 | 2.4 | 0.9 | — | |
| 10 | Real Estate Services | $177.0M | 16.81 | 0.0 | 24.3 | 1.3 | |
| 11 | Real Estate Services | $79.6M | 39.5 | 7.3 | 2.5 | — | |
| 12 | Real Estate Services | $47.3M | 15.16 | 2.4 | 0.4 | — | |
| 13 | Real Estate Services | $6.4M | 0.9848 | 0.5 | 4.0 | — | |
| 14 | Real Estate Services | $2.0M | 1.57 | 22.1 | 0.7 | — |
Ratios in percent; limits: debt < 30%, cash < 30%, interest income < 5%.
See the whole market in the screener
The public page is a sample. The screener filters by sector and halal status: sort every Real estate stock by 40+ metrics (P/E, margins, growth, technicals).
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Industries in this sector
Industries with at least 5 halal stocks — each with its own list and failure reasons.
Other sectors
Frequently asked questions
- Which Real estate stocks are halal?
- According to our AAOIFI-based screening, 14 of 244 listed Real estate companies are halal. The largest by market cap: CBRE Group Inc (CBRE), Jones Lang LaSalle Incorporated (JLL), CoStar Group, Inc. (CSGP), FirstService Corporation (FSV), St. Joe Company (The) (JOE). The full list and each company's ratios are on the stock pages.
- Why are some Real estate companies not halal?
- Real estate companies (REITs and developers) usually buy buildings and land with mortgages and bonds, so the debt ratio often exceeds 30%. Mortgage REITs lend at interest and are excluded at the business screen. That is why the halal share in this sector is low.
- Is this a fatwa or investment advice?
- No. This is the result of automated screening based on public data. It is neither a fatwa nor an investment recommendation. Consult a scholar or adviser you trust before making decisions.
- How often are the results updated?
- Screening runs every day: when a new quarterly report comes out, the ratios are recalculated and the status may change. Each stock page shows the date it was checked.
Terms
Not a fatwa and not investment advice. Screening is automated from public financial reports and may be wrong or out of date.