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AAOIFI No. 21 screening

Is AKR halal?

Acadia Realty Trust

Not halal

Acadia Realty Trust did not pass AAOIFI screening. The failed check is shown below.

Checked: 15 October 2026

Exchange

NYSE

Price

18.59

Day

+0.32%

Market cap

$2.68B

Industry

REIT - Retail

Sector

Real Estate

What the company does

Acadia Realty Trust is a REIT owning street retail in prime city districts (SoHo, Chicago's Armitage) and also manages investment funds. Money comes from retail rent.

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 $1.67B ÷ 36-month average market cap $2.39B = 69.9%

    69.9%

    Fail

  • Cash & investments / market cap

    limit 30%

    Cash + interest-bearing securities $32.96M ÷ 36-month average market cap $2.39B = 1.4%

    1.4%

    Pass

  • Non-compliant income / total revenue

    limit 5%

    Interest income $23.72M ÷ annual revenue $410.76M (2025) = 5.8%

    5.8%

    Fail

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: $2.68B.

For information (AAOIFI 3/1 note): cash + receivables are 5.6% 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

Related articles

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.

Earnings historyAKR's next report date, EPS estimate vs actual for recent quarters and the post-earnings price move.View earnings →
Is AKR halal? — Acadia Realty Trust AAOIFI screening result — Limitup