Is ALX halal?
Alexander's, Inc.
Not halal
Alexander's, Inc. did not pass AAOIFI screening. The failed check is shown below.
Checked: 16 October 2026
Exchange
NYSE
Price
233.66
Day
-0.43%
Market cap
$1.18B
Industry
REIT - Retail
Sector
Real Estate
What the company does
Alexander's is a REIT owning a handful of large New York properties, chiefly 731 Lexington Avenue in Manhattan (Bloomberg's headquarters) and the Rego Park retail center in Queens. Managed by Vornado; money comes from rents.
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 $945.62M ÷ 36-month average market cap $1.13B = 83.4%
83.4%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $76.24M ÷ 36-month average market cap $1.13B = 6.7%
6.7%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $14.66M ÷ annual revenue $213.18M (2025) = 6.9%
6.9%
Fail
Figures from the company's filings (2026-03-31), 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: $1.18B.
For information (AAOIFI 3/1 note): cash + receivables are 17.1% of total assets (2026-03-31). 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 1 superinvestors · Average reported price: $275.56
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- Halal investingBlogAAOIFI Shariah Standard No. 21 in plain languageThe most widely used standard for halal stock screening: the two-step test, the three ratios and how it differs from other methods.
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.