Is EGP halal?
EastGroup Properties, Inc.
Doubtful
No clear verdict is possible for EastGroup Properties, Inc. — data is insufficient or the case is contested in fiqh. As a precaution it is NOT included in the halal list.
Checked: 14 October 2026
Exchange
NYSE
Price
196.37
Day
+1.00%
Market cap
$10.56B
Industry
REIT - Industrial
Sector
Real Estate
What the company does
EastGroup Properties is a REIT of industrial/warehouse buildings in the US Sunbelt (Texas, Florida, Arizona) for small and mid-sized tenants. Its money comes from warehouse rent (the REIT structure is checked by the screener).
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
Activity needs clarification: REIT - Industrial
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $1.65B ÷ 36-month average market cap $9.06B = 18.2%
18.2%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $33.38M ÷ 36-month average market cap $9.06B = 0.4%
0.4%
Pass
Non-compliant income / total revenue
limit 5%
—
No data
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: $10.56B.
For information (AAOIFI 3/1 note): cash + receivables are 2.7% 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
- Held by funds
- SPRE 4.95%
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 2 superinvestors · Average reported price: $202.53
- Christopher DavisDavis Advisors$10.4M0.0%
- First Eagle Investment Management$446K0.0%
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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.
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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.