Is ELS halal?
Equity Lifestyle Properties, In
Doubtful
No clear verdict is possible for Equity Lifestyle Properties, In — 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
61.21
Day
+1.59%
Market cap
$11.83B
Industry
REIT - Residential
Sector
Real Estate
What the company does
Equity LifeStyle Properties is a REIT of manufactured-home communities, RV resorts and marinas (450 US properties). Its money comes from site rent and memberships (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 - Residential
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $3.29B ÷ current market cap $11.83B = 27.8%
27.8%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $18.84M ÷ current market cap $11.83B = 0.2%
0.2%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $9.57M ÷ annual revenue $1.45B (2025) = 0.7%
0.7%
Pass
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.
For information (AAOIFI 3/1 note): cash + receivables are 1.9% 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
- SPRE 5.04%
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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.