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AAOIFI No. 21 screening

Is GOOD halal?

Gladstone Commercial Corporatio

Not halal

Gladstone Commercial Corporatio did not pass AAOIFI screening. The failed check is shown below.

Checked: 16 October 2026

Exchange

NASDAQ

Price

12.47

Day

-1.34%

Market cap

$613.7M

Industry

REIT - Diversified

Sector

Real Estate

What the company does

Gladstone Commercial is a REIT leasing industrial and office buildings across the US to single tenants on long leases. Revenue comes from 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 $855.03M ÷ 36-month average market cap $604.80M = 141.4%

    141.4%

    Fail

  • Cash & investments / market cap

    limit 30%

    Cash + interest-bearing securities $10.36M ÷ 36-month average market cap $604.80M = 1.7%

    1.7%

    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: $613.74M.

For information (AAOIFI 3/1 note): cash + receivables are 0.9% of total assets (2025-12-31). 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

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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.

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