Is JAN halal?
Janus Living, Inc.
Doubtful
No clear verdict is possible for Janus Living, Inc. — data is insufficient or the case is contested in fiqh. As a precaution it is NOT included in the halal list.
Checked: 15 October 2026
Exchange
NYSE
Price
29.05
Day
-0.66%
Market cap
$9.14B
Industry
REIT - Residential
Sector
Real Estate
What the company does
Janus Living (IPO 2026) is a REIT focused solely on senior housing: 34 communities (10,400 units, mostly Florida and Texas) across 10 states, where residents pay privately. Its money comes from senior-housing fees.
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 $0 ÷ current market cap $9.14B = 0.0%
0.0%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $1.56B ÷ current market cap $9.14B = 17.0%
17.0%
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.
For information (AAOIFI 3/1 note): cash + receivables are 35.1% 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 4.92%
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 1 superinvestors · Average reported price: $28.74
- Christopher DavisDavis Advisors$1.0M0.0%
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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.
Halal is the first question. The second: when to enter?
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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.