Is NLOP halal?
Net Lease Office Properties
Doubtful
No clear verdict is possible for Net Lease Office Properties — 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
9.75
Day
+0.41%
Market cap
$143.6M
Industry
REIT - Office
Sector
Real Estate
What the company does
Net Lease Office Properties (a REIT spun off from W. P. Carey in 2023) owns single-tenant office buildings and is gradually selling them to pay down debt. Its money comes from rent and property sales.
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 - Office
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $21.90M ÷ 36-month average market cap $364.03M = 6.0%
6.0%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $23.66M ÷ 36-month average market cap $364.03M = 6.5%
6.5%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $2.10M ÷ annual revenue $118.92M (2025) = 1.8%
1.8%
Pass
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: $143.62M.
In the lists
- In the S&P 500
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
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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.