Alinma Retail REIT Fund (4345.SR) - Not Halal (Non-Compliant)
Alinma Retail REIT Fund (4345.SR) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- Real Estate
- Industry
- REIT - Retail
- Result
- Pass
- Reason
- The sector "Real Estate" and industry "REIT - Retail" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 126.6% | Threshold: 30% | Result: Fail
- Cash & Interest-bearing Securities Ratio
- Value: 9.3% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 0.0% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.00%.No non-permissible income detected in the financial statements, so this calculation finds nothing to purify based on available data.
About Alinma Retail REIT Fund
Alinma Retail REIT Fund is a real estate investment fund. The fund focuses to invest in real estate assets, within Saudi Arabia.
Frequently Asked Questions
Is Alinma Retail REIT Fund (4345.SR) stock halal to invest in?
According to AAOIFI Shariah screening standards, Alinma Retail REIT Fund (4345.SR) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does Alinma Retail REIT Fund have any interest income?
Identified interest income is 0.0% of Alinma Retail REIT Fund's total income. AAOIFI standards require non-permissible income to be below 5%.
What guidelines are used to determine if 4345.SR stock is Shariah-compliant?
4345.SR is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.


