Wheeler Real Estate Investment (WHLR) - Halal (Shariah-Compliant)
Wheeler Real Estate Investment (WHLR) is classified as Halal (Shariah-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: 2.8% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 0.2% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 0.8% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.84%.Based on the company's financial statements, approximately 0.84% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.84% of total income). Some scholars may differ on the exact calculation method.
About Wheeler Real Estate Investment
Wheeler Real Estate Investment Trust, Inc. is a Maryland corporation formed on June 23, 2011. The Trust serves as the general partner of Wheeler REIT, L.P., which was formed as a Virginia limited partnership on April 5, 2012. At June 30, 2026, the Company owned 100% of the Operating Partnership. As of June 30, 2026, the Trust owned and operated fifty-nine properties, including fifty-six retail shopping centers and three undeveloped properties in South Carolina, Georgia, Virginia, Pennsylvania, North Carolina, New Jersey, Florida, Connecticut, Kentucky, Tennessee, Massachusetts, Alabama, Maryland and West Virginia. These centers and undeveloped properties include the properties acquired through the Cedar Acquisition. Wheeler Real Estate Investment Trust, Inc. was established in 2011 and was incorporated in Maryland.
Frequently Asked Questions
Is Wheeler Real Estate Investment (WHLR) stock halal to invest in?
According to AAOIFI Shariah screening standards, Wheeler Real Estate Investment (WHLR) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.

