American Realty Investors, Inc.

ARL: Is American Realty Investors, Inc. Halal?

American Realty Investors, Inc.

NYSEReal EstateUS

$15.02

-1.25%

Market Cap: 242.6M

Compliance Status

Not Halal

Screened on Aug 12, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is American Realty Investors, Inc. (ARL) halal? Not Halal. Based on AAOIFI screening, American Realty Investors, Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

88.4% of 30.0% limit

What this means for you

Most scholars advise not holding ARL

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About American Realty Investors, Inc.

American Realty Investors, Inc. (ARL), along with its affiliated entities, focuses on the acquisition, development, and ownership of both residential apartment complexes and various commercial real estate assets. Its operational footprint extends across the southwestern, southeastern, and mid-western regions of the United States. The firm generates revenue by renting out residential units to individuals and families, as well as by leasing commercial premises—including office, industrial, and retail spaces—to a diverse client base ranging from private businesses to governmental bodies at local, state, and federal levels. Additionally, it engages in the sale of land parcels and existing properties. By the close of 2021 (December 31st), ARL's property holdings encompassed five commercial sites, specifically four office structures and a single retail establishment. Its residential portfolio featured two distinct segments: nine apartment complexes housing a combined 1,492 units, and another group of fifty-two apartment communities containing a total of 10,281 units. Furthermore, the corporation maintains ownership or effective control over 1,886 acres of land, comprising both developed plots and undeveloped parcels. Established in 1999, American Realty Investors, Inc. operates from its main office situated in Dallas, Texas.

Sector: Real Estate · Industry: Real Estate - Services

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 12, 2026

Compliance History

Not Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

Tracked since Aug 2026. Updates automatically on each re-screen.

Fiscal: Q2 2026Data source: FMP

Halal Alternatives in Real Estate

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

Hotel101 Global Holdings Corp. Class A Ordinary Shares
HBNBA+

Hotel101 Global Holdings Corp. Class A Ordinary Shares

$5.85

+2.82%

Global Medical REIT Inc.
GMREA+

Global Medical REIT Inc.

$35.74

-1.24%

Maui Land & Pineapple Company, Inc.
MLPA+

Maui Land & Pineapple Company, Inc.

$17.34

-3.02%

Jones Lang LaSalle Incorporated
JLLA+

Jones Lang LaSalle Incorporated

$362.74

-0.36%

NNN REIT, Inc.
NNNA+

NNN REIT, Inc.

$49.38

+1.52%

More Real Estate Stocks

PLD

Prologis, Inc.

B+

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Realty Income Corporation

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SPG

Simon Property Group, Inc.

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WELL

Welltower Inc.

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Frequently Asked Questions

Is American Realty Investors, Inc. (ARL) halal to invest in?
American Realty Investors, Inc. (ARL) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did American Realty Investors, Inc. get a F compliance rating?
American Realty Investors, Inc. (ARL) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 88.4% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change American Realty Investors, Inc.'s Shariah verdict?
American Realty Investors, Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is American Realty Investors, Inc. re-screened for Shariah compliance?
American Realty Investors, Inc. (ARL) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Aug 12, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.