ARL: Is American Realty Investors, Inc. Halal?
American Realty Investors, Inc.
$16.21
Market Cap: 261.8M
Compliance Status
Not Halal
Screened on Sep 26, 2026 · AAOIFI Standard 21
Non-Compliant
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).
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HalalScreener rates American Realty Investors, Inc. (ARL) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Sep 26, 2026. Source: https://halalscreener.app/en/stock/ARL
Business activity
What the company sells is permissible.
Company debt
Over the limitHow much the company borrows, compared to its total value. AAOIFI allows up to 30%.
The verdict above is final and free.
Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.
Screened according to AAOIFI Standard 21
What this means for you
Most scholars advise not holding ARL
It does not pass AAOIFI Shariah screening.
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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
Why this does not pass
- Interest-bearing debt is 83.3% of market cap, over the 30% AAOIFI limit.
- Interest-bearing deposits are over the 30% limit.
- Income from prohibited sources is over the 5% limit.
Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.
Shariah Compliance Status
See which ratio caused the failure.
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The verdict above is final and free.
Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.
Screened according to AAOIFI Standard 21
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.
Halal Alternatives in Real Estate
This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:
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Frequently Asked Questions
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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.