
EGP: Is EastGroup Properties, Inc. Halal?
EastGroup Properties, Inc.
$195.75
+0.47%
Market Cap: 10.5B
Compliance Status
Halal
Screened on Jul 17, 2026 · AAOIFI Standard 21
Very Good
Is EastGroup Properties, Inc. (EGP) halal? Halal. Based on AAOIFI screening, EastGroup Properties, Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 88/100 (Grade: A).
Business activity
What the company sells is permissible.
Company debt
Well clear of the limitHow much the company borrows, compared to its total value. AAOIFI allows up to 30%.
What this means for you
You can own EGP
It passes both the business activity and financial ratio screens under AAOIFI Standard 21.
No purification owed
Based on the latest screening, none of its income comes from prohibited sources.
About EastGroup Properties, Inc.
EastGroup Properties, Inc. (NYSE: EGP), an S&P MidCap 400 company, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina. The Company's goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location sensitive customers (primarily in the 15,000 to 70,000 square foot range). The Company's strategy for growth is based on ownership of premier distribution facilities generally clustered near major transportation features in supply-constrained submarkets. EastGroup's portfolio, including development projects and value-add acquisitions in lease-up and under construction, currently includes approximately 45.8 million square feet.
Sector: Real Estate · Industry: REIT - Industrial
Shariah Compliance Status
Compliance History
Halalnow
since Jun 2026
Doubtful
until the change above
Tracked since Jun 2026. Updates automatically on each re-screen.
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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.