What is First Industrial Realty Trust, Inc.'s Shariah compliance score?

First Industrial Realty Trust, Inc.'s (FR) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does First Industrial Realty Trust, Inc. pass AAOIFI screening?

First Industrial Realty Trust, Inc. (FR) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (FR: 31.5%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for First Industrial Realty Trust, Inc. stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for First Industrial Realty Trust, Inc. (FR) using the latest financial data.

Where can I screen First Industrial Realty Trust, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for First Industrial Realty Trust, Inc. (FR) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about FR's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

FR: Is First Industrial Realty Trust, Inc. Halal?

First Industrial Realty Trust, Inc.

NYSEReal EstateUS

$66.99

+1.00%

Market Cap: 8.9B

Compliance Status

Not Halal

Screened on Sep 1, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

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

Quote this verdict

HalalScreener rates First Industrial Realty Trust, Inc. (FR) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Sep 1, 2026. Source: https://halalscreener.app/en/stock/FR

AvoidBorderlineClean

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%.

31.5% of 30.0% limit

What this means for you

Most scholars advise not holding FR

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About First Industrial Realty Trust, Inc.

First Industrial Realty Trust, Inc. is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains. In total, we own and have under development approximately 71.6 million square feet of industrial space concentrated in 15 target MSAs as of December 31, 2025. First Industrial Realty Trust, Inc. was incorporated in 1993 in Maryland, USA,

Sector: Real Estate · Industry: REIT - Industrial

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 1, 2026

Compliance History

Not Halalnow
since Aug 2026
Doubtful
until the change above
Not Halal
until the change above
Halal
until the change above
Not Halal
until the change above

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

Fiscal: Q2 2026Data source: EDGAR

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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Hotel101 Global Holdings Corp. Class A Ordinary Shares

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Global Medical REIT Inc.

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-1.24%

MLPA+

Maui Land & Pineapple Company, Inc.

$17.34

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XRNA+

Chiron Real Estate Inc.

$36.58

+0.85%

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Frequently Asked Questions

Is First Industrial Realty Trust, Inc. (FR) halal to invest in?

First Industrial Realty Trust, Inc. (FR) 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 First Industrial Realty Trust, Inc. get a F compliance rating?

First Industrial Realty Trust, Inc. (FR) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 31.5% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change First Industrial Realty Trust, Inc.'s Shariah verdict?

First Industrial Realty Trust, 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 First Industrial Realty Trust, Inc. re-screened for Shariah compliance?

First Industrial Realty Trust, Inc. (FR) 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: Sep 1, 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.