What is FirstService Corporation's Shariah compliance score?

FirstService Corporation (FSV) has a Shariah compliance score of 78/100 (Grade: B+, Good) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does FirstService Corporation pass AAOIFI screening?

FirstService Corporation (FSV) passes 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% (FSV: 23.4%), (3) interest-bearing deposits below 30% (FSV: 2.6%), and (4) prohibited income below 5% (FSV: 0.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for FirstService Corporation stock?

FirstService Corporation (FSV) has a non-permissible income ratio of 0.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from FSV shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen FirstService Corporation for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for FirstService Corporation (FSV) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about FSV's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

FSV: Is FirstService Corporation Halal?

FirstService Corporation

NASDAQReal EstateCA

$151.21

+3.00%

Market Cap: 7.0B

Compliance Status

Halal

Screened on Jul 17, 2026 · AAOIFI Standard 21

B+

Good

78Score

Is FirstService Corporation (FSV) halal? Halal. Based on AAOIFI screening, FirstService Corporation passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 78/100 (Grade: B+).

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Close to the limit

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

23.4% of 30.0% limit

What this means for you

You can own FSV

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 FirstService Corporation

FirstService Corporation (FSV) is a North American enterprise, operating across the United States and Canada, specializing in both residential property management and a comprehensive array of essential property services for both homes and businesses. The company is organized into two primary divisions: FirstService Residential and FirstService Brands. The FirstService Residential segment is dedicated to managing diverse private residential communities, including condominiums, cooperatives, homeowner associations, master-planned developments, and active adult communities. This division extends its offerings beyond core management to include vital ancillary services such as on-site engineering and maintenance staff, comprehensive management of swimming pools and amenities, security provisions, and concierge services. Additionally, it furnishes financial services like cash management, banking transaction support, and specialized property insurance brokerage, alongside energy management solutions and advisory services, and property resale processing. The FirstService Brands segment delivers crucial property services to residential and commercial clients through a network of five franchise systems, complemented by company-owned operations that include 20 California Closets, 12 Paul Davis Restoration, and 1 CertaPro Painters location. Services provided by this segment range from residential and commercial restoration, painting, and floor coverings design and installation, to custom-designed closets and home storage solutions, home inspection services, and fire protection and related services. These services are offered under well-known brand names such as Paul Davis Restoration, First Onsite Restoration, Century Fire Protection, CertaPro Painters, California Closets, Pillar to Post Home Inspectors, and Floor Coverings International. Founded in 1989, FirstService Corporation's corporate headquarters are located in Toronto, Canada.

Sector: Real Estate · Industry: Real Estate - Services

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 17, 2026

Compliance History

Halalnow
since Jul 2026
Doubtful
until the change above
Halal
until the change above
Doubtful
until the change above

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

Fiscal: FY 2025Data source: FMP

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Frequently Asked Questions

Is FirstService Corporation (FSV) halal to invest in?

Based on AAOIFI Standard 21 screening, FirstService Corporation (FSV) is rated Halal with a compliance grade of B+ (Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).

Why did FirstService Corporation get a B+ compliance rating?

FirstService Corporation (FSV) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 23.4% (limit 30%); interest-bearing deposits of 2.6% (limit 30%); prohibited income of 0.00% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change FirstService Corporation's Shariah verdict?

FirstService Corporation'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 FirstService Corporation re-screened for Shariah compliance?

FirstService Corporation (FSV) 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: Jul 17, 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.