Mid-America Apartment Communities, Inc.

MAA: Is Mid-America Apartment Communities, Inc. Halal?

Mid-America Apartment Communities, Inc.

NYSEReal EstateUS

$128.61

+0.64%

Market Cap: 15.0B

Compliance Status

Not Halal

Screened on Aug 30, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Mid-America Apartment Communities, Inc. (MAA) halal? Not Halal. Based on AAOIFI screening, Mid-America Apartment Communities, 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 Mid-America Apartment Communities, Inc. (MAA) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Aug 30, 2026. Source: https://halalscreener.app/en/stock/MAA

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%.

35.8% of 30.0% limit

What this means for you

Most scholars advise not holding MAA

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Mid-America Apartment Communities, Inc.

Mid-America Apartment Communities, known as MAA, is a prominent S&P 500 entity operating as a Real Estate Investment Trust (REIT). Its core objective is to generate outstanding, comprehensive investment returns for its shareholders. MAA achieves this by strategically acquiring, developing, redeveloping, owning, and managing high-quality apartment complexes. These properties are primarily located across the Southeast, Southwest, and Mid-Atlantic regions of the United States. As of December 31, 2020, the company held an interest in 102,772 apartment units, a figure that includes communities currently under development, spread throughout 16 states and the District of Columbia.

Sector: Real Estate · Industry: REIT - Residential

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 30, 2026

Compliance History

  1. Not Halalnow

    since Jun 2026

  2. Halal

    until the change above

  3. Not Halal

    until the change above

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

Fiscal: Q1 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:

72
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Hotel101 Global Holdings Corp. Class A Ordinary Shares
HBNBA+

Hotel101 Global Holdings Corp. Class A Ordinary Shares

$5.85

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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%

Chiron Real Estate Inc.
XRNA+

Chiron Real Estate Inc.

$36.58

+0.85%

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Frequently Asked Questions

Is Mid-America Apartment Communities, Inc. (MAA) halal to invest in?
Mid-America Apartment Communities, Inc. (MAA) 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 Mid-America Apartment Communities, Inc. get a F compliance rating?
Mid-America Apartment Communities, Inc. (MAA) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 35.8% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Mid-America Apartment Communities, Inc.'s Shariah verdict?
Mid-America Apartment Communities, 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 Mid-America Apartment Communities, Inc. re-screened for Shariah compliance?
Mid-America Apartment Communities, Inc. (MAA) 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 30, 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.