What is Medalist Diversified REIT, Inc.'s Shariah compliance score?

Medalist Diversified REIT, Inc. (MDRR) has a Shariah compliance score of 0/100 (Grade: F, Non-Compliant). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does Medalist Diversified REIT, Inc. pass AAOIFI screening?

Medalist Diversified REIT, Inc. (MDRR) does not pass AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. MDRR's debt-to-market-cap is 144.3%.

How much purification is needed for Medalist Diversified REIT, Inc.?

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 percentage and amount for Medalist Diversified REIT, Inc. (MDRR) using the latest financial data.

Where can I screen Medalist Diversified REIT, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Medalist Diversified REIT, Inc. (MDRR) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

MDRRNot HalalF

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MDRR: Is Medalist Diversified REIT, Inc. Halal?

Medalist Diversified REIT, Inc.

NASDAQReal EstateUS

$11.50

Market Cap: 14.3M

Compliance Status

Not Halal

Screened on Sep 23, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Medalist Diversified REIT, Inc. (MDRR) halal? Not Halal. Based on AAOIFI screening, Medalist Diversified REIT, 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 Medalist Diversified REIT, Inc. (MDRR) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Sep 23, 2026. Source: https://halalscreener.app/en/stock/MDRR

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%.

144.3% of 30.0% limit

PRO DETAIL

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 MDRR

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

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About Medalist Diversified REIT, Inc.

Medalist Diversified REIT, Inc. was incorporated in Maryland on September 28, 2015. The company believes it began operating in a manner consistent with Real Estate Investment Trust (REIT) qualifications for its fiscal year ending December 31, 2017, and has since elected to be treated as a REIT for federal income tax purposes. Additionally, it serves as the general partner for Medalist Diversified Holdings, LP, a Delaware limited partnership established a day later on September 29, 2015. The company's core business involves the acquisition, enhancement, renovation, leasing, and ongoing management of income-generating real estate assets. Its investment strategy places a primary focus on commercial properties (including flexible industrial and retail spaces), multi-family residential complexes, and limited-service hotel properties. These holdings are strategically located in secondary and tertiary markets throughout the southeastern United States, with a strong anticipated presence in Virginia, North Carolina, South Carolina, Georgia, Florida, and Alabama.

Sector: Real Estate · Industry: REIT - Diversified

Why this does not pass

Interest-bearing debt is 144.3% of market cap, over the 30% AAOIFI limit.
Interest-bearing deposits are over the 30% 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

AAOIFI Standard 21Updated Sep 23, 2026

See which ratio caused the failure.

See the exact debt ratio, interest income %, and prohibited revenue that caused the failure. Know before you sell or hold.

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Institutional-grade Shariah analysis

See why MDRR is rated Not Halal with institutional-grade analysis

PRO DETAIL

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.

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:

5106.KLA+

Axis Real Estate Investment Trust

$1.80

+0.01%

5116.KLA+

Al-'Aqar Healthcare REIT

$1.16

+0.01%

5269.KLA+

Al-Salam Real Estate Investment Trust

$0.59

+0.00%

5307.KLA+

AME Real Estate Investment Trust

$1.56

-0.01%

7249.KLA+

Skygate Solutions Berhad

$0.89

-0.01%

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Frequently Asked Questions

Is Medalist Diversified REIT, Inc. (MDRR) halal to invest in?

Medalist Diversified REIT, Inc. (MDRR) 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 Medalist Diversified REIT, Inc. get a F compliance rating?

Medalist Diversified REIT, Inc. (MDRR) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 144.3% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Medalist Diversified REIT, Inc.'s Shariah verdict?

Medalist Diversified REIT, 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 Medalist Diversified REIT, Inc. re-screened for Shariah compliance?

Medalist Diversified REIT, Inc. (MDRR) 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 23, 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.