Does New England Realty Associates Limited Partnership pass AAOIFI screening?

New England Realty Associates Limited Partnership (NEN) 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% (NEN: 275.5%), (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 New England Realty Associates Limited Partnership 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 New England Realty Associates Limited Partnership (NEN) using the latest financial data.

Where can I screen New England Realty Associates Limited Partnership for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for New England Realty Associates Limited Partnership (NEN) 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 NEN's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

NEN: Is New England Realty Associates Limited Partnership Halal?

New England Realty Associates Limited Partnership

AMEXReal EstateUS

$55.01

+5.63%

Market Cap: 192.2M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is New England Realty Associates Limited Partnership (NEN) halal? Not Halal. Based on AAOIFI screening, New England Realty Associates Limited Partnership passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

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%.

275.5% of 30.0% limit

What this means for you

Most scholars advise not holding NEN

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About New England Realty Associates Limited Partnership

New England Realty Associates Limited Partnership operates as a real estate enterprise focused on the acquisition, construction, long-term investment, management, and sale of properties throughout the United States, primarily concentrated in Massachusetts and New Hampshire. Its holdings span various property types, including residential apartments, condominiums, and commercial spaces. By February 1, 2022, the company directly possessed 2,892 residential apartment units within 25 residential and mixed-use projects, alongside 19 condominium units in one residential complex, most of which are situated in the metropolitan Boston area of Massachusetts. Additionally, its commercial assets included a shopping center in Framingham, distinct commercial buildings in Newton and Brookline, and commercial portions of mixed-use buildings in Boston, Brockton, and Newton, Massachusetts. The partnership also maintained a significant minority stake of 40% to 50% in seven other residential and mixed-use developments, which together comprised 688 residential units, a single commercial unit, and a 50-space parking lot. NewReal, Inc. serves as the company's general partner. Established in 1977, New England Realty Associates Limited Partnership has its headquarters located in Allston, Massachusetts.

Sector: Real Estate · Industry: Real Estate - Development

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

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:

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Free · No credit card required

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Frequently Asked Questions

Is New England Realty Associates Limited Partnership (NEN) halal to invest in?

New England Realty Associates Limited Partnership (NEN) 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 New England Realty Associates Limited Partnership get a F compliance rating?

New England Realty Associates Limited Partnership (NEN) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 275.5% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change New England Realty Associates Limited Partnership's Shariah verdict?

New England Realty Associates Limited Partnership'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 New England Realty Associates Limited Partnership re-screened for Shariah compliance?

New England Realty Associates Limited Partnership (NEN) 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 26, 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.