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NREFNot HalalF
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Compliance Status

Not Halal

Screened on Oct 15, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is NexPoint Real Estate Finance, Inc. (NREF) halal? Not Halal. Based on AAOIFI screening, NexPoint Real Estate Finance, Inc. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

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HalalScreener rates NexPoint Real Estate Finance, Inc. (NREF) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 15, 2026. Source: https://halalscreener.app/en/stock/NREF

Business activity

Involved in prohibited business activities.

Failed

Company debt

Over the limit

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

1570.7% of 30.0% limit
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The verdict above is final and free.

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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding NREF

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

NexPoint Real Estate Finance, Inc.

NREF: Is NexPoint Real Estate Finance, Inc. Halal?

NexPoint Real Estate Finance, Inc.

NYSEReal EstateUS

$15.42

Market Cap: 290.6M

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About NexPoint Real Estate Finance, Inc.

NexPoint Real Estate Finance, Inc. (NREF) is a U.S.-based real estate finance firm. Its core activities involve the origination, structuring, and investment in a diverse range of real estate-backed financial products. These encompass senior mortgage debt, mezzanine debt, preferred equity, preferred stock, and securitized multifamily commercial mortgage-backed securities. The company aims to qualify as a Real Estate Investment Trust (REIT) for U.S. federal income tax purposes. This status generally allows it to avoid federal corporate income taxes, provided it distributes at least 90% of its taxable earnings to its shareholders. Established in 2019, NREF is headquartered in Dallas, Texas.

Sector: Real Estate · Industry: REIT - Mortgage

Why this does not pass

  • Business activity: the company earns from an activity AAOIFI treats as prohibited.
  • Interest-bearing debt is 1570.7% of market cap, over the 30% AAOIFI limit.
  • Interest-bearing deposits are over the 30% limit.
  • Income from prohibited sources is over the 5% 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 Oct 15, 2026

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Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

  • Prohibited industry: REIT - Mortgage
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.

Card needed, nothing charged today

Screened according to AAOIFI Standard 21

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q2 2026Data source: FMP

Halal Alternatives in Real Estate

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

51
5106.KLA+

Axis Real Estate Investment Trust

$1.88

+0.02%

51
5116.KLA+

Al-'Aqar Healthcare REIT

$1.17

+0.01%

52
5269.KLA+

Al-Salam Real Estate Investment Trust

$0.58

+0.01%

53
5307.KLA+

AME Real Estate Investment Trust

$1.52

-0.03%

72
7249.KLA+

Skygate Solutions Berhad

$0.83

+0.00%

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Frequently Asked Questions

Is NexPoint Real Estate Finance, Inc. (NREF) halal to invest in?
NexPoint Real Estate Finance, Inc. (NREF) 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 NexPoint Real Estate Finance, Inc. get a F compliance rating?
NexPoint Real Estate Finance, Inc. (NREF) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 1570.7% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change NexPoint Real Estate Finance, Inc.'s Shariah verdict?
NexPoint Real Estate Finance, 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 NexPoint Real Estate Finance, Inc. re-screened for Shariah compliance?
NexPoint Real Estate Finance, Inc. (NREF) 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: Oct 15, 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.