What is National Storage Affiliates Trust's Shariah compliance score?

National Storage Affiliates Trust's (NSA) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does National Storage Affiliates Trust pass AAOIFI screening?

National Storage Affiliates Trust (NSA) 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% (NSA: 102.4%), (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 National Storage Affiliates Trust 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 National Storage Affiliates Trust (NSA) using the latest financial data.

Where can I screen National Storage Affiliates Trust for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for National Storage Affiliates Trust (NSA) 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 NSA's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

NSA: Is National Storage Affiliates Trust Halal?

National Storage Affiliates Trust

NYSEReal EstateUS

$43.40

-1.77%

Market Cap: 3.3B

Compliance Status

Not Halal

Screened on Sep 1, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is National Storage Affiliates Trust (NSA) halal? Not Halal. Based on AAOIFI screening, National Storage Affiliates Trust passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates National Storage Affiliates Trust (NSA) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Sep 1, 2026. Source: https://halalscreener.app/en/stock/NSA

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%.

102.4% of 30.0% limit

What this means for you

Most scholars advise not holding NSA

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About National Storage Affiliates Trust

National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self-storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of September 30, 2025, the Company held ownership interests in and operated 1,069 self-storage properties, located in 37 states and Puerto Rico with approximately 69.8 million rentable square feet. NSA is one of the largest owners and operators of self-storage properties among public and private companies in the United States. National Storage Affiliates Trust was incorporated in 2013 in Maryland, USA.

Sector: Real Estate · Industry: REIT - Industrial

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 1, 2026

Compliance History

Not Halalnow
since Aug 2026
Under Review
until the change above
Not Halal
until the change above
Doubtful
until the change above
Not Halal
until the change above

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

Fiscal: FY 2025Data 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:

7249.KLA+

Skygate Solutions Berhad

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Hotel101 Global Holdings Corp. Class A Ordinary Shares

$5.85

+2.82%

GMREA+

Global Medical REIT Inc.

$35.74

-1.24%

MLPA+

Maui Land & Pineapple Company, Inc.

$17.34

-3.02%

XRNA+

Chiron Real Estate Inc.

$36.58

+0.85%

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Free · No credit card required

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Frequently Asked Questions

Is National Storage Affiliates Trust (NSA) halal to invest in?

National Storage Affiliates Trust (NSA) 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 National Storage Affiliates Trust get a F compliance rating?

National Storage Affiliates Trust (NSA) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 102.4% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change National Storage Affiliates Trust's Shariah verdict?

National Storage Affiliates Trust'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 National Storage Affiliates Trust re-screened for Shariah compliance?

National Storage Affiliates Trust (NSA) 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 1, 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.