What is Alpine Income Property Trust, Inc.'s Shariah compliance score?

Alpine Income Property Trust, Inc. (PINE) 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 Alpine Income Property Trust, Inc. pass AAOIFI screening?

Alpine Income Property Trust, Inc. (PINE) 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%. PINE's debt-to-market-cap is 130.3%.

How much purification is needed for Alpine Income Property Trust, 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 Alpine Income Property Trust, Inc. (PINE) using the latest financial data.

Where can I screen Alpine Income Property Trust, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Alpine Income Property Trust, Inc. (PINE) 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.

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PINE: Is Alpine Income Property Trust, Inc. Halal?

Alpine Income Property Trust, Inc.

NYSEReal EstateUS

$17.07

Market Cap: 282.1M

Compliance Status

Not Halal

Screened on Sep 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Alpine Income Property Trust, Inc. (PINE) halal? Not Halal. Based on AAOIFI screening, Alpine Income Property Trust, 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 Alpine Income Property Trust, Inc. (PINE) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Sep 26, 2026. Source: https://halalscreener.app/en/stock/PINE

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%.

130.3% 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 PINE

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

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About Alpine Income Property Trust, Inc.

Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust. The firm seeks to deliver attractive risk-adjusted returns and dependable cash dividends by investing in, owning and operating a portfolio of single tenant net leased commercial income properties that are predominately leased to high-quality publicly traded and credit-rated tenants. The Company also complements its income property portfolio by strategically investing in a select portfolio of commercial loan investments intended to deliver an attractive risk-adjusted return. Alpine Income Property Trust, Inc. was incorporated in 2019 in Maryland, USA.

Sector: Real Estate · Industry: REIT - Retail

Why this does not pass

Interest-bearing debt is 130.3% of market cap, over the 30% AAOIFI 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 Sep 26, 2026

See which ratio caused the failure.

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AI Compliance Insight

PRO

Institutional-grade Shariah analysis

See why PINE 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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Free · No credit card required

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Frequently Asked Questions

Is Alpine Income Property Trust, Inc. (PINE) halal to invest in?

Alpine Income Property Trust, Inc. (PINE) 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 Alpine Income Property Trust, Inc. get a F compliance rating?

Alpine Income Property Trust, Inc. (PINE) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 130.3% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Alpine Income Property Trust, Inc.'s Shariah verdict?

Alpine Income Property Trust, 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 Alpine Income Property Trust, Inc. re-screened for Shariah compliance?

Alpine Income Property Trust, Inc. (PINE) 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 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.