Does Cohen & Steers REIT and Preferred Income Fund, Inc. pass AAOIFI screening?

Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) 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% (RNP: 0.0%), (3) interest-bearing deposits below 30% (RNP: 0.0%), and (4) prohibited income below 5% (RNP: 82.4%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Cohen & Steers REIT and Preferred Income Fund, Inc. stock?

Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) has a non-permissible income ratio of 82.45%. Muslim investors should purify this percentage of any dividends received and capital gains realized from RNP shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Cohen & Steers REIT and Preferred Income Fund, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about RNP's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

RNP: Is Cohen & Steers REIT and Preferred Income Fund, Inc. Halal?

Cohen & Steers REIT and Preferred Income Fund, Inc.

NYSEFinancial ServicesUS

$20.51

-0.05%

Market Cap: 984.5M

Compliance Status

Not Halal

Screened on Jul 16, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) halal? Not Halal. Based on AAOIFI screening, Cohen & Steers REIT and Preferred Income Fund, Inc. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Basket rule

Over the limit

An ETF is halal when non-compliant holdings stay under 5% of the basket by weight.

109.6% of 5.0% limit

92% of the basket's holdings were screened individually.

About Cohen & Steers REIT and Preferred Income Fund, Inc.

The Cohen & Steers REIT and Preferred Income Fund, Inc., initially launched by Cohen & Steers Inc. on June 27, 2003, is a closed-ended, balanced mutual fund based in the United States. Formerly known as Cohen & Steers REIT & Preferred Balanced Income Fund, it is currently managed by Cohen & Steers Capital Management, Inc. The fund strategically invests across both public equity and fixed income markets within the U.S. Its equity holdings are primarily concentrated in companies within the real estate sector, including Real Estate Investment Trusts (REITs). For its fixed income allocations, the fund typically acquires debt and preferred securities from businesses spanning diverse industries. Fundamental analysis underpins the fund's investment approach for both asset classes. When constructing its fixed income portfolio, managers prioritize factors such as an issuer's financial stability, its corporate and capital structure, the specific ranking of the preferred or debt securities within that structure, market trends and external indicators, and the relative attractiveness compared to other income investments. Similarly, for its equity portfolio, the fund evaluates companies based on their growth prospects, projected earnings, and the caliber of their management teams. The fund's performance is measured against several industry benchmarks, including the FTSE NAREIT Equity Index, the S&P 500 Index, the Merrill Lynch Fixed Rate Preferred Index, and the FTSE NAREIT Equity REIT Index.

Sector: Financial Services · Industry: Asset Management - Income

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 16, 2026

Business Activity Screen

Failed

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

Basket-weighted haram holdings exceed 5% (109.6%)

Basket Composition

92% of basket screened

ETFs are baskets of many stocks. AAOIFI-aligned rule: basket is halal when haram weight is under 5%. The purification share is the weighted prohibited-income contribution of the underlying holdings.

20%

110%

Halal20%

Doubtful8%

Not Halal110%

Unknown0%

Top Holdings

WELLWelltower IncHalal10.42%DLRDigital Realty Trust IncNot Halal6.76%AMTAmerican Tower CorpNot Halal5.11%CCICrown Castle IncNot Halal4.51%PLDPrologis IncDoubtful4.31%EXRExtra Space Storage IncNot Halal2.87%EQIXEquinix IncHalal2.59%KIMKimco Realty CorpNot Halal2.52%IRMIron Mountain IncNot Halal2.48%ELSEquity LifeStyle Properties IncDoubtful2.37%

Compliance History

Not Halalnow
since Jun 2026
Under Review
until the change above

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

Fiscal: N/AData source: FMP-LOOKTHROUGH

Halal Alternatives in Financial Services

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

GLDA+

SPDR Gold Shares

$368.41

+0.17%

SLVA+

iShares Silver Trust

$50.78

+0.47%

PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

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PYPL

PayPal Holdings, Inc.

C+

BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

Is Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) halal to invest in?

Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) 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 Cohen & Steers REIT and Preferred Income Fund, Inc. get a F compliance rating?

Cohen & Steers REIT and Preferred Income Fund, Inc.'s compliance grade is determined by AAOIFI Standard 21 screening, a two-step process: (1) qualitative screen for prohibited business activities and (2) quantitative check of debt, interest deposits, and prohibited income ratios. Scroll up to see the detailed ratio breakdown.

What could change Cohen & Steers REIT and Preferred Income Fund, Inc.'s Shariah verdict?

Cohen & Steers REIT and Preferred Income Fund, Inc.'s verdict is recalculated whenever the fund rebalances or holdings change materially. If the haram-weight of underlying holdings crosses 5% (the AAOIFI threshold for fund look-through), the verdict will flip to Not Halal. HalalScreener rescreens ETFs at each rebalance cycle.

How often is Cohen & Steers REIT and Preferred Income Fund, Inc. re-screened for Shariah compliance?

Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) 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: Jul 16, 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.