Real estate ETF

📈 Investing & Markets Alternative Investments
#1

Salam O Alaikum,

Any suggestions for halal real estate EFT, funds?

#2

If you’re looking for a pre-vetted ETF, check out $SPRE by SP Funds. If you want to avoid the expense ratio, just view the ETF’s holdings and invest in them directly.

Alternatively, if you’re using Zoya, scroll down on the Companies screen, click “See All” in the Finance sector, then “Filter” on the top right, and select Shariah Compliant only. You’ll find a few shariah compliant REITs in the list there.

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#3

Jazak Allaahu kharun

#4

Are there debt-free REITs?

#5

$RITA ( ETFB Green SRI REITs ETF) is another Shariah-compliant real estate ETF. It was recently listed on NYSE in December 2021

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#7

A post was split to a new topic: AAOIFI: Zoya and other places

#8

This is an interesting product $RITA. It appears to go beyond just a numerical screen, it includes social/environmental.

Highlights

REITs are screened to eliminate REITs earning more than 5% of their income from interest-bearing investments or from the following business activities or tenants engaged in such activities:|Alcoholic Beverages|Tobacco|Gambling / Casino|
|Firearms|Military / Weapons of Mass Destruction|Adult Entertainment|
|Music and Radio|Cinema and Television|Conventional Financial Services|
|Embryonic Stem Cells|Pork Related Products|

Green Screening. Eligible REITs are further screened to eliminate any REITs that have not received a Green Certification from an eligible third-party certifying body (e.g., LEED certifications from the U.S. Green Building Council or BREEAM certifications from Building Research Establishment Ltd.).

Financial Screening. Eligible companies are further screened to eliminate REITs whose interest-bearing debt exceeds 33% of the market value of the REIT’s assets (or book value, if higher).

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#9

Asalaam Alaikum Saad. Ramadan Kareem!

I have recently paid to become an annual member of the Zoya Pro and Masha’Allah it is a very useful app. Kudos to you and the team!

Question: Are the two REIT ETFs listed below HALAL?

  1. (RITA) ETFB Green SRI REITs ETF (as per Zoya 51.56% non-compliant)
  2. (REET) iShares Global REIT ETF (as per Zoya 50.37% non-compliant)

However, some websites like SeekingAlpha, GetBaraka (https://getbaraka.com/en/learn/halal-etf-list), Islamic Finance News, NASDAQ (https://www.nasdaq.com/articles/etfb-green-sri-reits-etf-rita-merges-shariah-principals-and-green-investing) have classified them as Shariah-compliant.

Kindly advise.