Is Equity LifeStyle Properties, Inc. (ELS) halal? Doubtful. Based on AAOIFI screening, Equity LifeStyle Properties, Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 71/100 (Grade: B+).

Equity LifeStyle Properties, Inc.

ELS: Is Equity LifeStyle Properties, Inc. Halal?

Doubtful

Equity LifeStyle Properties, Inc.

NYSEReal EstateUS

$61.45

+1.12%

Purify ~1.2% of income

About Equity LifeStyle Properties, Inc.

We are a self-administered, self-managed real estate investment trust (REIT) with headquarters in Chicago. As of January 25, 2021, we own or have an interest in 423 quality properties in 33 states and British Columbia consisting of 161,229 sites.

Sector: Real Estate 路 Industry: REIT - Residential

Why This Stock Is Doubtful

  • Debt is 27.0% of market cap, only 3.0 points below the 30% AAOIFI limit

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 17, 2026
B+

Good

Good compliance with minor concerns

71Score

Business Activity Screen

Passed

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

Financial Ratio Screen

Passed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap27.0% / 30.0%

Compliance History

  1. Doubtfulnow

    since Jun 2026

  2. Not Halal

    until the change above

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

Screened: Jun 17, 2026Fiscal: FY 2025Source: FMP

Purify Your ELS Dividends

1.2% non-compliant income

ELS has 1.2% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

11.9B

Price

$61.45

Sector

Real Estate

Industry

REIT - Residential

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Frequently Asked Questions

Is Equity LifeStyle Properties, Inc. (ELS) halal to invest in?
Equity LifeStyle Properties, Inc. (ELS) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.
Why did Equity LifeStyle Properties, Inc. get a B+ compliance rating?
Equity LifeStyle Properties, Inc. (ELS) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 27.0% (limit 30%); interest-bearing deposits of 0.2% (limit 30%); prohibited income of 1.20% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Equity LifeStyle Properties, Inc.'s Shariah verdict?
Equity LifeStyle Properties, 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 Equity LifeStyle Properties, Inc. re-screened for Shariah compliance?
Equity LifeStyle Properties, Inc. (ELS) 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: Jun 17, 2026.

Screened according to AAOIFI Standard No. 21 路 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.