Is Rayonier Inc. (RYN) halal? Doubtful. Based on AAOIFI screening, Rayonier Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 56/100 (Grade: C+).

Rayonier Inc.

RYN: Is Rayonier Inc. Halal?

Doubtful

Rayonier Inc.

NYSEReal EstateUS

$20.90

+1.75%

Purify ~3.5% of income

About Rayonier Inc.

Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand. As of December 31, 2020, Rayonier owned or leased under long-term agreements approximately 2.7 million acres of timberlands located in the U.S. South (1.73 million acres), U.S. Pacific Northwest (507,000 acres) and New Zealand (417,000 acres). The Company also acts as the managing member in a private equity timber fund business with three funds comprising approximately 141,000 acres. On a look-through basis, the Company's ownership in the timber fund business equates to approximately 17,000 acres.

Sector: Real Estate 路 Industry: REIT - Specialty

Why This Stock Is Doubtful

  • Debt is 25.7% of market cap, only 4.3 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
C+

Fair

Some financial ratios approaching limits

56Score

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 Cap25.7% / 30.0%

Compliance History

  1. Doubtfulnow

    since Jun 2026

  2. Not Halal

    until the change above

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

Screened: Jun 17, 2026Fiscal: Q1 2026Source: EDGAR

Purify Your RYN Dividends

3.5% non-compliant income

RYN has 3.5% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

3.2B

Price

$20.90

Sector

Real Estate

Industry

REIT - Specialty

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Frequently Asked Questions

Is Rayonier Inc. (RYN) halal to invest in?
Rayonier Inc. (RYN) 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 Rayonier Inc. get a C+ compliance rating?
Rayonier Inc. (RYN) received a grade of C+ (Fair) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 25.7% (limit 30%); interest-bearing deposits of 6.6% (limit 30%); prohibited income of 3.48% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Rayonier Inc.'s Shariah verdict?
Rayonier 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 Rayonier Inc. re-screened for Shariah compliance?
Rayonier Inc. (RYN) 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.