Is Link REIT (0823) Halal?
Shariah Screening — 5 Standards
Based on financial data from March 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 53.2% / 30% | 3.2% / 30% | 0.2% / 30% | 1.57% / 5% | ✗ NOT HALAL |
| DJIM | 53.2% / 33% | 3.2% / 33% | 0.2% / 33% | 1.57% / 5% | ✗ NOT HALAL |
| MSCI | 23.1% / 33% | 1.4% / 33% | 0.1% / 33% | 1.57% / 5% | ✓ HALAL |
| S&P | 53.2% / 33% | 3.2% / 33% | 0.2% / 33% | 1.57% / 5% | ✗ NOT HALAL |
| FTSE | 23.1% / 33% | 1.4% / 33% | 0.1% / 50% | 1.57% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 76.1% | |
| Operating Margin | 67.3% | |
| Net Margin | -48.0% | |
| Return on Equity (ROE) | -4.4% | |
| Return on Assets (ROA) | 2.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $9.0B |
| Free Cash Flow | $8.9B |
| Total Debt | $52.9B |
| Debt-to-Equity | 36.2 |
| Current Ratio | 0.4 |
| Total Assets | $229.2B |
Price & Trading
| Last Close | HKD 35.98 |
| 50-Day MA | HKD 36.65 |
| 200-Day MA | HKD 39.19 |
| Avg Volume | 12.7M |
| Beta | 0.9 |
|
52-Week Range
HKD 32.65
| |
About Link REIT (0823)
Link Real Estate Investment Trust (Link REIT) is the largest REIT in Asia by many measures including asset value. Managed by Link Asset Management Limited (Link), a leading, independent and fully-integrated real estate investor and manager focusing on the APAC region, Link REIT has been entirely owned by independent investors since its listing in November 2005 as the first REIT in Hong Kong. After initially acquiring a portfolio of shopping centres and car parks in Hong Kong valued at around HK$33 billion at the time of its IPO, Link has grown and diversified the Link REIT's property portfolio. Today, the portfolio includes retail facilities, car parks, offices, and logistics assets which span Hong Kong, Mainland China, Australia, Singapore, and the UK, with a total valuation of around HK$226 billion (As at 31 March 2025). Link aims to further grow and diversify the Link REIT portfolio to continue delivering resilient returns and growth to Unitholders. Link REIT is a constituent of the Hong Kong securities market benchmark Hang Seng Index, as well as a component of the Dow Jones Sustainability Asia Pacific Index, the FTSE4Good Index Series and the Hang Seng Corporate Sustainability Index. Asset management, portfolio management and capital management are three pillars of our management strengths. We are committed to integrating Environment, Social and Governance (ESG) considerations into our strategy and daily operations.
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Frequently Asked Questions
Is Link REIT (0823) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Link REIT is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Link REIT's debt ratio?
Link REIT's debt ratio is 53.2% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 23.1%.
What are Link REIT's key financial metrics?
Link REIT has a market capitalization of $94.1B, and revenue of $14.2B. The company maintains a gross margin of 76.1% and a net margin of -48.0%. Return on equity stands at -4.4%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.