Is Ascendas REIT (A17U) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 66.8% / 30% | 1.8% / 30% | 1.4% / 30% | 0.17% / 5% | ✗ NOT HALAL |
| DJIM | 66.8% / 33% | 1.8% / 33% | 1.4% / 33% | 0.17% / 5% | ✗ NOT HALAL |
| MSCI | 40.2% / 33% | 1.1% / 33% | 0.8% / 33% | 0.17% / 5% | ✗ NOT HALAL |
| S&P | 66.8% / 33% | 1.8% / 33% | 1.4% / 33% | 0.17% / 5% | ✗ NOT HALAL |
| FTSE | 40.2% / 33% | 1.1% / 33% | 0.8% / 50% | 0.17% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 64.0% | |
| Operating Margin | 63.6% | |
| Net Margin | 49.5% | |
| Return on Equity (ROE) | 7.4% | |
| Return on Assets (ROA) | 3.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $1.1B |
| Free Cash Flow | $1.1B |
| Total Debt | $8.0B |
| Debt-to-Equity | 73.5 |
| Current Ratio | 0.2 |
| Total Assets | $19.9B |
Price & Trading
| Last Close | SGD 2.48 |
| 50-Day MA | SGD 2.70 |
| 200-Day MA | SGD 2.76 |
| Avg Volume | 15.9M |
| Beta | 0.5 |
|
52-Week Range
SGD 2.40
| |
About Ascendas REIT (A17U)
CapitaLand Ascendas REIT (CLAR) is Singapore's first and largest listed business space and industrial real estate investment trust. It was listed on the Singapore Exchange Securities Trading Limited (SGX-ST) in November 2002. CLAR has since grown to be a global REIT anchored in Singapore, with a strong focus on technology and logistics properties in developed markets. As at 31 December 2025, its investment properties under management stood at S$18.2 billion. It owns a total of 226 properties across three segments, namely Business Space & Life Sciences; Industrial & Data Centres; and Logistics. These properties are in the developed markets of Singapore, Australia, the US, and the UK/Europe. These properties house a tenant base of 1,731 international and local companies from a wide range of industries and activities, including data centres, information technology, engineering, logistics & supply chain management, biomedical sciences, financial services (backroom office support), electronics, government and other manufacturing and services industries. Major tenants include Sea Group, DSO National Laboratories, Stripe, Entserve UK, Singtel, DHL, Seagate Singapore, DBS Bank and Citibank. CapitalLand Ascendas REIT was established on October 09, 2002.
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Frequently Asked Questions
Is Ascendas REIT (A17U) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Ascendas 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 Ascendas REIT's debt ratio?
Ascendas REIT's debt ratio is 66.8% 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 40.2%.
What are Ascendas REIT's key financial metrics?
Ascendas REIT has a market capitalization of $11.5B, trailing P/E ratio of 14.7, and revenue of $1.5B. The company maintains a gross margin of 64.0% and a net margin of 49.5%. Return on equity stands at 7.4%.
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.