Is Elme Communities (ELME) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 367.6% / 30% | 3.2% / 30% | 6.6% / 30% | 0.52% / 5% | ✗ NOT HALAL |
| DJIM | 367.6% / 33% | 3.2% / 33% | 6.6% / 33% | 0.52% / 5% | ✗ NOT HALAL |
| MSCI | 37.9% / 33% | 0.3% / 33% | 0.7% / 33% | 0.52% / 5% | ✗ NOT HALAL |
| S&P | 367.6% / 33% | 3.2% / 33% | 6.6% / 33% | 0.52% / 5% | ✗ NOT HALAL |
| FTSE | 37.9% / 33% | 0.3% / 33% | 0.7% / 50% | 0.52% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 59.2% | |
| Operating Margin | -3.4% | |
| Net Margin | -74.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $95M |
| Free Cash Flow | $95M |
| Total Debt | $520M |
| Debt-to-Equity | 78.1 |
| Total Assets | $2.1B |
Price & Trading
| Last Close | $2.02 |
| 50-Day MA | $2.26 |
| 200-Day MA | $12.75 |
| Avg Volume | 4.3M |
| Beta | 0.8 |
|
52-Week Range
$1.98
| |
About Elme Communities (ELME)
Elme Communities is committed to elevating what home can be for middle-income renters by providing a higher level of quality, service, and experience. The Company is a multifamily real estate investment trust that owns and operates approximately 9,400 apartment homes in the Washington, DC metro and the Atlanta metro regions, and owns approximately 300,000 square feet of commercial space.
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Frequently Asked Questions
Is Elme Communities (ELME) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Elme Communities 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 Elme Communities's debt ratio?
Elme Communities's debt ratio is 367.6% 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 37.9%.
What are Elme Communities's key financial metrics?
Elme Communities has a market capitalization of $179M, and revenue of $242M. The company maintains a gross margin of 59.2% and a net margin of -74.7%.
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.