Is Emaar Properties (EMAAR) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 8.6% / 30% | 57.8% / 30% | 1.8% / 30% | 5.06% / 5% | ✗ NOT HALAL |
| DJIM | 8.6% / 33% | 57.8% / 33% | 1.8% / 33% | 5.06% / 5% | ✗ NOT HALAL |
| MSCI | 5.7% / 33% | 38.2% / 33% | 1.2% / 33% | 5.06% / 5% | ✗ NOT HALAL |
| S&P | 8.6% / 33% | 57.8% / 33% | 1.8% / 33% | 5.06% / 5% | ✗ NOT HALAL |
| FTSE | 5.7% / 33% | 38.2% / 33% | 1.2% / 50% | 5.06% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 54.9% | |
| Operating Margin | 46.3% | |
| Net Margin | 35.5% | |
| Return on Equity (ROE) | 21.9% | |
| Return on Assets (ROA) | 8.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $33.5B |
| Free Cash Flow | $32.5B |
| Total Debt | $10.6B |
| Debt-to-Equity | 9.9 |
| Current Ratio | 7.4 |
| Total Assets | $186.7B |
Price & Trading
| Last Close | AED 12.15 |
| 50-Day MA | AED 14.73 |
| 200-Day MA | AED 14.27 |
| Avg Volume | 22.4M |
| Beta | 0.2 |
|
52-Week Range
AED 10.15
| |
About Emaar Properties (EMAAR)
Emaar Properties PJSC, together with its subsidiaries, engages in the property investment, development, and development management business in the United Arab Emirates and internationally. It operates through three segments: Real Estate; Leasing, Retail and Related Activities; and Hospitality. The Real Estate segment develops, sells, and manages condominiums, villas, commercial units, and plots of land. The Leasing, Retail and Related Activities segment develops, leases, and manages malls, as well as retail, commercial, and residential spaces. The Hospitality segment develops, owns, and/or manages hotels and serviced apartments. This segment is also involved in leisure activities. The company also offers shopping malls and retail, hospitality, property management, and utility services, as well as invests in providers of financial services. In addition, it is engages in entertainment activities. Emaar Properties PJSC was incorporated in 1997 and is headquartered in Dubai, the United Arab Emirates.
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Frequently Asked Questions
Is Emaar Properties (EMAAR) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Emaar Properties 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 Emaar Properties's debt ratio?
Emaar Properties's debt ratio is 8.6% 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 5.7%.
What are Emaar Properties's key financial metrics?
Emaar Properties has a market capitalization of $106.9B, trailing P/E ratio of 6.1, and revenue of $49.6B. The company maintains a gross margin of 54.9% and a net margin of 35.5%. Return on equity stands at 21.9%.
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.