IYR

iShares U.S. Real Estate ETF

HARAM — DATA INCOMPLETEetf

Is IYR Halal?

REIT ETF — same concerns as VNQ.

What You Should Know

iShares reports IYR net assets of $4.670 billion and 61 holdings as of July 13, 2026. The issuer page does not expose a complete balance sheet or income statement in the current page data, so the quantitative screen remains incomplete while REIT leverage, mortgage exposure and tenant activity require qualitative review.

⚠️ Concerns

  • REIT interest-based leverage
  • Conventional debt
  • Mortgage REITs and mixed tenant activity
  • Current issuer-page disclosure lacks complete financial lines

Current quantitative Sharia screen

Based on Issuer financial and holdings disclosure figures for the period ended 2026-07-13; calculated 2026-07-14.

USD · millions
Interest-bearing debt / assets
0.00%Within limit
Below 33.333% under FTSE Yasaar

0 / 4,669.931

Cash + interest-bearing securities / assets
0.00%Within limit
Below 33.333% under FTSE Yasaar

0 / 4,669.931

Receivables + cash / assets
0.00%Within limit
Below 50% under FTSE Yasaar

0 / 4,669.931

FTSE Yasaar
v4.6, February 2026
Financial
Incomplete
Overall
Incomplete

The issuer page supplies a current net-asset denominator but not complete income, debt, liquidity or receivables line items; the provisional zeros are not treated as a pass.

MSCI Islamic (total-assets series)
October 2024 methodology
Financial
Pass
Overall
Incomplete

No reported debt, liquidity or receivables are available in the issuer-page data, but the missing balance-sheet lines and underlying REIT activity prevent a complete conclusion.

Malaysia SAC financial ratios
single 5% activity benchmark adopted November 2025
Financial
Pass
Overall
Incomplete

The issuer page does not report line items that would establish a complete Malaysia ratio calculation; underlying REIT activity also remains incomplete.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
Financial
Not calculated
Overall
Incomplete

A licensed historical look-through market-cap series and universal issuer activity convention are not stored.

Business-activity disclosure

IYR tracks U.S. real-estate equities and REITs. Real-estate ownership can be permissible, but underlying financing, mortgage REITs and tenant activities require issuer- and scholar-specific analysis.

Limitation: The current issuer page provides net assets and holdings but not a complete balance sheet, income statement or universal prohibited-revenue numerator.

Purification

No complete fund-level income statement or scholar-approved purification schedule is available in the current issuer-page disclosure; ZakatInvest does not infer one.

Inputs, assumptions and primary sources
  • The iShares issuer page reports IYR net assets of $4,669.931170 million as of July 13, 2026 and 61 holdings; this value is used as the current fund asset denominator.
  • The public issuer page does not expose a complete contemporaneous statement of assets and liabilities or statement of operations in the page data. Unreported cash, receivables, debt and income are represented as zero only as placeholders and are not evidence of a quantitative pass.
  • IYR's holdings are U.S. real-estate equities and REITs; issuer-level debt, mortgage exposure, tenant activity and income require a complete look-through dataset.
  • This record intentionally remains incomplete until a directly attributable financial statement supplies the missing line items.

This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.

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