Is Altisource Portfolio Solutions (ASPS) stock Halal?
Altisource Portfolio Solutions SA (ASPS) is not Shariah compliant in the September 2026 AAOIFI screening: it fails the non-permissible income and interest-bearing debt screens. Tabadulat re-screens ASPS monthly, and a stock can return to compliance when new financial reports change its ratios.
Altisource Portfolio Solutions is an integrated service provider specializing in the real estate and mortgage industries, with a focus on both technology-driven solutions and transaction services for institutional clients. The company operates through two main segments: Servicer and Real Estate, which provide offerings such as property preservation, real estate valuation, foreclosure trustee services, and residential asset management; and Origination, which delivers loan fulfillment, insurance, and document management tools to lenders and mortgage originators. Before any of that matters to a Muslim investor, one question comes first: is Altisource Portfolio Solutions stock Halal?
Is Altisource Portfolio Solutions Shariah compliant?
Real estate begins from a strong position in Shariah screening: buildings and land are permissible assets. What AAOIFI Shariah Standard No. 21 examines for Altisource Portfolio Solutions is the mortgage financing behind the portfolio, capped at 30% of market capitalisation, and whether tenant income includes impermissible sources beyond the 5% ceiling.
Does Altisource Portfolio Solutions pass the business activity test?
The activity screen is only part of the picture this month: Altisource Portfolio Solutions currently fails the non-permissible income and interest-bearing debt screens, so the overall verdict is not compliant regardless of the business itself. The watch item is the tenant roll: rental income from impermissible businesses counts against the 5% ceiling.
Is Altisource Portfolio Solutions' income Halal?
No. Altisource Portfolio Solutions' income from impermissible sources currently exceeds AAOIFI's 5% revenue ceiling, which makes the stock non-compliant on this screen regardless of the others. The screen is reassessed monthly, so the status can change when new financial statements arrive.
Does Altisource Portfolio Solutions meet AAOIFI's debt and investment ratio requirements?
Not in full. Interest bearing debt currently exceeds the 30% cap, while the other ratio stays within it. One breach is enough to fail the screening; the ratios are reassessed monthly under our Shariah Supervisory Board.
Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.
New to the four screens? Read REITs: Halal Real Estate for Muslim Investors



