Is Blackstone Secured Lending Fund BXSL stock Halal to invest in?

No, as of September 2026, Blackstone Secured Lending Fund stock (BXSL) is not currently classified as a Shariah compliant stock. This verdict follows the screening methodology of AAOIFI (the Accounting and Auditing Organization for Islamic Financial Institutions), whose Shariah Standard No. 21 is the leading global benchmark for screening Halal stocks. To qualify as Halal under this standard, a company must keep non-permissible income below 5% of total revenue, keep both interest-bearing investments and interest-bearing debt below 30% of market capitalisation, and have no impermissible preference share structure. Blackstone Secured Lending Fund currently does not meet the threshold for the non-permissible income and interest-bearing debt screens. Because screenings are refreshed monthly as new financial reports are published, a non-compliant stock can regain compliant status if its financial structure changes. You can track the latest status of Blackstone Secured Lending Fund and discover Shariah compliant alternatives among the Halal stocks in the Tabadulat app.

How often is Blackstone Secured Lending Fund BXSL reviewed for Shariah compliance?

Tabadulat reviews Blackstone Secured Lending Fund BXSL for Shariah compliance every month. Each review applies the AAOIFI Shariah Standard No. 21 methodology, screening the company's business activities, non-permissible income, interest-bearing investments, interest-bearing debt, and preference shares, against the company's latest available financial data. The process operates under the direct supervision of Tabadulat's dedicated Shariah Supervisory Board of Islamic finance scholars. Because compliance depends on financial ratios that move with market capitalisation and reported results, a stock's status can change from one review to the next. Monthly screening ensures the status shown for Blackstone Secured Lending Fund reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.

Does Blackstone Secured Lending Fund BXSL pass the AAOIFI Non Permissible Income criteria?

No, as of September 2026, Blackstone Secured Lending Fund stock (BXSL) does not pass the AAOIFI non-permissible income screen. Under AAOIFI Shariah Standard No. 21, income from impermissible sources (such as interest or Riba, conventional financial services, alcohol, gambling, or tobacco) must remain below 5% of a company's total revenue. Blackstone Secured Lending Fund's income from non-permissible sources currently exceeds this 5% ceiling, which makes the stock non-compliant on this criterion regardless of how it performs on the other screens. The screen is reassessed monthly, so the status can change when the company releases new financial statements.

Does Blackstone Secured Lending Fund BXSL pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of September 2026, Blackstone Secured Lending Fund stock (BXSL) passes the AAOIFI interest-bearing investments screen. This screen looks at where the company parks its cash: conventional deposits, bonds, treasury bills and money-market funds all earn Riba, so AAOIFI caps them at 30% of market capitalisation. Blackstone Secured Lending Fund stays inside that cap in the latest screening. Because the ratio is measured against market capitalisation, it can move with the share price as well as the balance sheet, which is why Tabadulat rescreens the stock every month.

Does Blackstone Secured Lending Fund BXSL pass the AAOIFI Interest Bearing Debt criteria?

No, as of September 2026, Blackstone Secured Lending Fund stock (BXSL) does not pass the AAOIFI interest-bearing debt screen. Under AAOIFI Shariah Standard No. 21, a company's borrowings that accrue interest (conventional bank loans, bonds and similar Riba-based financing) must remain below 30% of its market capitalisation. Blackstone Secured Lending Fund's interest-bearing debt currently exceeds this 30% limit, meaning the company relies on Riba-based financing beyond the level AAOIFI permits for a Halal investment. A company can return to compliance by reducing debt or through changes in market capitalisation, and the screen is reassessed monthly.

What is the dividend purification factor for Blackstone Secured Lending Fund BXSL stock?

Blackstone Secured Lending Fund (BXSL) is currently classified as not Shariah compliant, so no dividend purification factor applies, because purification factors are calculated only for stocks that pass the AAOIFI screens. Purification (Tazkiyah) is the practice of donating to charity the small portion of dividend income that stems from incidental non-permissible sources, such as interest earned on a compliant company's cash deposits. For non-compliant stocks the issue is not purification but eligibility: under AAOIFI Shariah Standard No. 21 the stock does not currently qualify as a Halal investment. If Blackstone Secured Lending Fund returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Blackstone Secured Lending Fund BXSL pass the AAOIFI Preference Share screen?

Yes, as of September 2026, Blackstone Secured Lending Fund stock (BXSL) passes the AAOIFI preference share screen. AAOIFI Shariah Standard No. 21 prohibits investing in preference shares because they grant holders guaranteed or priority rights to dividends and capital ahead of ordinary shareholders, a structure that conflicts with the Shariah principle that investors should share profit and loss in proportion to their ownership. Blackstone Secured Lending Fund has no impermissible preference share structure affecting its ordinary shares, so the stock is compliant on this criterion. Like all AAOIFI screens, this is verified in each monthly review.

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Is Blackstone Secured Lending Fund (BXSL) stock Halal?

NYSE

Shariah-Compliant

Not Shariah

Blackstone Secured Lending Fund (BXSL) is not Shariah compliant in the September 2026 AAOIFI screening: it fails the non-permissible income and interest-bearing debt screens. Tabadulat re-screens BXSL monthly, and a stock can return to compliance when new financial reports change its ratios.

Sector:

Financial Services

Industry:

Asset Management

Employees:

Website:

https://www.bxsl.com

Market cap:

P/E ratio:

Dividend yield:

52-week range:

Data as of:

Screening history:

September 2026: FAIL

Blackstone Secured Lending Fund is a business development company that primarily focuses on providing financing solutions to middle-market companies. Its primary function is to offer secured debt financing, including first-lien and unitranche loans, which are designed to help businesses with capital needs ranging from growth initiatives to refinancing and acquisitions. Before any of that matters to a Muslim investor, one question comes first: is Blackstone Secured Lending Fund stock Halal?

Is Blackstone Secured Lending Fund Shariah compliant?

In financial services the activity screen carries the verdict more often than anywhere else: AAOIFI Shariah Standard No. 21 draws a hard line between fee based, permissible services and earning Riba as a business model. For Blackstone Secured Lending Fund, that distinction comes first, with the debt and investment ratios behind it.

Does Blackstone Secured Lending Fund pass the business activity test?

The activity screen is only part of the picture this month: Blackstone Secured Lending Fund 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 in this sector is the sharpest of all: revenue must come from permissible services, not from lending at interest.

Is Blackstone Secured Lending Fund's income Halal?

No. Blackstone Secured Lending Fund's 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 Blackstone Secured Lending Fund 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 What is Riba? A Clear Guide for Ethical Muslim Investing

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