
Is J.W. Mays (MAYS) stock Halal?
As of the September 2026 screening, J.W. Mays, Inc. (MAYS) meets every AAOIFI Shariah Standard No. 21 requirement: non-permissible income, interest-bearing investments and interest-bearing debt all sit within the thresholds, and there is no impermissible preference share structure. The dividend purification factor is 99.84%. The stock is re-screened every month.
J.W. Mays is a company primarily engaged in the real estate business, focusing on owning and operating commercial properties. Its main function is managing a portfolio of properties, which include retail shopping centers and industrial buildings primarily situated within the state of New York. J.W. Mays offers rental space for various business needs, impacting local markets by providing essential commercial real estate solutions. For Muslim investors, though, the most pressing question is simpler: is J.W. Mays a Halal investment?
Is J.W. Mays Shariah compliant?
Property itself is a permissible asset, which is why real estate attracts Halal investors. The screening question for J.W. Mays is how the portfolio is financed and whether rental income flows from impermissible tenants; the debt cap and the 5% income ceiling of AAOIFI Shariah Standard No. 21 carry the verdict.
Does J.W. Mays pass the business activity test?
Yes. In the September 2026 screening J.W. Mays holds an overall PASS, which a stock only earns when its core business clears the activity screen. The watch item is the tenant roll: rental income from impermissible businesses counts against the 5% ceiling.
Is J.W. Mays' income Halal?
Yes, within AAOIFI's tolerance. J.W. Mays' income from non-permissible sources stays below 5% of revenue in the September 2026 screening, and the small impure portion is handled through purification: the factor of 99.84% tells holders of MAYS what share of each dividend to keep and what remainder to donate to charity.
Does J.W. Mays meet AAOIFI's debt and investment ratio requirements?
Yes. Both caps hold this month: interest bearing investments and interest bearing debt each stay below 30% of market capitalisation. Because the caps move with the share price, our Shariah Supervisory Board has MAYS re-screened every month, and the result above always shows the latest verdict.
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



