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Is JFB Construction (JFB) stock Halal?

NASDAQ
Shariah-Compliant
Not Shariah

As of the September 2026 screening, JFB Construction Holdings (JFB) 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 98.66%. The stock is re-screened every month.

JFB Construction is a business entity dedicated to the construction industry. It primarily focuses on offering a comprehensive range of construction services, which may include designing, building, and managing projects across various sectors. The company typically engages in residential, commercial, and industrial construction, ensuring clients receive high-quality results tailored to their specific needs. As part of its operations, Jfb Construction Holdings often collaborates with subcontractors, architects, and engineers to deliver projects on time and within budget. For Muslim investors, though, the most pressing question is simpler: is JFB Construction a Halal investment?

Is JFB Construction Shariah compliant?

Property itself is a permissible asset, which is why real estate attracts Halal investors. The screening question for JFB Construction 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 JFB Construction pass the business activity test?

Yes. In the September 2026 screening JFB Construction 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 JFB Construction's income Halal?

Yes, within AAOIFI's tolerance. JFB Construction's 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 98.66% tells holders of JFB what share of each dividend to keep and what remainder to donate to charity.

Does JFB Construction 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 JFB 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

Frequently asked questions

Is JFB Construction Holdings JFB stock Halal to invest in?

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How often is JFB Construction Holdings JFB reviewed for Shariah compliance?

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Does JFB Construction Holdings JFB pass the AAOIFI Non Permissible Income criteria?

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Does JFB Construction Holdings JFB pass the AAOIFI Interest Bearing Investments criteria?

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Does JFB Construction Holdings JFB pass the AAOIFI Interest Bearing Debt criteria?

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What is the dividend purification factor for JFB Construction Holdings JFB stock?

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Does JFB Construction Holdings JFB pass the AAOIFI Preference Share screen?

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Shariah Compliant in core.

Screening follows AAOIFI Standard and overseen by our Shariah Supervisory Board.

Sheikh Muhammad Ahmad Sultan

Sheikh Muhammad
Ahmad Sultan

Sheikh Muhammad Ahmad Sultan

Sheikh Dr. Irshad
Ahmad Aijaz

Sheikh Muhammad Ahmad Sultan

Sheikh Dr. Salah Fahad
Al Shalhoob

Sheikh Muhammad Ahmad Sultan

Sheikh Muhammad Ahmad Sultan

Masters in Fiqh and Usool ul Fiqh • 15+ years in GCC Islamic finance

Sheikh Dr. Irshad Ahmad Aijaz

Sheikh Dr. Irshad Ahmad Aijaz

Ph.D., Jamia Dar-ul-Uloom • Chairman, Shariah Advisory Committee, State Bank of Pakistan

Sheikh Dr. Salah Fahad Al Shalhoob

Sheikh Dr. Salah Fahad Al Shalhoob

Ph.D., University of Edinburgh • Assistant Professor, KFUPM

Page 1 of the Shariyah Review Bureau Opinion on Sharia Compliance issued to Tabadulat Limited, UID TBD-4392-02-02-07-25

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