
Is RE/MAX (RMAX) stock Halal?
As of the September 2026 screening, RE/MAX Holdings, Inc. (RMAX) does not meet the AAOIFI Shariah Standard No. 21 threshold for the interest-bearing investments and interest-bearing debt screens, so the stock is not currently classified as Shariah compliant. It is re-screened every month and can regain compliance if its financial structure changes.
RE/MAX is a leading franchisor in the real estate industry, providing franchise support services for real estate brokerage operations. Its primary function is to offer branding, training, technology, and various support services to its franchisee network comprised of independently owned and operated real estate brokerages. Re/Max focuses on empowering real estate professionals by providing them with a recognized brand and innovative tools to enhance their business operations. For Muslim investors, though, the most pressing question is simpler: is RE/MAX a Halal investment?
Is RE/MAX Shariah compliant?
Property itself is a permissible asset, which is why real estate attracts Halal investors. The screening question for RE/MAX 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 RE/MAX pass the business activity test?
The activity screen is only part of the picture this month: RE/MAX currently fails the interest-bearing investments 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 RE/MAX's income Halal?
Yes, within AAOIFI's tolerance. RE/MAX's income from non-permissible sources stays below 5% of revenue in the September 2026 screening.
Does RE/MAX meet AAOIFI's debt and investment ratio requirements?
No. Both ratios currently breach the 30% caps: interest bearing investments and interest bearing debt each exceed the limit AAOIFI permits for a Halal investment. The ratios move with the share price as well as the balance sheet, and our Shariah Supervisory Board has RMAX re-screened every month.
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



