
Is Star (STHO) stock Halal?
Under AAOIFI Shariah Standard No. 21, a Halal stock keeps non-permissible income below 5% of revenue and interest-bearing debt and investments each below 30% of market capitalisation. Star Holdings (STHO) does not meet the threshold for the interest-bearing investments and interest-bearing debt screens as of September 2026, so it is not Shariah compliant.
Star is a diversified holding company engaged in a variety of business operations and investments. Its primary function is to manage a portfolio of subsidiaries and affiliated companies across different sectors, which may include real estate, finance, technology, and consumer goods. By maintaining a diverse range of interests, Star Holdings aims to mitigate risk and capitalize on growth opportunities in multiple industries. For Muslim investors, though, the most pressing question is simpler: is Star a Halal investment?
Is Star Shariah compliant?
Property itself is a permissible asset, which is why real estate attracts Halal investors. The screening question for Star 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 Star pass the business activity test?
The activity screen is only part of the picture this month: Star 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 Star's income Halal?
Yes, within AAOIFI's tolerance. Star's income from non-permissible sources stays below 5% of revenue in the September 2026 screening.
Does Star 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 STHO 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



