Is Rafael Holdings, Inc. RFL stock halal to invest in?

No, as of August 2026, Rafael Holdings, Inc. stock (RFL) 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. Rafael Holdings, Inc. currently does not meet the threshold for the non-permissible income and interest-bearing investments 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 Rafael Holdings, Inc. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Rafael Holdings, Inc. RFL reviewed for Shariah compliance?

Tabadulat reviews Rafael Holdings, Inc. RFL 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 Monthly screening ensures the status shown for Rafael Holdings, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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 Rafael Holdings, Inc. RFL pass the AAOIFI Non Permissible Income criteria?

No, as of August 2026, Rafael Holdings, Inc. stock (RFL) 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. Rafael Holdings, Inc.'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 Rafael Holdings, Inc. RFL pass the AAOIFI Interest Bearing Investments criteria?

No, as of August 2026, Rafael Holdings, Inc. stock (RFL) does not pass the AAOIFI interest-bearing investments screen. Under AAOIFI Shariah Standard No. 21, the cash a company places in interest-earning instruments (such as conventional deposits, bonds, treasury bills and money-market funds) must remain below 30% of its market capitalisation. Rafael Holdings, Inc.'s interest-bearing investments currently exceed this 30% limit, meaning too large a share of the company's value derives from riba-based instruments for the stock to qualify as halal on this criterion. The ratio moves with both the balance sheet and the share price, and is reassessed monthly.

Does Rafael Holdings, Inc. RFL pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, Rafael Holdings, Inc. stock (RFL) passes 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. This cap limits shareholders' exposure to interest-based leverage. Rafael Holdings, Inc.'s interest-bearing debt is currently within the 30% threshold. Because market capitalisation changes daily, a company's debt ratio can drift toward or away from the limit even without new borrowing, which is why this screen is reassessed every month.

What is the dividend purification factor for Rafael Holdings, Inc. RFL stock?

Rafael Holdings, Inc. (RFL) 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 Rafael Holdings, Inc. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Rafael Holdings, Inc. RFL pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Rafael Holdings, Inc. stock (RFL) 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. Rafael Holdings, Inc. 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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Rafael Holdings, Inc.

NYSE

Shariah-Compliant

Not Shariah

RFL

About

Rafael Holdings, Inc.

RFL

Rafael Holdings Inc. operates as a holding company with a focus on healthcare and real estate. Its primary function is to invest in and support the development of biopharmaceutical ventures alongside managing a portfolio of commercial real estate properties. The company actively engages in the life sciences sector, where it holds interests in entities exploring innovative cancer and metabolic disease therapies. These ventures reflect its strategic aim to contribute to groundbreaking medical advancements. In addition to its biopharmaceutical interests, Rafael Holdings owns and oversees office buildings situated primarily in Newark, New Jersey. This dual focus on both healthcare innovations and real estate investments underscores the company's diversified business model. By balancing real estate stability with potential high-growth healthcare opportunities, Rafael Holdings positions itself uniquely within the financial market. It serves as a bridge between traditional real estate investment and cutting-edge biotech endeavors, leveraging its resources to create value across different sectors. As a public company, Rafael Holdings offers investors exposure to both tangible property assets and pioneering medical technology developments, reflecting its integral role in advancing healthcare solutions while maintaining a solid real estate foundation.

Sector:

Real Estate

Industry:

Real Estate Services

Employees:

Website:

https://www.rafaelholdings.com

RFL

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Rafael Holdings, Inc.

About

Rafael Holdings, Inc.

RFL

Frequently asked questions

Is Rafael Holdings, Inc. RFL stock halal to invest in?

How often is Rafael Holdings, Inc. RFL reviewed for Shariah compliance?

Does Rafael Holdings, Inc. RFL pass the AAOIFI Non Permissible Income criteria?

Does Rafael Holdings, Inc. RFL pass the AAOIFI Interest Bearing Investments criteria?

Does Rafael Holdings, Inc. RFL pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Rafael Holdings, Inc. RFL stock?

Does Rafael Holdings, Inc. RFL pass the AAOIFI Preference Share screen?

Can I buy Rafael (RFL) stock on Tabadulat?

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