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Is Barwa Real Estate (BRES) halal?

Qatar Exchange (QSE) · Real Estate
Not compliant

Barwa Real Estate is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 148.8% of market capitalisation (limit 30%); non-permissible (interest) income is 1.7% of revenue (limit 5%).

The AAOIFI financial screen

TestResultLimitStatus
Interest-bearing debt ÷ market capitalisation148.8%< 30%Over limit
Non-permissible income ÷ revenue1.7%< 5%Within limit

A ratio at or above 30% (debt) or 5% (income) fails. A debt ratio of 27–30% or an income ratio of 4–5% is marked "close to limit" and makes the company questionable.

About Barwa Real Estate

Barwa Real Estate Company is a prominent real estate firm based in Qatar, specializing in property investment, development, and management. Its primary role is to create sustainable and innovative development projects that contribute significantly to Qatar's real estate landscape. Barwa's portfolio includes residential communities, commercial properties, retail spaces, and mixed-use developments, reflecting its comprehensive approach to real estate solutions. The…

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Frequently asked questions

Is Barwa Real Estate (BRES) halal?

Barwa Real Estate is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 148.8% of market capitalisation (limit 30%); non-permissible (interest) income is 1.7% of revenue (limit 5%).

What makes a stock halal or haram?

Under AAOIFI Standard 21 a company must first have a permissible core business (no conventional banking or insurance, alcohol, tobacco, gambling or similar). Then interest-bearing debt must be under 30% of its market value and interest income under 5% of its revenue.

How much of Barwa Real Estate's dividends should be purified?

About 1.7% of each dividend, the share of the company's income that is not permissible. Donate that amount rather than keeping it.

How often is this updated?

Prices refresh daily and the ratios update when the company files new financial statements, usually every quarter. This page's data was last updated 2026-09-16.

Screened against AAOIFI Standard 21 using the company's latest reported financials (data updated 2026-09-16). This is an automated screen, not a fatwa; scholars differ on some thresholds. What each verdict means.