Firm Capital Apartment Real Estate Investment Trust

FCA_u.V

Not Compliant
Exchange
Sector
Headquarters
Group
Canadian Ventures Exchange
Real Estate
Canada

Firm Capital Apartment Real Estate Investment Trust is not Shariah Compliant because of its involvement in 0 and related activities.

17.09%

Impure Income*

$0.034

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
#N/A%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth

Shariah Compliance

  • Updated on July 21, 2026
Debt
100%
✗
Non-Compliant Assets
54.69%
✗
Impure Income
17.09%
✗

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
100%
✗
Impure Income
17.09%
✗

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
100%
✗
Impure Income
17.09%
✗

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
37.69%
✗
Cash
10.85%
✓
Cash & AR
11.27%
✓
Impure Income
17.09%
✗

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
37.69%
✗
Cash
10.85%
✓
Cash & AR
11.27%
✓
Impure Income
17.09%
✗

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
17.09%

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

Firm Capital Apartment Real Estate Investment Trust (the Trust) is a Canada-based multi-residential real estate investment trust. The Trust is a United States focused real estate investment trust that pursues multi-residential income-producing real estate and related debt investments on both a wholly owned and joint venture basis. The Trust has ownership interests in apartment units diversely located Florida, Connecticut, Texas, New York, Georgia and Maryland. It provides a range of products and services, such as real estate investments, private equity, alternative credit, and mortgage banking, which includes mortgage services, lending programs, and mortgage brokers. It offers a complete line of lending programs for the residential and commercial real estate markets, including mezzanine and joint venture programs. Capital Realty Partners Advisors Inc. is the investment manager of the Trust.