INO_u – Inovalis Real Estate Investment Trust

Not Compliant

Inovalis Real Estate Investment Trust is not Shariah Compliant because it fails the financial ratios.

  • Real Estate
  • Canada
Inovalis Real Estate Investment Trust is a Canada-based real estate investment trust. The Company is formed for the purpose of acquiring and owning office properties primarily located in France, Germany and Spain. It holds approximately 13 assets. Its France properties include Sabliere, Baldi, Delizy, Gaia, Metropolitain and Arcueil. Its Germany properties include Trio, Kosching, Neu Isenburg, Stuttgart, Bad Homburg and Duisburg. Its Spain property is Delgado. It acquires (indirectly) real estate properties via CanCorPEurope, authorized Alternative Investment Fund (AIF) and managed by INOVALIS S.A.

AAOIFI ✗

Debt ÷ Market cap (MC)625.31✗
Non-Compliant Assets ÷ MC1187.72✗
Impure Income (incl. Interest)9.58✗
Impure Income%
Interest Income9.58%
Total9.58%

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