AvalonBay Communities Inc

AVB

Compliant
Exchange
Sector
Headquarters
Group
NYSE
Real Estate
USA
Large cap

AvalonBay Communities Inc is Shariah Compliant. It passes 3/5 Shariah standards we screen against.

1.61%

Impure Income*

$0.084

Purification*

$0.024

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Large cap
BUY
$231.58
$213.00
$255.00
14
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
4.63%
31.43%
37.06%
0.00
0.20
-16.16%

Shariah Compliance

  • Updated on July 26, 2025
Debt
29.52%
✓
Non-Compliant Assets
✓
Impure Income
1.61%
✓

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
30.21%
✓
Impure Income
1.61%
✓

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
29.46%
✓
Impure Income
1.61%
✓

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
39.23%
✗
Cash
0.25%
✓
Cash & AR
0.25%
✓
Impure Income
1.61%
✓

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
39.23%
✗
Cash
0.25%
✓
Cash & AR
0.25%
✓
Impure Income
1.61%
✓

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
1.61%

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

AvalonBay Communities, Inc. is a real estate investment trust (REIT). The Company develops, redevelops, acquires and manages apartment communities in metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company’s expansion regions of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado. The Company focuses on metropolitan areas in these regions. The Company’s segments include Same Store, Other Stabilized and Development/Redevelopment. The Company owns or holds a direct or indirect ownership interest in operating apartment communities containing apartment homes in 11 states and the District of Columbia. The Company operates under four core brands, which include Avalon, AVA, eaves by Avalon, and Kanso. Its core Avalon brand focuses on upscale apartment living and high-end amenities and services.

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