IRSA Inversiones y Representaciones SA

IRS

Not Compliant
Exchange
Sector
Headquarters
Group
NYSE
Real Estate
Argentina
Small Cap

IRSA Inversiones y Representaciones SA is not Shariah Compliant because its Impure Income is more than 5% of its total revenues.

20.07%

Impure Income*

$0.033

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Small Cap
BUY
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
40.94%
64.02%
1.71
1.75

Shariah Compliance

  • Updated on September 22, 2026
Debt
60.31%
✗
Non-Compliant Assets
100%
✗
Impure Income
20.07%
✗

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
62.31%
✗
Impure Income
20.07%
✗

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
60.37%
✗
Impure Income
20.07%
✗

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
21.01%
✓
Cash
82.03%
✗
Cash & AR
86.25%
✗
Impure Income
20.07%
✗

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
21.01%
✓
Cash
82.03%
✗
Cash & AR
86.25%
✗
Impure Income
20.07%
✗

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

Hotels and Financial Services
19.11%
Interest Income
0.96%

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

IRSA Inversiones y Representaciones SA is an Argentina-based company primarily engaged in the real estate sector. The Company’s scope of activities is operated through five business segments: Shopping Malls, which primarily focuses on service and lease of controlled shopping malls; Offices, which is associated with office-leasing services; Hotels, through which the operation of Company-owned hotels, which encompass room, catering, as well as restaurant facilities, is conducted; Sales and Developments, which relies on various activities in regards to rental properties as well as development, maintenance, and sales of both undeveloped parcels as well as trading properties; Others, which is connected with providing a range of entertainment activities coordinated through the companies that are associated with the Company, which include La Arena SA, La Rural SA, among others.

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