Nexus Industrial REIT

NXR_u.TO

Not Compliant
Exchange
Sector
Headquarters
Group
The Toronto Stock Exchange
Real Estate
Canada

Nexus Industrial REIT is not Shariah Compliant because it fails the financial ratios.

-

Impure Income*

$0.341

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
2.72%
✓
Impure Income

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

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

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
56.34%
✗
Cash
1.16%
✓
Cash & AR
1.16%
✓
Impure Income

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
56.34%
✗
Cash
1.16%
✓
Cash & AR
1.16%
✓
Impure Income

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
-

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

Nexus Industrial REIT (REIT) is a Canada-based real estate investment trust focused on increasing unitholder value through the acquisition of industrial properties located in primary and secondary markets in Canada and the ownership and management of its portfolio of properties. The REIT owns a portfolio of approximately 89 properties comprising approximately 12.9 million square feet of gross leasable area. Its properties include 11250-189 St, 3501 Giffen Rd North, 14404-14598 – 121A Ave NW, 2039 Airport Perimeter Rd, 7740 – 40th Ave, 6777 Edgar Industrial Drive, 502 – 25 Ave, 12104 & 12110 – 17th St NE, 4750 102 Ave SE, 12759 – 149th St NW, 261185 Wagon Wheel Way, 135 High Plains Dr, 18403 – 104 Ave, 1010 & 1064 Brier Park Dr NW, 5406 – 59th Ave, 2301 – 8th St, 4301 – 45 Ave, 27323-144 Township Rd 394, 8001 – 99 St, 4700 102 Ave SE, 41 Royal Vista Drive, NW, 2303A – 8th St, 14801 – 97th St, and 3780 & 4020 – 76TH Ave SE.