Site Centers Corp

SITC

Not Compliant
Exchange
Sector
Headquarters
Group
NYSE
Real Estate
USA
Micro Cap

Site Centers Corp is not Shariah Compliant because of its involvement in Non-Halal Food0/5> and related activities.

5.88%

Impure Income*

$0.023

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Micro Cap
HOLD
$6.00
140.06%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
-1.26%
143.84%
0.00
2.75
0.00%

Shariah Compliance

Debt
Non-Compliant Assets
Impure Income
5.88%

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
Impure Income
5.88%

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
Impure Income
5.88%

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
Cash
28.43%
Cash & AR
31.54%
Impure Income
5.88%

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
Cash
28.43%
Cash & AR
31.54%
Impure Income
5.88%

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
5.88%

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

SITE Centers Corp. is the owner and manager of open-air shopping centers. The Company is a self-administered and self-managed real estate investment trust (REIT) operating as a fully integrated real estate company. It is in the business of owning, leasing, acquiring, redeveloping and managing shopping centers. The Company’s tenant base includes a mixture of national and regional retail chains and local tenants. The Company’s properties include Ahwatukee Foothills Towne Center, The Pike Outlets, Connecticut Commons, Shoppes at Paradise Pointe, Towne Center Prado, The Maxwell, Brookside Marketplace, Independence Commons, Route 22 Retail Center, Meadowmont Crossing, Meadowmont Market, Poyner Place, University Centre, The Blocks, Ashley Crossing and Commonwealth Center. The Ahwatukee Foothills Towne Center is a 705,696-square-foot retail property located in Maricopa County at I-10 & E Ray Road in Phoenix, Arizona.