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MREC – Al-Massaleh Real Estate Company KSCP

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Not Compliant

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Industry: Real Estate Rental, Development & Operations | Kuwait

Al-Massaleh Real Estate Company KSCP is not compliant with Shariah. The company’s financials fail all the five standards we check against.

Market cap: 35 MRev. Growth: 117.38%

AAOIFI ✗

Debt/MC624.69%
Non-Compliant Assets/MC21.89%

S&P ✗

Debt/36 mo MC694.53%
Cash/36 mo MC14.39%
AR/36 mo MC%

DJIM ✗

Debt/24 mo MC658.44%
Cash/24 mo MC13.64%
AR/24 mo MC%

FTSE ✗

Debt/Assets67.09%
Cash/Assets1.39%
Cash&AR/Assets1.39%

MSCI ✗

Debt/Assets67.09%
Cash/Assets1.39%
Cash&AR/Assets1.39%

1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

Total Analysts: 0


Al Massaleh Real Estate Co KSCP, a subsidiary of Kuwaiti Interests for Development Company KSCC, is a Kuwait-based company engaged in the real estate sector. The Company participates in public and private sector real estate projects and developments as an owner, broker and manager. The Company, along with its subsidiaries, is organized into the following business segments: Real estate Operations, which consists of the development, trading and leasing of real estate; Health Club Operations, which consists of the operations related to the Health Club; Project management and Feasibility Studies Operations, which includes project management, and Hotel Operations, which consists of operations related to hotels. The Company’s subsidiaries include Tameer Real Estate Investment Company KSCC and Lebanese Interest Company SAL, among others.

We do our best to screen stocks as accurately as possible. Please let us know in the comments if you spot an error or find something questionable. Jazaak Allahu khairan.

To understand how the screening is done, please read the Shariah Screening Methodology page.

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