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NREK – National Real Estate Co KSCP

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Compliant

★★☆☆☆

Industry: Real Estate Rental, Development & Operations | Kuwait

National Real Estate Co KSCP is Shariah compliant. The company’s financials pass two standards and fail in three.

Market cap: 1,218 MRev. Growth: 51.85%

AAOIFI ✗

Debt/MC34.25%
Non-Compliant Assets/MC%
Impure Income (incl. Interest)0.23%
Impure Income%
Interest Income0.23%
Total0.23%

S&P ✗

Debt/36 mo MC63.53%
Cash/36 mo MC0.82%
AR/36 mo MC11.1%

DJIM ✗

Debt/24 mo MC52.16%
Cash/24 mo MC0.68%
AR/24 mo MC9.11%

FTSE ✓

Debt/Assets19.26%
Cash/Assets0.25%
Cash&AR/Assets3.61%
Impure Income (incl. Interest)0.23%
Impure Income%
Interest Income0.23%
Total0.23%

MSCI ✓

Debt/Assets19.26%
Cash/Assets0.25%
Cash&AR/Assets3.61%

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

Total Analysts: 0


National Real Estate Co KSCP (NREC) is a Kuwait-based public shareholding company that operates in the real estate sector. The Company is primarily engaged in real estate investment and management operations, as well as undertaking real estate construction and maintenance. The Company is organized, along with its subsidiaries, into three business segments: the Real estate and other operations segment includes development, trading, leasing and management of real estate properties and other activities; the Wholesale segment consists of sales transaction of the catering activities in the subsidiaries, and the Investment operations segment covers investment in associates, equity securities and joint ventures. As of December 31, 2011, the Company’s subsidiaries included, among others, HRD International for Human Resources Development Company WLL and Aqaba National Real Estate Projects Company.

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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