Is Misr El Gadida for Housing and Development SAE Stock Halal?
Shariah Compliance Analysis of HELI.CA Stock
Egypt Real Estate Small Cap
No. As of September 2026, Misr El Gadida for Housing and Development SAE (HELI.CA) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Misr El Gadida for Housing and Development SAE does not pass Musaffa's business and financial screening criteria.
Heliopolis Housing engages in real estate development. The company is headquartered in Cairo, Cairo. The Company’s operations include land reclamation and subdivision, residential real estate development and management, real estate properties purchase and sale, real estate projects planning and supervising, as well as constructing of houses, hotels, holiday resorts, and hospitals properties. In June 2012, the Company sold four land plots located next to Sheraton Heliopolis, New Heliopolis City. In September, 2012, the Company sold nine land plots, which are located in New Heliopolis City. In September, 2014, the Company sold 20 plots of land located in New Heliopolis City.
Misr El Gadida for Housing and Development SAE HELI.CA
EGP8.00 EGP0.04 (0.50%) 1D
Last Updated: Sep 10, 12:00 AM·EGX
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HELI.CA Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Misr El Gadida for Housing and Development SAE is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Misr El Gadida for Housing and Development SAE (HELI.CA) Chart
Financial Metrics & Statements of Misr El Gadida for Housing and Development SAE (HELI.CA)
FAQ's for Misr El Gadida for Housing and Development SAE (HELI.CA)
As of September 2026, Misr El Gadida for Housing and Development SAE HELI.CA is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Misr El Gadida for Housing and Development SAE using these criteria to determine its compliance status.
Muslim investors may consider investing in Misr El Gadida for Housing and Development SAE if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of Misr El Gadida for Housing and Development SAE by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of Misr El Gadida for Housing and Development SAE may be updated periodically when new financial statements, earnings reports, or business activity information become available.
Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
You can check the latest Shariah compliance status of Misr El Gadida for Housing and Development SAE on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Misr El Gadida for Housing and Development SAE (HELI.CA)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.