Gaming and Leisure Properties Inc
0.42 %
17.46 %
Yet to be announced
Company Overview
GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The tenant is responsible for all facility maintenance, insurance required in connection with the leased properties.
Revenue Sources
FailGaming and Leisure Properties' primary business model revolves around owning and leasing properties used for casino gambling operations. The company derives its revenue from rental payments from casino operators. Since gambling is considered haram in Islamic finance, and this constitutes the company's core business model, substantially more than 2.5% of their revenue comes from haram sources.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|
While specific interest expense figures are not provided in the given financial data, as a REIT, the company typically utilizes significant debt financing in its operations. However, given that the company fails the haram revenue source test, a detailed interest analysis is not necessary for determining halal compliance.
Operational Ethics
PassBased on available information from SEC filings and company disclosures, there is no evidence of significant ongoing associations with entities involved in human rights violations such as the state of Israel or the Chinese Communist Party.
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