AIV, a U.S.-based REIT focused on multifamily residential properties, exhibits non-compliance with Shariah standards primarily due to excessive debt levels (104.15% of market cap) and significant interest income (50.59% of revenue), despite its core real estate activities being permissible. The company is excluded from all major Shariah-compliant indices, leading to an overall non-compliant status. A purification rate of 50.59% is required for any dividends received. While ESG factors show low risk with positive environmental and social initiatives, financial ratios pose critical concerns. Investors should monitor potential debt restructuring for future compliance.