Is DOC (Healthpeak Properties, Inc.) Halal or Haram?

Based on our AAOIFI-standard shariah screening, DOC is classified as Doubtful. It passed 3 of 4 compliance screens. Some scholars may permit investing with income purification, while others advise avoiding it. We recommend consulting a qualified Islamic scholar before investing in DOC.

Healthpeak Properties, Inc. (DOC) is a fully integrated real estate investment trust (REIT) included in the S&P 500. The company focuses on owning, operating, and developing high-quality real estate specifically designed for healthcare discovery and delivery, including life science campuses and medical office buildings. For Muslim investors, DOC currently holds a Doubtful shariah compliance status. While the underlying business of leasing healthcare facilities is halal and passes the business activity screen, the stock fails critical financial metrics required by AAOIFI standards, rendering it unsuitable for a strict halal portfolio at this time. The primary concern from an Islamic finance perspective is the company's heavy reliance on interest-bearing debt. Healthpeak's debt-to-market capitalization ratio is exceptionally high at 93.7%, aggressively breaching the 33% maximum allowable threshold, even though its interest income (0.00%) and cash reserves (4.8%) remain well within permissible limits. Given the capital-intensive nature of healthcare REITs, high leverage is common, but Muslim investors must adhere strictly to the AAOIFI debt limits. Investors should monitor DOC's balance sheet for significant debt reduction and restructuring if they wish to consider this stock in the future. Healthpeak Properties, Inc. operates in the Real Estate sector under the REIT - Healthcare Facilities industry and is headquartered in Denver, CO, US. The company is led by CEO Scott Brinker and employs approximately 387 people.

DOC was screened using AAOIFI-based shariah compliance criteria. Four tests are applied: (1) Business Activity — the company's core business must not derive primary income from haram (prohibited) activities such as alcohol, gambling, tobacco, or interest-based finance. (2) Debt-to-Market-Cap — total debt must not exceed 33% of market capitalization. (3) Interest Income — interest income must not exceed 5% of total revenue. (4) Cash & Securities — cash and interest-bearing securities must not exceed 33% of market cap. DOC passed 3 of these 4 screens.

DOC was last screened on 2026-04-29. Shariah compliance status can change as companies report new financial data, acquire new businesses, or shift revenue streams. We recommend checking back periodically for the most up-to-date screening results.