Is EQIX (Equinix, Inc.) Halal or Haram?

Based on our AAOIFI-standard shariah screening, EQIX is Halal and considered permissible for Muslim investors. It passed all 4 of 4 compliance screens including business activity review, debt-to-market-cap ratio (21.41% vs ≤33% threshold), interest income ratio (2.08% vs ≤5% threshold), and cash & securities ratio (3.04% vs ≤33% threshold).

Equinix, Inc. (EQIX) operates as a leading global specialty Real Estate Investment Trust (REIT) focused on digital infrastructure. The company provides data centers and interconnection services that allow businesses to securely scale their digital operations and connect with partners worldwide. For Muslim investors, Equinix represents a Halal investment opportunity, having passed all four AAOIFI screening criteria. Because its primary business involves leasing physical data center space and digital infrastructure rather than engaging in interest-based financial services, its core operations are fully permissible. Financially, Equinix maintains a healthy balance sheet from an Islamic perspective, with its debt-to-market cap ratio standing at a compliant 21.4%. Furthermore, its interest-bearing securities and cash equivalents are exceptionally low at 3.0% of market cap, and interest income accounts for only 2.08% of total revenue, comfortably below the strict 5% threshold. While the stock is currently compliant, Muslim investors should periodically monitor the company's debt levels. As a capital-intensive REIT focused on expanding its global data center footprint, its borrowing could fluctuate in the future and approach the 33% threshold. Equinix, Inc. operates in the Real Estate sector under the REIT - Specialty industry and is headquartered in Redwood City, CA, US. The company is led by CEO Adaire Rita Fox-Martin and employs approximately 13,606 people.

EQIX 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. EQIX passed 4 of these 4 screens.

Although EQIX passes all shariah screens, it does earn $193.0M in interest income (2.08% of revenue). Many scholars recommend purifying this portion by donating the equivalent percentage of any dividends received to charity. For example, if you receive $100 in dividends, you would donate approximately $2.08 to purify the income.

EQIX 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.