Is PLD (Prologis, Inc.) Halal or Haram?

Based on our AAOIFI-standard shariah screening, PLD 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 (26.91% vs ≤33% threshold), interest income ratio (0.00% vs ≤5% threshold), and cash & securities ratio (0.88% vs ≤33% threshold).

Prologis, Inc. is the global leader in logistics real estate, operating across 19 countries with nearly a billion square feet of property. The company leases modern industrial facilities and warehouses to over 5,500 customers, primarily supporting business-to-business supply chains and retail or online fulfillment operations. For Muslim investors, Prologis is currently classified as Halal, having successfully passed all AAOIFI screening criteria. Because industrial real estate leasing is a fundamentally permissible business activity, the company clears the primary operational screen without any major non-compliant revenue streams. Financially, Prologis demonstrates strong adherence to Islamic thresholds, particularly with a safe debt-to-market cap ratio of 26.9%. Additionally, the company generates 0.00% of its revenue from interest-bearing activities and holds a negligible 0.9% in cash and securities, making its capital structure highly favorable for halal portfolios. Since Prologis operates as a Real Estate Investment Trust (REIT), investors should continuously monitor its debt levels, as real estate expansion often relies on borrowing. While currently compliant, any aggressive debt-funded acquisitions could push its leverage closer to the 33% AAOIFI limit in the future. Prologis, Inc. operates in the Real Estate sector under the REIT - Industrial industry and is headquartered in San Francisco, CA, US. The company is led by CEO Daniel Stephen Letter and employs approximately 2,703 people.

PLD 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. PLD passed 4 of these 4 screens.

PLD has negligible interest income, so purification may not be necessary. However, it is always advisable to consult a qualified scholar regarding your specific investment situation.

PLD 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.