Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is Digital Realty Trust, Inc. (DLR) Halal?

PASS

Digital Realty Trust, Inc. · NYSE: DLR · Real Estate

The short answer

Yes -- Digital Realty Trust, Inc. (DLR) passes this Shariah stock screen at all three gates. Per its FY2025 10-K, Digital Realty is a global data center REIT that owns, acquires, develops and operates data centers (310 facilities at year-end 2025) -- Item 1 discloses no conventional banking, lending, insurance, alcohol, gambling, pork, tobacco or weapons activity, so the business-activity screen passes. Its debt screen passes: about $19.66B of interest-bearing debt (global revolver, term loans, unsecured senior notes, secured/other debt and operating lease liabilities) is about 32.41% of its ~$60.64B market cap ($176.49, latest close retrieved October 2, 2026; 343,615,444 shares outstanding), below the ~33% ceiling, though close enough that future borrowing or a share-price decline could change the outcome. Its non-compliant income screen passes: the separately disclosed Other income, net of $161,052K is about 2.63% of $6,112,692K in FY2025 total operating revenues, below the 5% ceiling. Third-party coverage disagrees in part: Zoya indicates DLR is Shariah-compliant, but Musaffa classifies it as not halal (October 2026) and ShariaPortfolio says it is not Shariah Compliant on financial ratios. All three positions are honestly reported -- this page applies the screen directly from Digital Realty's own filings.

Gate 1 — Business activity: PASS

Digital Realty Trust, Inc. (NYSE: DLR), headquartered in Dallas, Texas, states in Item 1 of its FY2025 10-K that it is, through its controlling interest in Digital Realty Trust, L.P., a leading global provider of data center, colocation and interconnection solutions for customers across a variety of industry verticals, and that the operating partnership is the entity through which it owns, acquires, develops and operates data centers. As of December 31, 2025, its portfolio included 310 data centers -- 118 in the United States, 113 in Europe, 36 in Latin America, 16 in Africa, 18 in Asia, six in Australia and three in Canada. Business screen (factual, from the filing): Digital Realty is a data center REIT. Nothing in Item 1 describes conventional banking or lending, insurance, alcohol, gambling, pork, tobacco, or weapons activity -- no non-compliant business segments are disclosed. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: PASS

Per Digital Realty's FY2025 10-K (fiscal year ended December 31, 2025), interest-bearing debt was about $19,655M -- Global revolving credit facilities $899,090K, unsecured term loans $439,536K, unsecured senior notes $16,194,441K, secured and other debt $869,068K, plus operating lease liabilities $1,253,217K (all figures in thousands). Against a market cap of about $60.64B ($176.49 latest close retrieved October 2, 2026; 343,615,444 common shares outstanding as of February 9, 2026 per the 10-K cover), debt divided by market cap is about 32.41% -- below the ~33% ceiling, though close to it, so future borrowing or a share-price decline could push it over. Cash and cash equivalents of $3,451,647K are about 5.69% of market cap. Gate 2 passes. Facts only.

Gate 3 — Non-compliant income: PASS

Digital Realty's FY2025 10-K income statement reports Other income, net of $161,052K against total operating revenues of $6,112,692K -- about 2.63% of revenue, below the 5% non-compliant income ceiling. The filing discloses no standalone interest income line; management's discussion notes that interest income increased in 2025 on higher cash balances, but no separate figure is stated. Using the disclosed Other income, net line as the interest-type income figure, Gate 3 passes. Facts only.

Key figures used

Frequently asked questions

What does Digital Realty Trust do?

Digital Realty Trust, Inc. (NYSE: DLR) is a real estate investment trust headquartered in Dallas, Texas. Its Item 1 Business in the FY2025 10-K states that, through its controlling interest in Digital Realty Trust, L.P., it is a leading global provider of data center, colocation and interconnection solutions for customers across a variety of industry verticals, and that the operating partnership is the entity through which it owns, acquires, develops and operates data centers. As of December 31, 2025, its portfolio included 310 data centers (including 89 held through unconsolidated entities) -- 118 in the United States, 113 in Europe, 36 in Latin America, 16 in Africa, 18 in Asia, six in Australia and three in Canada.

Why does Digital Realty pass this Shariah stock screen?

Digital Realty passes this screen at all three gates. Gate 1 (business activity): it is a data center REIT -- its principal business is owning and operating data centers, not conventional banking, lending, insurance, alcohol, gambling, pork, tobacco or weapons, so the business-activity screen passes. Gate 2 (debt): interest-bearing debt of about $19.66B is about 32.41% of its ~$60.64B market cap ($176.49 latest close retrieved October 2, 2026; 343,615,444 shares outstanding per the 10-K cover), below the ~33% ceiling. Gate 3 (non-compliant income): the separately disclosed interest-type income line, Other income, net of $161,052K, is about 2.63% of $6,112,692K in total operating revenues for FY2025, below the 5% ceiling. This is a factual screen, not a religious ruling -- consult a qualified scholar for personal rulings.

What is Digital Realty's interest-bearing debt ratio?

Per Digital Realty's FY2025 10-K (fiscal year ended December 31, 2025, filed 2026-02-13), interest-bearing debt was about $19,655M -- Global revolving credit facilities $899,090K, unsecured term loans $439,536K, unsecured senior notes $16,194,441K, secured and other debt $869,068K, and operating lease liabilities $1,253,217K (all figures in thousands). Against a market cap of about $60.64B ($176.49 latest close retrieved October 2, 2026; 343,615,444 common shares outstanding as of February 9, 2026 per the 10-K cover), debt divided by market cap is about 32.41% -- below the ~33% ceiling, though close to it. Cash and cash equivalents of $3,451,647K are about 5.69% of market cap.

What is Digital Realty's non-compliant income ratio?

Digital Realty's FY2025 10-K income statement does not disclose a standalone interest income line; the separately disclosed interest-type income line is Other income, net of $161,052K against total operating revenues of $6,112,692K for FY2025 -- about 2.63% of revenue, below the 5% non-compliant income ceiling. Management's discussion notes that interest income increased in 2025 on higher cash balances, but no separate interest income figure is stated in the filing. Gate 3 passes.

Do Zoya, Musaffa, or ShariaPortfolio cover Digital Realty?

Zoya covers DLR and indicates it is Shariah-compliant (the page's displayed assessment date was blank when accessed in October 2026; it reports FY2025 revenue of $6,112,692,000 with no separately disclosed interest income) -- it does not rate Digital Realty non-compliant. Musaffa covers DLR and classifies it as not halal as of October 2026 under its AAOIFI methodology. ShariaPortfolio covers DLR and states it is not Shariah Compliant because it fails the financial ratios. Two of the three coverage statements disagree with this page's own PASS outcome, which is reported honestly. This page applies the screen directly from Digital Realty's own filings.

Sources

Screened 2026-10-02 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).