Canadian Halal Investor.

NASDAQ Shariah screener · October 2026

Is Equinix, Inc. (EQIX) Halal?

PASS

Equinix, Inc. · NASDAQ: EQIX · Real Estate

The short answer

Yes - Equinix, Inc. (EQIX) passes this Shariah stock screen at all three gates. Equinix, the Redwood City-based data center REIT, earns its revenue from digital infrastructure and interconnection services (FY2025 revenues $9,217M) - none of which involve alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance as a core activity. The financial ratios pass: total debt principal of $21,417M is about 21.4% of its ~$100.01B market cap ($1,012.33/share, October 2, 2026), below the ~33% ceiling, and interest income of $193M is about 2.09% of revenue, below the 5% ceiling. Zoya rates Equinix Shariah-compliant and Musaffa classifies it halal. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

Gate 1 — Business activity: PASS

Equinix, Inc. (NASDAQ: EQIX), based in Redwood City, California (~13,716 employees), is a data center real estate investment trust (REIT) and S&P 500 company: digital infrastructure and interconnection services - IBX data centers, Equinix Fabric interconnection, and digital services. Business-screen implication (factual): digital infrastructure - no alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance as a core activity. The REIT rental/interconnection-income model is the generally-permissible REIT consideration. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: PASS

Per Equinix's Form 10-K for the fiscal year ended December 31, 2025 (filed February 11, 2026; accession 0001101239-26-000032; $ millions), total debt principal outstanding at December 31, 2025 was $21,417M = finance lease liabilities $2,355M + term loans $673M + mortgage payable $30M + senior notes $18,209M + debt issuance costs/discounts $150M (the company's 'Summary of Debt Principal Outstanding'). Against a market cap of about $100.01B ($1,012.33 per share, Finnhub, October 2, 2026; sanity check: ~98M shares outstanding (97.9M issued per 10-K) x $1,012.33 = about $99.2B - same range), debt / market cap is about 21.4% - below the ~33% ceiling. Cash and cash equivalents of $1,727M plus short-term investments of $1,500M ($3,227M total) is about 3.2% of market cap. Gate 2 passes. Facts only.

Gate 3 — Non-compliant income: PASS

Per Equinix's Form 10-K for the fiscal year ended December 31, 2025 (filed February 11, 2026; accession 0001101239-26-000032; $ millions), interest income was $193M (2024: $137M; 2023: $94M) against revenues of $9,217M (Consolidated Statements of Operations) = about 2.09% of revenue - below the 5% non-compliant income ceiling. Zoya's EQIX page independently publishes interest income of $193,000,000 (2.08% of its combined total). Interest expense was $527M; net income was $1,348M. Gate 3 passes. Facts only.

Key figures used

Frequently asked questions

What does Equinix do?

Equinix, Inc. (NASDAQ: EQIX), based in Redwood City, California (~13,716 employees), is a data center real estate investment trust (REIT) and S&P 500 company: digital infrastructure and interconnection services - IBX data centers, Equinix Fabric interconnection, and digital services. In FY2025 (year ended December 31, 2025) it reported revenues of $9,217M. (CIK 1101239.)

Why does Equinix pass this Shariah stock screen?

Equinix passes all three gates of this Shariah stock screen. Gate 1 (business activity): data center REIT - digital infrastructure and interconnection services involve no alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance as a core activity - a clean business. Gate 2 (debt): total debt principal of $21,417M is about 21.4% of its ~$100.01B market cap (October 2, 2026), below the ~33% ceiling. Gate 3 (non-compliant income): interest income of $193M is about 2.09% of FY2025 revenues ($9,217M), below the 5% ceiling. Result: PASS. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

What is Equinix's interest-bearing debt ratio?

Per Equinix's Form 10-K for the fiscal year ended December 31, 2025 (filed February 11, 2026; accession 0001101239-26-000032; $ millions), total debt principal outstanding at December 31, 2025 was $21,417M = finance lease liabilities $2,355M + term loans $673M + mortgage payable $30M + senior notes $18,209M + debt issuance costs/discounts $150M (the company's 'Summary of Debt Principal Outstanding'). Against a market cap of about $100.01B ($1,012.33 per share, Finnhub, October 2, 2026; sanity check: ~98M shares outstanding (97.9M issued per 10-K) x $1,012.33 = about $99.2B - same range), debt / market cap is about 21.4% - below the ~33% ceiling. Cash and cash equivalents of $1,727M plus short-term investments of $1,500M ($3,227M total) is about 3.2% of market cap. Gate 2 passes. Facts only.

How much interest income does Equinix earn?

Per Equinix's Form 10-K for the fiscal year ended December 31, 2025 (filed February 11, 2026; accession 0001101239-26-000032; $ millions), interest income was $193M (2024: $137M; 2023: $94M) against revenues of $9,217M (Consolidated Statements of Operations) = about 2.09% of revenue - below the 5% non-compliant income ceiling. Zoya's EQIX page independently publishes interest income of $193,000,000 (2.08% of its combined total). Interest expense was $527M; net income was $1,348M. Gate 3 passes. Facts only.

Do Zoya, Musaffa, or ShariaPortfolio cover Equinix?

Zoya covers Equinix at zoya.finance/stocks/eqix: 'As of September 2026, EQIX is Shariah-compliant and therefore considered halal to invest in' (AAOIFI guidelines; based on Equinix's most recent financial reports), publishing FY2025 revenue of $9,260,000,000 and interest income of $193,000,000 (2.08% of the combined total) - quoting only the primary rating and figures, not the page's contradictory auto-generated template sentences. Musaffa covers EQIX at musaffa.com/stock/EQIX/: 'As of October 2026, Equinix Inc is classified as halal' (AAOIFI methodology). ShariaPortfolio: no public per-stock EQIX rating was found in search - honestly reported as no coverage found, not invented.

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).