Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is Prologis, Inc. (PLD) Halal?

PASS

Prologis, Inc. · NYSE: PLD · Real Estate

The short answer

Yes — Prologis, Inc. (PLD) passes this Shariah stock screen. The San Francisco-based industrial/logistics REIT owns and manages warehouse and distribution properties: FY2025 rental revenues of $8,158.9M plus $592.4M of strategic capital (co-investment) fees and $38.9M of development management and other revenues — real estate activity, with no haram business segments disclosed in its FY2025 filings. The financial ratios pass: interest-bearing debt of $36,443M at June 30, 2026 is 29.32% of its ~$124.28B market cap (October 2026, stockanalysis), below the ~33% ceiling, and FY2025 interest income of $130M is 1.48% of revenue ($8,790.1M), below the 5% ceiling. Zoya covers PLD (its public page text is self-contradictory, so its rating is reported as unreliable); Musaffa and ShariaPortfolio show no PLD coverage. This is a factual screen, not a religious ruling — consult a qualified scholar for personal rulings.

Gate 1 — Business activity: PASS

Prologis, Inc. (NYSE: PLD), headquartered in San Francisco, California, is the world's largest industrial/logistics real estate investment trust — it owns, manages and develops warehouse and distribution properties. FY2025 total revenues of $8,790.1M = rental revenues $8,158.9M + strategic capital revenues $592.4M (fees from its co-investment ventures) + development management and other revenues $38.9M. The company is also expanding beyond warehouses: its data-center power pipeline reached 5.7 gigawatts of secured or advanced-procurement capacity, and it surpassed a 1-gigawatt installed solar and battery storage target. Business-screen implication (factual): all activity is logistics real estate and related management fees; the filings disclose no alcohol, gambling, conventional finance, pork, weapons or tobacco revenue — no haram segments. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: PASS

Per Prologis's Q2 2026 balance sheet (10-Q for the quarter ended June 30, 2026), the current portion of long-term debt was $1,072M and long-term debt was $35,371M — total interest-bearing debt of $36,443M (lease liabilities excluded). Against a market cap of about $124.28B (stockanalysis, October 1, 2026), debt ÷ market cap is 29.32% — below the ~33% ceiling. Cash and investments of $1,767M at June 30, 2026 are about 1.42% of market cap, also below 33%. The debt gate passes. (Prologis itself reports debt as a percentage of total market capitalization of 23.9% at quarter-end using its own share-based methodology.) Facts only.

Gate 3 — Non-compliant income: PASS

Prologis's FY2025 10-K (filed February 13, 2026) states in its management discussion that 'interest income earned on short-term investments and other income' was $130M for 2025, against FY2025 total revenues of $8,790.1M — about 1.48% of revenue, below the 5% non-compliant income ceiling. Interest expense was $1,002.3M for the year (the cost of its conventional debt financing, captured in the debt gate). The income gate passes. Facts only.

Key figures used

Frequently asked questions

What does Prologis do?

Prologis, Inc. (NYSE: PLD), headquartered in San Francisco, California, is an industrial/logistics real estate investment trust (REIT) that owns, manages and develops warehouse and distribution properties. FY2025 total revenues were $8,790.1M — rental revenues of $8,158.9M, strategic capital revenues of $592.4M (fees from co-investment ventures) and development management and other revenues of $38.9M. The company also expanded its data-center power pipeline to 5.7 gigawatts of secured or advanced-procurement capacity and surpassed a 1-gigawatt installed solar and battery storage target. Its filings disclose no alcohol, gambling, conventional finance, pork, weapons or tobacco revenue — no haram business segments. Facts only.

Why does PLD pass this Shariah stock screen?

PLD passes this Shariah stock screen at all three gates. Gate 1 (business activities): warehouse/logistics real estate — rental of industrial properties plus co-investment management fees — with no haram segments disclosed. Gate 2 (debt): interest-bearing debt of $36,443M at June 30, 2026 is 29.32% of the ~$124.28B market cap (October 2026, stockanalysis), below the ~33% ceiling. Gate 3 (interest income): FY2025 interest income of $130M is 1.48% of $8,790.1M revenue, under the 5% ceiling. This is a factual screen, not a religious ruling — consult a qualified scholar for personal rulings.

What is PLD's interest-bearing debt ratio?

Per Prologis's Q2 2026 balance sheet (10-Q for the quarter ended June 30, 2026), the current portion of long-term debt was $1,072M and long-term debt was $35,371M, for total interest-bearing debt of $36,443M (lease liabilities excluded). Against a market cap of about $124.28B (stockanalysis, October 1, 2026), debt ÷ market cap is 29.32% — below the ~33% ceiling. Cash and investments of $1,767M at June 30, 2026 are about 1.42% of market cap, also below 33%. The debt gate passes. (Prologis itself reports debt as a percentage of total market capitalization of 23.9% at quarter-end using its own share-based methodology.)

What is PLD's non-compliant income ratio?

Prologis's FY2025 10-K (filed February 13, 2026) states in its management discussion that 'interest income earned on short-term investments and other income' was $130M for 2025, against FY2025 total revenues of $8,790.1M — about 1.48% of revenue, below the 5% non-compliant income ceiling. Interest expense was $1,002.3M for the year (the cost of its conventional debt financing, captured in the debt gate). The income gate passes.

Do Zoya, Musaffa, or ShariaPortfolio cover PLD?

Zoya covers PLD (zoya.finance/stocks/pld; updated October 2026) and its headline FAQ says PLD is Shariah-compliant — but the page's auto-generated FAQ text contradicts itself (simultaneously saying PLD is and is not halal) and its cited interest income ($0) conflicts with the 10-K's disclosed $130M, so no clean Zoya rating is retrievable — reported as unreliable. Musaffa: no PLD page was found via public search — no coverage found. ShariaPortfolio: no PLD entry found. All honestly reported as found, not invented. This page applies the screen directly from Prologis's own filings.

Sources

Screened 2026-10-01 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).