Dropbox, Inc.

DBX: Is Dropbox, Inc. Halal?

Dropbox, Inc.

NASDAQTechnologyUS

$26.98

-2.42%

Market Cap: 6.9B

Compliance Status

Not Halal

Screened on Jul 20, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Dropbox, Inc. (DBX) halal? Not Halal. Based on AAOIFI screening, Dropbox, Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

53.1% of 30.0% limit

What this means for you

Most scholars advise not holding DBX

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Dropbox, Inc.

Dropbox, Inc. operates a global platform that facilitates content collaboration for a wide array of users. The company utilizes a freemium business model, allowing individuals, families, teams, and larger organizations to register for free access via its website or mobile application, with options to upgrade to paid subscription plans for advanced features. As of December 31, 2021, Dropbox had amassed a significant user base of approximately 700 million registered accounts. Its services cater to diverse industries, including professional services, technology, media, education, manufacturing, consumer and retail, and financial services. Established in 2007, the company was initially known as Evenflow, Inc., later rebranding to Dropbox, Inc. in October 2009. Its main corporate offices are located in San Francisco, California.

Sector: Technology · Industry: Software - Infrastructure

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 20, 2026

Compliance History

  1. Not Halalnow

    since Jun 2026

  2. Halal

    until the change above

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: Q1 2026Data source: EDGAR

Halal Alternatives in Technology

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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Frequently Asked Questions

Is Dropbox, Inc. (DBX) halal to invest in?
Dropbox, Inc. (DBX) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did Dropbox, Inc. get a F compliance rating?
Dropbox, Inc. (DBX) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 53.1% (limit 30%); interest-bearing deposits of 14.7% (limit 30%); prohibited income of 1.45% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Dropbox, Inc.'s Shariah verdict?
Dropbox, Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is Dropbox, Inc. re-screened for Shariah compliance?
Dropbox, Inc. (DBX) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jul 20, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.