What is Empire State Realty Trust, Inc.'s Shariah compliance score?

Empire State Realty Trust, Inc. (ESRT) has a Shariah compliance score of 0/100 (Grade: F, Non-Compliant). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does Empire State Realty Trust, Inc. pass AAOIFI screening?

Empire State Realty Trust, Inc. (ESRT) does not pass AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. ESRT's debt-to-market-cap is 277.7%.

How much purification is needed for Empire State Realty Trust, Inc.?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the percentage and amount for Empire State Realty Trust, Inc. (ESRT) using the latest financial data.

Where can I screen Empire State Realty Trust, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Empire State Realty Trust, Inc. (ESRT) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

ESRTNot HalalF

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Compliance Status

Not Halal

Screened on Oct 12, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

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

Quote this verdict

HalalScreener rates Empire State Realty Trust, Inc. (ESRT) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 12, 2026. Source: https://halalscreener.app/en/stock/ESRT

AvoidBorderlineClean

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%.

277.7% of 30.0% limit

PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding ESRT

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

ESRT: Is Empire State Realty Trust, Inc. Halal?

Empire State Realty Trust, Inc.

NYSEReal EstateUS

$4.62

Market Cap: 795.4M

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About Empire State Realty Trust, Inc.

Empire State Realty Trust, Inc. (NYSE: ESRT) functions as a leading real estate investment trust (REIT), focused on the acquisition, ownership, management, operation, and revitalization of commercial office and retail assets across Manhattan and the broader New York metropolitan region. Its notable properties include the iconic Empire State Building, globally renowned as "The World's Most Famous Building." Based in New York, New York, the company's diverse portfolio encompassed 10.1 million rentable square feet as of September 30, 2020. This total comprised 9.4 million rentable square feet across 14 office properties – specifically, nine situated in Manhattan, three in Fairfield County, Connecticut, and two in Westchester County, New York – in addition to approximately 700,000 rentable square feet in retail spaces. ESRT has consistently demonstrated leadership in energy efficiency retrofits and maintaining superior Indoor Environmental Quality, achieving the distinction of being the first commercial real estate portfolio in the U.S. to obtain the WELL Health-Safety Rating.

Sector: Real Estate · Industry: REIT - Diversified

Why this does not pass

Interest-bearing debt is 277.7% of market cap, over the 30% AAOIFI limit.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 12, 2026

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The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

Compliance History

Not Halalnow
since Oct 2026
Under Review
until the change above
Not Halal
until the change above

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

Fiscal: Q2 2026Data source: EDGAR

Halal Alternatives in Real Estate

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

5106.KLA+

Axis Real Estate Investment Trust

$1.88

+0.02%

5116.KLA+

Al-'Aqar Healthcare REIT

$1.17

+0.01%

5269.KLA+

Al-Salam Real Estate Investment Trust

$0.58

+0.01%

5307.KLA+

AME Real Estate Investment Trust

$1.52

-0.03%

7249.KLA+

Skygate Solutions Berhad

$0.83

+0.00%

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DLR

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SPG

Simon Property Group, Inc.

WELL

Welltower Inc.

B+

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Frequently Asked Questions

Is Empire State Realty Trust, Inc. (ESRT) halal to invest in?

Empire State Realty Trust, Inc. (ESRT) 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 Empire State Realty Trust, Inc. get a F compliance rating?

Empire State Realty Trust, Inc. (ESRT) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 277.7% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Empire State Realty Trust, Inc.'s Shariah verdict?

Empire State Realty Trust, 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 Empire State Realty Trust, Inc. re-screened for Shariah compliance?

Empire State Realty Trust, Inc. (ESRT) 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: Oct 12, 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.