GDSNot HalalF
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Compliance Status

Not Halal

Screened on Oct 15, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

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

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HalalScreener rates GDS Holdings Limited (GDS) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 15, 2026. Source: https://halalscreener.app/en/stock/GDS

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%.

114.9% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding GDS

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

GDS Holdings Limited

GDS: Is GDS Holdings Limited Halal?

GDS Holdings Limited

NASDAQTechnologyCN

$23.08

Market Cap: 4.5B

Screened on a market cap of 41.2B

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About GDS Holdings Limited

GDS Holdings Limited, operating with its subsidiaries, specializes in the development and management of data center facilities across the People's Republic of China. The company offers a wide range of services, including colocation—providing crucial physical space, reliable power, server racks, and cooling infrastructure. It also delivers comprehensive managed hosting solutions such as business continuity and disaster recovery, network administration, secure data storage, system security, and dedicated support for operating systems, databases, and server middleware. Furthermore, GDS provides managed cloud offerings and professional consulting services. Its varied customer base comprises leading cloud service providers, major internet firms, financial institutions, telecommunications and IT service companies, alongside significant domestic private sector entities and multinational corporations. The company was founded in 2001 and is headquartered in Shanghai, China.

Sector: Technology · Industry: Information Technology Services

Why this does not pass

  • Interest-bearing debt is 114.9% of market cap, over the 30% AAOIFI limit.
  • Interest-bearing deposits are over the 30% 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 15, 2026

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Screened according to AAOIFI Standard 21

Compliance History

  1. Not Halalnow

    since Aug 2026

  2. Under Review

    until the change above

  3. Not Halal

    until the change above

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

Fiscal: Q2 2026Data source: FMP

Halal Alternatives in Technology

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Frequently Asked Questions

Is GDS Holdings Limited (GDS) halal to invest in?
GDS Holdings Limited (GDS) 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 GDS Holdings Limited get a F compliance rating?
GDS Holdings Limited (GDS) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 114.9% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change GDS Holdings Limited's Shariah verdict?
GDS Holdings Limited'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 GDS Holdings Limited re-screened for Shariah compliance?
GDS Holdings Limited (GDS) 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 15, 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.