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).

Empire State Realty Trust, Inc.

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

Not Halal

Empire State Realty Trust, Inc.

NYSEReal EstateUS

$5.70

-0.52%

About Empire State Realty Trust, Inc.

Empire State Realty Trust, Inc. (NYSE: ESRT), a leading real estate investment trust (REIT), owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the World's Most Famous Building. Headquartered in New York, New York, the Company's office and retail portfolio covers 10.1 million rentable square feet, as of September 30, 2020, consisting of 9.4 million rentable square feet in 14 office properties, including nine in Manhattan, three in Fairfield County, Connecticut, and two in Westchester County, New York; and approximately 700,000 rentable square feet in the retail portfolio. Long the leader in energy efficiency retrofits and Indoor Environmental Quality, Empire State Realty Trust is the first commercial real estate portfolio in the U.S. to achieve the WELL Health-Safety Rating.

Sector: Real Estate 路 Industry: REIT - Diversified

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 2026
F

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap265.1% / 30.0%

Compliance History

Not Halal, unchanged since Jun 2026.

No status changes recorded since we began tracking.

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

Screened: Jun 18, 2026Fiscal: Q1 2026Source: EDGAR

Financial Overview

Market Cap

977.3M

Price

$5.70

Sector

Real Estate

Industry

REIT - Diversified

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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 265.1% (limit 30%); interest-bearing deposits of 43.7% (limit 30%); prohibited income of 1.22% (limit 5%). 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: Jun 18, 2026.

Screened according to AAOIFI Standard No. 21 路 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.