CCI
Crown Castle Inc.
Is CCI Halal?
Cell tower REIT — same concerns as American Tower.
What You Should Know
Crown Castle owns cell towers and fiber networks. Like AMT, REIT structure with high conventional debt fails Sharia screening.
⚠️ Concerns
- •High conventional debt
- •Interest-based REIT structure
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
24,682 / 31,391
55 / 31,391
243 / 31,391
3 / 1,010
- Financial
- Fails
- Overall
- Fails
Debt/assets is approximately 78.63%, above the 33.333% threshold; disclosed interest income is approximately 0.30% of revenue.
- Financial
- Fails
- Overall
- Fails
Debt/assets is approximately 78.63%, above the 33.33% threshold; this is an analytical calculation, not an official index classification.
- Financial
- Fails
- Overall
- Fails
Debt/assets is approximately 78.63%, above the examined 33% threshold; this is not an official SAC classification.
- Financial
- Not calculated
- Overall
- Fails
Market-cap methods are not calculated; the failed asset-based debt screen independently prevents a pass.
Business-activity disclosure
Crown Castle owns communications towers, fiber networks and small-cell infrastructure. The infrastructure use is generally permissible, but REIT financing, network-tenant activities and the discontinued fiber-business presentation require a qualified look-through review.
Limitation: The filing does not provide a universal, school-independent prohibited-revenue numerator for tenant uses and network infrastructure customers, so this record does not invent one.
Purification
The filing discloses 3 of investment income interest, but tenant activity and any dividend purification schedule require a defined scholar-approved method.
Inputs, assumptions and primary sources
- Amounts are USD millions from Crown Castle's March 31, 2026 Form 10-Q.
- Debt and capital lease obligations are 24,682; operating lease liabilities are excluded from the issuer debt input. Debt/assets is approximately 78.63%.
- Cash and cash equivalents are 55 and accounts receivable is 188; total revenue is 1,010.
- The filing discloses 3 of investment income interest, approximately 0.30% of quarterly revenue.
- Crown Castle's tower, fiber and small-cell infrastructure is generally permissible in use, but the REIT financing and tenant/end-use mix remain qualitative questions.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
Similar Stocks
Want to screen more assets?
Use our interactive Halal Checker to screen any stock, ETF, or crypto instantly.
Go to Halal Checker →