T
AT&T Inc.
Is T Halal?
Telecom has a permissible core and passes the examined March 2026 asset ratios, but absolute leverage and interest expense remain material qualitative concerns.
What You Should Know
AT&T's March 31, 2026 Form 10-Q shows $421,188m assets, $138,407m debt, $12,547m cash plus identifiable debt securities, and $8,335m receivables. Debt/assets 32.86%; liquidity/assets 2.98%; receivables+cash/assets 4.82%; conservative other-income proxy 1.89% of revenue.
⚠️ Concerns
- •Very high absolute debt and recurring interest expense
- •Legacy media/content exposure is not fully separated
- •Receivables sales, vendor financing, spectrum spending and privacy
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
138,407 / 421,188
12,547 / 421,188
20,299 / 421,188
594 / 31,506
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 32.86%, liquidity/assets is 2.98%, receivables-plus-cash/assets is 4.82%, and the conservative income proxy is 1.89%; business activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
The examined debt, liquidity, and receivables-plus-cash ratios are below the MSCI total-assets limits; prohibited revenue remains unclassified.
- Financial
- Pass
- Overall
- Incomplete
The examined debt and liquidity ratios are below Malaysia SAC limits; this is a calculation against SAC ratios, not an official classification.
- Financial
- Not calculated
- Overall
- Not calculated
A licensed historical market-cap series is not stored.
Business-activity disclosure
AT&T primarily provides telecommunications, connectivity, and technology services, which are generally permissible.
Limitation: The filing does not classify revenue by content, advertising, or downstream customer use, and the company is transitioning reporting around the Lumen fiber transaction.
Purification
A conservative other-income proxy is recorded, but no fixed purification percentage is prescribed.
Inputs, assumptions and primary sources
- Amounts are USD millions from AT&T's March 31, 2026 Form 10-Q.
- Debt is total debt reported in the liquidity discussion; available-for-sale debt securities are used as identifiable interest-bearing securities.
- Other income, net of $594 million is used as a conservative proxy because the filing says it includes higher interest income and other items.
- The filing does not isolate potentially prohibited customer or media content revenue.
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 →