TMUS

T-Mobile US Inc.

DOUBTFUL — SCREEN DOES NOT PASSstock

Is TMUS Halal?

Wireless telecom has a permissible core, but March 2026 debt/assets is 40.08%, above the examined financial limits.

What You Should Know

T-Mobile's March 31, 2026 Form 10-Q shows $214,667m assets, $86,047m total debt, $3,520m cash, and $12,354m current plus long-term equipment-installment receivables. Debt/assets 40.08%; liquidity/assets 1.64%; receivables+cash/assets 7.39%; non-compliant income is not separately disclosed.

⚠️ Concerns

  • Debt/assets exceeds the examined FTSE, MSCI and Malaysia limits
  • Equipment installment plans, imputed discounts and receivables sales
  • Spectrum spending, network expansion, privacy and customer treatment

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.

USD · millions
Interest-bearing debt / assets
40.08%Above limit
Below 33.333% under FTSE Yasaar

86,047 / 214,667

Cash + interest-bearing securities / assets
1.64%Within limit
Below 33.333% under FTSE Yasaar

3,520 / 214,667

Receivables + cash / assets
7.39%Within limit
Below 50% under FTSE Yasaar

15,874 / 214,667

FTSE Yasaar
v4.6, February 2026
Financial
Fails
Overall
Fails

Debt/assets is 40.08%, above the examined 33.333% limit; liquidity/assets is 1.64% and receivables-plus-cash/assets is 7.39%.

MSCI Islamic (total-assets series)
October 2024 methodology
Financial
Fails
Overall
Fails

Debt/assets is above the examined MSCI total-assets limit; income data is unavailable and business activity remains incomplete.

Malaysia SAC financial ratios
single 5% activity benchmark adopted November 2025
Financial
Fails
Overall
Fails

Debt/assets is above the examined Malaysia SAC limit. This is a calculation against SAC ratios, not an official classification.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
Financial
Not calculated
Overall
Not calculated

A licensed historical market-cap series is not stored.

Business-activity disclosure

T-Mobile US provides wireless, broadband, equipment, and communications services, which are generally permissible.

Limitation: The filing does not classify revenue by advertising, device-financing interest, downstream customer use, or other potentially prohibited categories.

Purification

The filing does not provide a separately usable non-compliant-income amount, so no purification percentage is inferred.

Inputs, assumptions and primary sources
  • Amounts are USD millions from T-Mobile US's March 31, 2026 Form 10-Q.
  • Debt is total debt; accounts receivable includes current accounts receivable plus current and long-term equipment installment plan receivables.
  • The filing reports net interest expense but does not separately disclose a non-compliant-income amount, so income is unavailable rather than inferred.
  • No separately identified interest-bearing securities balance is used.

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.

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