VZ
Verizon Communications
Is VZ Halal?
Telecom has a permissible core, but March 2026 debt/assets is 41.28%, above the examined financial limits.
What You Should Know
Verizon's March 31, 2026 Form 10-Q shows $417,882m assets, $172,500m total debt, $8,746m cash plus fixed-income securities, and $26,655m net receivables. Debt/assets 41.28%; liquidity/assets 2.09%; receivables+cash/assets 8.38%; disclosed interest income 0.43% of revenue.
⚠️ Concerns
- •Debt/assets exceeds the examined FTSE, MSCI and Malaysia limits
- •Device-payment plans include imputed interest and receivables financing
- •Frontier integration, securitization, privacy and network impacts
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
172,500 / 417,882
8,746 / 417,882
35,021 / 417,882
147 / 34,440
- Financial
- Fails
- Overall
- Fails
Debt/assets is 41.28%, above the examined 33.333% limit; liquidity/assets is 2.09%, receivables-plus-cash/assets is 8.38%, and interest income/revenue is 0.43%.
- Financial
- Fails
- Overall
- Fails
Debt/assets is above the examined MSCI total-assets limit; other examined ratios are below their limits.
- Financial
- Fails
- Overall
- Fails
Debt/assets is above the examined Malaysia SAC limit. 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
Verizon provides wireless, broadband, enterprise, and communications services, which are generally permissible.
Limitation: The filing does not provide a Sharia-relevant split for advertising, content, device financing, or downstream customer use.
Purification
Interest income is disclosed, but ZakatInvest does not prescribe a fixed purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from Verizon's March 31, 2026 Form 10-Q.
- Debt is Verizon's disclosed total debt; fixed-income securities of $380 million are used as identifiable interest-bearing securities, excluding marketable equity securities.
- Interest income of $147 million is separately disclosed in other income, net.
- Accounts receivable uses the net consolidated balance; device-payment receivables are partly classified in other assets and are not double-counted.
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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