Halal Communication services stocks
US Communication services stocks screened against the AAOIFI standard: business activity, interest-bearing debt, cash and interest income. Below are the largest halal ones by market cap.
Halal
48
Not halal
163
Doubtful
32
Not enough data
6
19% of the sector is halal · 249 listed companies in total
Why companies in this sector pass or fail
This sector holds telecoms, cable, media, gaming and internet platforms. Telecom and cable operators build networks with heavy borrowing and often fail the debt ratio. Small media and gaming companies tend to fail on cash. Internet platforms and ad-tech companies with little debt and large market caps often pass.
This is a general observation, not a fatwa. Every company is screened individually — the result is on its own page, with the ratios. Methodology
Not halal — by reason
163 companies are currently not halal. One company can fail for several reasons; the interest-income test only applies once the debt and cash ratios pass.
- Prohibited business (banking, insurance, alcohol, gambling...)4 · 2%
- Interest-bearing debt ≥ 30% (of market cap)114 · 70%
- Cash & investments ≥ 30%93 · 57%
- Interest (non-compliant) income ≥ 5%4 · 2%
- Other (collapsed market cap, no revenue, etc.)4 · 2%
Largest halal stocks — Communication services
The 30 largest by market cap. Open any row for the full stock page — ratios, formula and date.
| # | Company | Industry | Market cap | Price | Debt | Cash | Interest income |
|---|---|---|---|---|---|---|---|
| 1 | Internet Content & Information | $4.34T | 340.59 | 3.7 | 14.3 | 1.1 | |
| 2 | Internet Content & Information | $4.22T | 336.91 | 3.7 | 14.2 | 1.1 | |
| 3 | Internet Content & Information | $1.91T | 709.325 | 5.7 | 8.2 | 1.1 | |
| 4 | Advertising Agencies | $89.35B | 266.13 | 3.2 | 2.8 | — | |
| 5 | Telecom Services | $36.83B | 47.64 | 3.7 | 8.7 | 0.4 | |
| 6 | Internet Content & Information | $29.55B | 156.14 | 0.0 | 10.3 | — | |
| 7 | Entertainment | $22.93B | 154.54 | 0.0 | 19.9 | — | |
| 8 | Telecom Services | $19.80B | 12.51 | 22.2 | 9.7 | 2.0 | |
| 9 | Entertainment | $17.71B | 32.88 | 11.9 | 18.0 | — | |
| 10 | Entertainment | $15.75B | 30.03 | 13.1 | 19.8 | — | |
| 11 | Internet Content & Information | $12.56B | 21.91 | 4.8 | 6.2 | — | |
| 12 | Publishing | $10.77B | 67.78 | 0.0 | 12.9 | 1.5 | |
| 13 | Publishing | $10.75B | 18.24 | 24.9 | 5.1 | 1.2 | |
| 14 | Telecom Services | $10.71B | 82.38 | 9.5 | 10.9 | — | |
| 15 | Internet Content & Information | $10.46B | 6.13 | 21.5 | 16.1 | 2.3 | |
| 16 | Advertising Agencies | $5.65B | 12.23 | 0.0 | 4.5 | 2.4 | |
| 17 | Advertising Agencies | $3.54B | 23.37 | 16.2 | 15.4 | — | |
| 18 | Telecom Services | $2.82B | 12.32 | 19.3 | 17.6 | 1.0 | |
| 19 | Advertising Agencies | $2.10B | 13.49 | 1.0 | 6.9 | 0.6 | |
| 20 | Telecom Services | $2.04B | 80.67 | 0.0 | 22.5 | 0.5 | |
| 21 | Broadcasting | $1.25B | 8.74 | 0.0 | 10.2 | 3.7 | |
| 22 | Internet Content & Information | $1.10B | 19.88 | 4.5 | 4.2 | — | |
| 23 | Internet Content & Information | $923.9M | 3.44 | 7.8 | 14.4 | — | |
| 24 | Advertising Agencies | $915.0M | 16.32 | 7.6 | 13.9 | 0.0 | |
| 25 | Advertising Agencies | $765.6M | 15.34 | 0.0 | 18.5 | 0.3 | |
| 26 | Publishing | $694.4M | 37.67 | 11.6 | 19.4 | 0.2 | |
| 27 | Advertising Agencies | $509.1M | 8.86 | 5.6 | 26.8 | 1.9 | |
| 28 | Advertising Agencies | $322.1M | 31.89 | 4.9 | 0.8 | 0.1 | |
| 29 | Advertising Agencies | $207.9M | 2.06 | 2.6 | 9.4 | 0.6 | |
| 30 | Telecom Services | $185.1M | 5.47 | 3.0 | 11.4 | 0.9 |
Ratios in percent; limits: debt < 30%, cash < 30%, interest income < 5%.
The other 18 halal stocks — in the screener
The public page is a sample. The screener filters by sector and halal status: sort every Communication services stock by 40+ metrics (P/E, margins, growth, technicals).
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Industries in this sector
Industries with at least 5 halal stocks — each with its own list and failure reasons.
Other sectors
Frequently asked questions
- Which Communication services stocks are halal?
- According to our AAOIFI-based screening, 48 of 249 listed Communication services companies are halal. The largest by market cap: Alphabet Inc. (GOOGL), Alphabet Inc. (GOOG), Meta Platforms, Inc. (META), Applovin Corporation (APP), Chunghwa Telecom Co., Ltd. (CHT). The full list and each company's ratios are on the stock pages.
- Why are some Communication services companies not halal?
- This sector holds telecoms, cable, media, gaming and internet platforms. Telecom and cable operators build networks with heavy borrowing and often fail the debt ratio. Small media and gaming companies tend to fail on cash. Internet platforms and ad-tech companies with little debt and large market caps often pass.
- Is this a fatwa or investment advice?
- No. This is the result of automated screening based on public data. It is neither a fatwa nor an investment recommendation. Consult a scholar or adviser you trust before making decisions.
- How often are the results updated?
- Screening runs every day: when a new quarterly report comes out, the ratios are recalculated and the status may change. Each stock page shows the date it was checked.
Terms
Not a fatwa and not investment advice. Screening is automated from public financial reports and may be wrong or out of date.