Is AMT halal?
American Tower Corporation (REI
Not halal
American Tower Corporation (REI did not pass AAOIFI screening. The failed check is shown below.
Checked: 15 October 2026
Exchange
NYSE
Price
185.27
Day
+2.16%
Market cap
$84.86B
Industry
REIT - Specialty
Sector
Real Estate
What the company does
American Tower owns cell towers (a REIT): 220,000+ sites in the US, India, Latin America and Africa, leased to carriers (Verizon, AT&T etc.) for their antennas. Revenue comes from long-term rents; it also owns CoreSite data centers.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $37.19B ÷ 36-month average market cap $91.98B = 40.4%
40.4%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $1.76B ÷ 36-month average market cap $91.98B = 1.9%
1.9%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $134.00M ÷ annual revenue $10.64B (2025) = 1.3%
1.3%
Pass
Figures from the company's filings (2026-06-30), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict. Today's market cap: $84.86B.
For information (AAOIFI 3/1 note): cash + receivables are 4.2% of total assets (2026-06-30). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- 0.13% weight · #138 of 503
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 3 superinvestors · Average reported price: $163.57
- Chuck AkreAkre Capital Management$4.8M0.1%
- Christopher DavisDavis Advisors$10.3M0.0%
- Mairs & Power Funds$330K0.0%
Exited this quarter: William Von Mueffling
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- Halal investingBlogAAOIFI Shariah Standard No. 21 in plain languageThe most widely used standard for halal stock screening: the two-step test, the three ratios and how it differs from other methods.
Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.