Is LAMR halal?
Lamar Advertising Company
Doubtful
No clear verdict is possible for Lamar Advertising Company — data is insufficient or the case is contested in fiqh. As a precaution it is NOT included in the halal list.
Checked: 16 October 2026
Exchange
NASDAQ
Price
150.1
Day
+1.37%
Market cap
$15.19B
Industry
REIT - Specialty
Sector
Real Estate
What the company does
Lamar Advertising is one of the largest US outdoor-advertising companies: roadside billboards, digital screens and transit ads. Revenue is ad-space rental.
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
Activity needs clarification: REIT - Specialty
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $3.53B ÷ 36-month average market cap $12.66B = 27.9%
27.9%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $67.95M ÷ 36-month average market cap $12.66B = 0.5%
0.5%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $2.58M ÷ annual revenue $2.27B (2025) = 0.1%
0.1%
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: $15.19B.
For information (AAOIFI 3/1 note): cash + receivables are 6.4% 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
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 1 superinvestors · Average reported price: $155.98
- John ArmitageEgerton Capital$170.1M1.6%
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- Halal investingBlogWhy does a stock's halal status change?A stock that was halal yesterday can leave the list today. The four main reasons — and why none of them is a bug.
- 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.
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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.