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Is Mobile Telecommunications Company (7030) halal?

Saudi Exchange (Tadawul) · Telecommunications
Not compliant

Mobile Telecommunications Company is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 115.2% of market capitalisation (limit 30%); non-permissible (interest) income is 0.1% of revenue (limit 5%).

The AAOIFI financial screen

TestResultLimitStatus
Interest-bearing debt ÷ market capitalisation115.2%< 30%Over limit
Non-permissible income ÷ revenue0.1%< 5%Within limit

A ratio at or above 30% (debt) or 5% (income) fails. A debt ratio of 27–30% or an income ratio of 4–5% is marked "close to limit" and makes the company questionable.

About Mobile Telecommunications Company

Mobile Telecommunications Company is a leading entity in the telecommunications sector, providing essential communication services to a vast and diverse customer base. Its primary function is to facilitate mobile and data services, ensuring connectivity across vast geographical regions. The company plays a significant role in enabling mobile voice and broadband services, thereby supporting both personal and professional communication needs. Notable for its expansive…

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Frequently asked questions

Is Mobile Telecommunications Company (7030) halal?

Mobile Telecommunications Company is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 115.2% of market capitalisation (limit 30%); non-permissible (interest) income is 0.1% of revenue (limit 5%).

What makes a stock halal or haram?

Under AAOIFI Standard 21 a company must first have a permissible core business (no conventional banking or insurance, alcohol, tobacco, gambling or similar). Then interest-bearing debt must be under 30% of its market value and interest income under 5% of its revenue.

How much of Mobile Telecommunications Company's dividends should be purified?

About 0.1% of each dividend, the share of the company's income that is not permissible. Donate that amount rather than keeping it.

How often is this updated?

Prices refresh daily and the ratios update when the company files new financial statements, usually every quarter. This page's data was last updated 2026-09-16.

Screened against AAOIFI Standard 21 using the company's latest reported financials (data updated 2026-09-16). This is an automated screen, not a fatwa; scholars differ on some thresholds. What each verdict means.