NYSE Shariah screener · October 2026

Is AT&T Inc. (T) Halal?

FAIL

AT&T Inc. · NYSE: T · Telecom

The short answer

No - AT&T Inc. (T) fails this Shariah stock screen because of its debt, not its business. AT&T, headquartered in Dallas, Texas, sells 5G wireless, fiber and fixed-wireless broadband, and business connectivity services (Communications ~96.2% of FY2025 revenue; Latin America ~3.5%), with no involvement in alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance - and it fully exited DIRECTV in July 2025. But the debt gate fails decisively: total debt of $143,954M is about 84.61% of its ~$170.14B market cap ($24.30/share, October 1, 2026), far above the ~33% ceiling. Interest income of $403M is about 0.32% of FY2025 revenue ($125,648M), below the 5% ceiling. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

Gate 1 — Business activity: PASS

AT&T Inc. (NYSE: T), headquartered in Dallas, Texas (CEO John T. Stankey; ~133,030 employees), is a telecommunications and technology services provider per its FY2025 10-K. FY2025 reportable segments: Communications ($120,896M of $125,648M operating revenues, ~96.2% - Mobility nationwide wireless service and equipment; Business Wireline advanced ethernet fiber, fixed wireless, IP Voice, managed professional services, and legacy voice/data; Consumer Wireline broadband including fiber and AT&T Internet Air fixed wireless over 5G, plus legacy telephony) and Latin America ($4,379M, ~3.5% - wireless service and equipment in Mexico). Effective with Q1 2026 reporting, the company realigned to three segments: Advanced Connectivity, Legacy, and Latin America. DIRECTV: AT&T separated its U.S. video business into a TPG joint venture in July 2021 and sold its entire remaining 70% stake to TPG on July 2, 2025 - no media stake remains. Business-screen implication (factual): all revenue comes from telecom and broadband services - none involve alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: FAIL

Per AT&T's Q2 2026 Form 10-Q (period ended June 30, 2026; SEC CIK 732717), total debt was $143,954M - debt maturing within one year $9,323M + long-term debt $134,631M. Against a market cap of about $170.14B ($24.30, October 1, 2026, per Finnhub), debt / market cap is about 84.61% - far above the ~33% ceiling. Cash and cash equivalents of $17,570M is about 10.33% of market cap. Gate 2 fails. Facts only.

Gate 3 — Non-compliant income: PASS

AT&T's FY2025 Form 10-K (filed February 9, 2026; SEC CIK 732717) discloses interest income of $403M against FY2025 operating revenues of $125,648M - about 0.32% of revenue, below the 5% non-compliant income ceiling. Line used: the supplemental 'Interest income' figure in the 10-K. Gate 3 passes. Facts only.

Key figures used

Business: FY2025 segments - Communications ($120,896M, ~96.2% of operating revenues; Mobility wireless, Business Wireline fiber/fixed wireless/IP Voice/managed services, Consumer Wireline fiber and AT&T Internet Air) and Latin America ($4,379M, ~3.5%; wireless in Mexico); Q1 2026 realignment to Advanced Connectivity / Legacy / Latin America
No haram segments: all revenue from telecom and broadband services - no alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance
DIRECTV fully exited: remaining 70% stake sold to TPG on July 2, 2025 (video business separated into TPG joint venture July 2021); AT&T no longer holds any media stake
Debt: $143,954M (debt maturing within one year $9,323M + long-term debt $134,631M, Q2 2026 10-Q) - debt / market cap about 84.61% of ~$170.14B ($24.30, Oct 1, 2026), far above the ~33% ceiling - Gate 2 FAIL
Shares outstanding: 6,852,385,650 common shares at July 16, 2026 (10-Q cover); ~133,030 employees at Dec 31, 2025
Cash: $17,570M cash and cash equivalents about 10.33% of market cap
Interest income: $403M (supplemental 'Interest income' figure, FY2025 10-K) vs revenue $125,648M - about 0.32% of revenue, under the 5% ceiling - Gate 3 PASS

Frequently asked questions

What does AT&T do?

AT&T Inc. (NYSE: T), headquartered in Dallas, Texas, is a telecommunications and technology services provider (CEO John T. Stankey; ~133,030 employees). Per its FY2025 10-K it reports two segments: Communications (~96.2% of FY2025 operating revenues - Mobility nationwide wireless service and equipment; Business Wireline advanced ethernet fiber, fixed wireless, IP Voice, managed professional services and legacy voice/data; Consumer Wireline broadband including fiber and AT&T Internet Air fixed wireless over 5G) and Latin America (~3.5% - wireless service and equipment in Mexico). Effective Q1 2026 the company realigned reporting to Advanced Connectivity, Legacy, and Latin America. AT&T separated its U.S. video business into a TPG joint venture in July 2021 and sold its entire remaining 70% stake in DIRECTV to TPG on July 2, 2025 - no media stake remains.

Why does AT&T fail this Shariah stock screen?

AT&T fails this Shariah stock screen because of debt, not its business. Gate 1 (business activity): passes - all revenue comes from telecom and broadband services, with no alcohol, tobacco, gambling, weapons, adult entertainment, pork, or conventional finance involvement; the DIRECTV media stake was fully sold in July 2025. Gate 2 (debt): FAILS - $143,954M total debt is about 84.61% of its ~$170.14B market cap, far above the ~33% ceiling. Gate 3 (non-compliant income): passes - interest income of $403M is about 0.32% of FY2025 revenue ($125,648M), below the 5% ceiling. Result: FAIL. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

What is AT&T's interest-bearing debt ratio?

Per AT&T's Q2 2026 Form 10-Q (period ended June 30, 2026; SEC CIK 732717), total debt was $143,954M - debt maturing within one year $9,323M + long-term debt $134,631M. Against a market cap of about $170.14B ($24.30, October 1, 2026, per Finnhub), debt / market cap is about 84.61% - well above the ~33% ceiling, so Gate 2 fails. Cash and cash equivalents of $17,570M is about 10.33% of market cap. Common shares outstanding: 6,852,385,650 at July 16, 2026 (10-Q cover). Facts only.

What is AT&T's non-compliant income ratio?

AT&T's FY2025 Form 10-K (filed February 9, 2026; SEC CIK 732717) discloses interest income of $403M against FY2025 operating revenues of $125,648M - about 0.32% of revenue, below the 5% non-compliant income ceiling. Line used: the supplemental 'Interest income' figure in the 10-K. Gate 3 passes. Facts only.

Do Zoya, Musaffa, or ShariaPortfolio cover AT&T?

Zoya covers AT&T at zoya.finance/stocks/t, but its public page renders contradictory auto-generated template text (simultaneously calling T 'not Shariah-compliant and therefore considered halal' and 'not Shariah-compliant and therefore not considered halal'), so no clean Zoya rating is retrievable without the app - honestly reported as inconclusive. (Zoya's page text also claims $0 interest income, while the 10-K's supplemental data discloses $403M - figures differ.) Musaffa: no AT&T stock page surfaced in search. ShariaPortfolio: it is a wealth manager with no public per-stock coverage, so no AT&T entry is retrievable. All honestly reported as absent/inconclusive, not invented. This page applies the screen directly from AT&T's own SEC filings.

Sources

Screened 2026-10-01 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).