Is ARRAY DIGITAL INFRASTRUCTURE, INC. (AD) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 28.3% / 30% | 2.7% / 30% | 0.5% / 30% | 11.61% / 5% | ✗ NOT HALAL |
| DJIM | 28.3% / 33% | 2.7% / 33% | 0.5% / 33% | 11.61% / 5% | ✗ NOT HALAL |
| MSCI | 25.6% / 33% | 2.4% / 33% | 0.5% / 33% | 11.61% / 5% | ✗ NOT HALAL |
| S&P | 28.3% / 33% | 2.7% / 33% | 0.5% / 33% | 11.61% / 5% | ✗ NOT HALAL |
| FTSE | 25.6% / 33% | 2.4% / 33% | 0.5% / 50% | 11.61% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 51.2% | |
| Operating Margin | 16.1% | |
| Net Margin | 29.9% | |
| Return on Equity (ROE) | 4.8% | |
| Return on Assets (ROA) | -0.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $201M |
| Free Cash Flow | $169M |
| Total Debt | $1.2B |
| Debt-to-Equity | 46.6 |
| Current Ratio | 0.7 |
| Total Assets | $4.7B |
Price & Trading
| Last Close | $46.54 |
| 50-Day MA | $49.27 |
| 200-Day MA | $54.40 |
| Avg Volume | 260K |
| Beta | 0.1 |
|
52-Week Range
$44.03
| |
About ARRAY DIGITAL INFRASTRUCTURE, INC. (AD)
Array Digital Infrastructure, Inc. owns and operates shared wireless communications infrastructure in the United States. The company deploys 5G and other wireless technologies through its 4,400 cell towers. It also leases tower space to tenants. In addition, the company offers ancillary services. It serves organizations, wireless carriers, government agencies, municipalities, wireless internet service providers, and broadband providers. The company was formerly known as United States Cellular Corporation and changed its name to Array Digital Infrastructure, Inc. in August 2025. The company was incorporated in 1983 and is headquartered in Chicago, Illinois. Array Digital Infrastructure, Inc. is a subsidiary of Telephone and Data Systems, Inc.
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Frequently Asked Questions
Is ARRAY DIGITAL INFRASTRUCTURE, INC. (AD) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), ARRAY DIGITAL INFRASTRUCTURE, INC. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is ARRAY DIGITAL INFRASTRUCTURE, INC.'s debt ratio?
ARRAY DIGITAL INFRASTRUCTURE, INC.'s debt ratio is 28.3% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 25.6%.
What are ARRAY DIGITAL INFRASTRUCTURE, INC.'s key financial metrics?
ARRAY DIGITAL INFRASTRUCTURE, INC. has a market capitalization of $4.0B, trailing P/E ratio of 23.6, and revenue of $163M. The company maintains a gross margin of 51.2% and a net margin of 29.9%. Return on equity stands at 4.8%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.