Is ROGERS COMMUNICATIONS INC (RCI) Halal?

NYSE Communication Services Canada $20.8B
✗ NOT HALAL
Confidence: 83/100
ROGERS COMMUNICATIONS INC (RCI) is Not Halal under AAOIFI Standard 21. The company's debt ratio of 217.6% exceeds the 30% threshold, indicating excessive interest-bearing debt relative to market capitalization. ROGERS COMMUNICATIONS INC operates in the Communication Services sector.

Shariah Screening — 5 Standards

Based on financial data from December 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
AAOIFI 217.6%
/ 30%
4.1%
/ 30%
25.8%
/ 30%
N/A ✗ NOT HALAL
DJIM 217.6%
/ 33%
4.1%
/ 33%
25.8%
/ 33%
N/A ✗ NOT HALAL
MSCI 66.7%
/ 33%
1.3%
/ 33%
7.9%
/ 33%
N/A ✗ NOT HALAL
S&P 217.6%
/ 33%
4.1%
/ 33%
25.8%
/ 33%
N/A ✗ NOT HALAL
FTSE 66.7%
/ 33%
1.3%
/ 33%
7.9%
/ 50%
N/A ✗ NOT HALAL

Financial Highlights

P/E Ratio
4.2
Forward: 10.4
EPS
$9.22
Dividend Yield
382.0%
Payout: 15.7%
P/B Ratio
1.6
EV/EBITDA
7.5
EV: $70.7B
Revenue
$21.7B
Growth: 12.6%
Beta
0.8
Average volatility
Current Ratio
0.6

Profitability

Gross Margin 45.2%
Operating Margin 23.8%
Net Margin 31.8%
Return on Equity (ROE) 39.8%
Return on Assets (ROA) 3.9%

Cash Flow & Balance Sheet

Operating Cash Flow$6.1B
Free Cash Flow$2.1B
Total Debt$44.2B
Debt-to-Equity184.5
Current Ratio0.6
Total Assets$90.0B

Price & Trading

Last Close$38.93
50-Day MA$38.34
200-Day MA$36.09
Avg Volume1.0M
Beta0.8
52-Week Range
$23.18
$41.14

About ROGERS COMMUNICATIONS INC (RCI)

CEO
Mr. Anthony Staffieri FCA, FCPA
Employees
25,000
Sector
Communication Services
Industry
Telecom Services
Country
Canada
Exchange
NYSE
Market Cap
$20.8B
Currency
USD

Rogers Communications Inc. operates as a communications, sports, and entertainment company in Canada. It operates through Wireless, Cable, and Media segments. The company offers mobile internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and pickup services; satellite-to-mobile service; and wireless solutions under the Rogers, Fido, and chatr brands. It also provides Internet access, Internet protocol-based (IP) television, applications, online viewing, phone, home monitoring, and advanced home WiFi services to consumer and businesses. In addition, the company offers local and network TV; on-demand television; cloud-based digital video recorders; voice-activated remote controls, restart, and integrated apps; linear and time-shifted programming; digital specialty channels; and 4K television programming. Further, it provides residential and small business local telephony services; voicemail, call waiting, and long distance; video and audio programming; voice, data networking, IP, and Ethernet services; private networking, Internet, IP voice, and cloud solutions; optical wave and multi-protocol label switching services; information technology and network technologies; cable access network services; telecommunications technical consulting services; and season games through television, smartphones, tablets, personal computers, and other streaming devices. Additionally, the company owns Toronto Blue Jays and the Rogers Centre event venue; and operates Sportsnet ONE, Sportsnet 360, Sportsnet World, Citytv, OMNI, FX (Canada), FXX (Canada), and HGTV television networks, as well as AM and FM radio stations. It also offers Rogers and the Rogers Red World Elite Mastercard. The company was founded in 1960 and is headquartered in Toronto, Canada.

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Frequently Asked Questions

Is ROGERS COMMUNICATIONS INC (RCI) halal to invest in?

Based on our screening using AAOIFI Standard 21 (the strictest methodology), ROGERS COMMUNICATIONS 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 ROGERS COMMUNICATIONS INC's debt ratio?

ROGERS COMMUNICATIONS INC's debt ratio is 217.6% 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 66.7%.

What are ROGERS COMMUNICATIONS INC's key financial metrics?

ROGERS COMMUNICATIONS INC has a market capitalization of $20.8B, trailing P/E ratio of 4.2, and revenue of $21.7B. The company maintains a gross margin of 45.2% and a net margin of 31.8%. Return on equity stands at 39.8%.

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.