Is SBA COMMUNICATIONS CORP (SBAC) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 75.9% / 30% | 2.1% / 30% | 1.4% / 30% | 1.57% / 5% | ✗ NOT HALAL |
| DJIM | 75.9% / 33% | 2.1% / 33% | 1.4% / 33% | 1.57% / 5% | ✗ NOT HALAL |
| MSCI | 138.0% / 33% | 3.9% / 33% | 2.5% / 33% | 1.57% / 5% | ✗ NOT HALAL |
| S&P | 75.9% / 33% | 2.1% / 33% | 1.4% / 33% | 1.57% / 5% | ✗ NOT HALAL |
| FTSE | 138.0% / 33% | 3.9% / 33% | 2.5% / 50% | 1.57% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 74.5% | |
| Operating Margin | 52.4% | |
| Net Margin | 37.4% | |
| Return on Assets (ROA) | 8.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $1.3B |
| Free Cash Flow | $1.1B |
| Total Debt | $15.3B |
| Current Ratio | 0.3 |
| Total Assets | $11.6B |
Price & Trading
| Last Close | $166.17 |
| 50-Day MA | $188.20 |
| 200-Day MA | $201.54 |
| Avg Volume | 888K |
| Beta | 0.8 |
|
52-Week Range
$162.41
| |
About SBA COMMUNICATIONS CORP (SBAC)
SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure. It includes towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. With a portfolio of more than 46,000 communications sites throughout the Americas and in Africa, SBA is listed on NASDAQ under the symbol SBAC. Our organization is part of the S&P 500 and one of the top Real Estate Investment Trusts (REITs) by market capitalization.
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Frequently Asked Questions
Is SBA COMMUNICATIONS CORP (SBAC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), SBA COMMUNICATIONS CORP 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 SBA COMMUNICATIONS CORP's debt ratio?
SBA COMMUNICATIONS CORP's debt ratio is 75.9% 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 138.0%.
What are SBA COMMUNICATIONS CORP's key financial metrics?
SBA COMMUNICATIONS CORP has a market capitalization of $17.7B, trailing P/E ratio of 17.0, and revenue of $2.8B. The company maintains a gross margin of 74.5% and a net margin of 37.4%.
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.