Is MILLICOM INTERNATIONAL CELLULAR SA (TIGO) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 58.5% / 30% | 6.0% / 30% | 5.8% / 30% | 0.79% / 5% | ✗ NOT HALAL |
| DJIM | 58.5% / 33% | 6.0% / 33% | 5.8% / 33% | 0.79% / 5% | ✗ NOT HALAL |
| MSCI | 49.3% / 33% | 5.1% / 33% | 4.9% / 33% | 0.79% / 5% | ✗ NOT HALAL |
| S&P | 58.5% / 33% | 6.0% / 33% | 5.8% / 33% | 0.79% / 5% | ✗ NOT HALAL |
| FTSE | 49.3% / 33% | 5.1% / 33% | 4.9% / 50% | 0.79% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 77.5% | |
| Operating Margin | 25.7% | |
| Net Margin | 22.6% | |
| Return on Equity (ROE) | 37.9% | |
| Return on Assets (ROA) | 6.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $1.7B |
| Free Cash Flow | $920M |
| Total Debt | $9.5B |
| Debt-to-Equity | 262.3 |
| Current Ratio | 0.9 |
| Total Assets | $17.3B |
Price & Trading
| Last Close | $73.35 |
| 50-Day MA | $67.47 |
| 200-Day MA | $51.81 |
| Avg Volume | 1.3M |
| Beta | 0.9 |
|
52-Week Range
$26.35
| |
About MILLICOM INTERNATIONAL CELLULAR SA (TIGO)
Millicom International Cellular S.A. engages in the provision cable and mobile services in Latin America. The company offers mobile services, including mobile data and voice, and short message services; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance. In addition, the company provides fixed services, including broadband, fixed voice, and pay-TV; and fixed-voice and data telecommunications services, managed services, cloud and security solutions, and value-added services; and tower infrastructure and services. The company serves small, medium, and large businesses, as well as residential consumers and governmental entities. It markets its products and services under the Tigo and Tigo Business brands. The company was founded in 1990 and is headquartered in Luxembourg, Luxembourg.
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Frequently Asked Questions
Is MILLICOM INTERNATIONAL CELLULAR SA (TIGO) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), MILLICOM INTERNATIONAL CELLULAR SA 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 MILLICOM INTERNATIONAL CELLULAR SA's debt ratio?
MILLICOM INTERNATIONAL CELLULAR SA's debt ratio is 58.5% 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 49.3%.
What are MILLICOM INTERNATIONAL CELLULAR SA's key financial metrics?
MILLICOM INTERNATIONAL CELLULAR SA has a market capitalization of $12.6B, trailing P/E ratio of 9.6, and revenue of $5.8B. The company maintains a gross margin of 77.5% and a net margin of 22.6%. Return on equity stands at 37.9%.
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.