
Is AST SpaceMobile (ASTS) stock Halal?
AST SpaceMobile, Inc. (ASTS) is not Shariah compliant in the September 2026 AAOIFI screening: it fails the non-permissible income screen. Tabadulat re-screens ASTS monthly, and a stock can return to compliance when new financial reports change its ratios.
AST SpaceMobile is an innovative telecommunications company focused on transforming mobile connectivity through satellite technology. The company's primary mission is to develop and deploy the first and only space-based cellular broadband network directly accessible by standard mobile phones. This groundbreaking initiative aims to eliminate connectivity gaps in remote and underserved areas worldwide, significantly enhancing global communication networks. Before any of that matters to a Muslim investor, one question comes first: is AST SpaceMobile stock Halal?
Is AST SpaceMobile Shariah compliant?
The Shariah case on a technology company like AST SpaceMobile is rarely about the product. What AAOIFI Shariah Standard No. 21 examines is the money around the product: cash parked in instruments that earn Riba, borrowing measured against a market capitalisation that moves daily, and any incidental income from sources Islam prohibits, which must stay below 5% of revenue.
Does AST SpaceMobile pass the business activity test?
The activity screen is only part of the picture this month: AST SpaceMobile currently fails the non-permissible income screen, so the overall verdict is not compliant regardless of the business itself. The watch item for technology names is incidental: cash returns and platform content can carry impermissible elements, which AAOIFI tolerates only below the thresholds.
Is AST SpaceMobile's income Halal?
No. AST SpaceMobile's income from impermissible sources currently exceeds AAOIFI's 5% revenue ceiling, which makes the stock non-compliant on this screen regardless of the others. The screen is reassessed monthly, so the status can change when new financial statements arrive.
Does AST SpaceMobile meet AAOIFI's debt and investment ratio requirements?
Yes. Both caps hold this month: interest bearing investments and interest bearing debt each stay below 30% of market capitalisation. Because the caps move with the share price, our Shariah Supervisory Board has ASTS re-screened every month, and the result above always shows the latest verdict.
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