Is Liberty Latin America (LILAK) stock Halal?
September 2026 AAOIFI screening result for Liberty Latin America Ltd. (LILAK): non-permissible income, pass. Interest-bearing investments, fail. Interest-bearing debt, fail. Preference shares, pass. Liberty Latin America Ltd. is not currently Shariah compliant. Re-screened monthly against AAOIFI Shariah Standard No. 21.
Liberty Latin America is a telecommunications company that provides a broad array of communication services across Latin America and the Caribbean. As a significant operator in the region, the company delivers fixed, mobile, video, and broadband internet services, enhancing connectivity and communication infrastructure in numerous markets. Liberty Latin America plays a critical role in digital transformation by supporting both consumer and enterprise sectors with innovative technologies. Before any of that matters to a Muslim investor, one question comes first: is Liberty Latin America stock Halal?
Is Liberty Latin America Shariah compliant?
For a communications operator like Liberty Latin America, AAOIFI Shariah Standard No. 21 has little quarrel with the service itself; the scrutiny falls on how the network is financed. Towers, spectrum and satellites are typically funded with debt, which the standard tolerates only below 30% of market capitalisation, a ratio that moves with the share price.
Does Liberty Latin America pass the business activity test?
The activity screen is only part of the picture this month: Liberty Latin America currently fails the interest-bearing investments and interest-bearing debt screens, so the overall verdict is not compliant regardless of the business itself. The service itself, carrying calls and data, raises no Shariah objection; the scrutiny belongs to the debt financed network behind it.
Is Liberty Latin America's income Halal?
Yes, within AAOIFI's tolerance. Liberty Latin America's income from non-permissible sources stays below 5% of revenue in the September 2026 screening.
Does Liberty Latin America meet AAOIFI's debt and investment ratio requirements?
No. Both ratios currently breach the 30% caps: interest bearing investments and interest bearing debt each exceed the limit AAOIFI permits for a Halal investment. The ratios move with the share price as well as the balance sheet, and our Shariah Supervisory Board has LILAK re-screened every month.
Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.
New to the four screens? Read AAOIFI Standards Explained: What Makes a Stock Halal?



