Is Rogers Communications, Inc. RCI stock Halal to invest in?

No, as of September 2026, Rogers Communications, Inc. stock (RCI) is not currently classified as a Shariah compliant stock. This verdict follows the screening methodology of AAOIFI (the Accounting and Auditing Organization for Islamic Financial Institutions), whose Shariah Standard No. 21 is the leading global benchmark for screening Halal stocks. To qualify as Halal under this standard, a company must keep non-permissible income below 5% of total revenue, keep both interest-bearing investments and interest-bearing debt below 30% of market capitalisation, and have no impermissible preference share structure. Rogers Communications, Inc. currently does not meet the threshold for the non-permissible income and interest-bearing debt screens. Because screenings are refreshed monthly as new financial reports are published, a non-compliant stock can regain compliant status if its financial structure changes. You can track the latest status of Rogers Communications, Inc. and discover Shariah compliant alternatives among the Halal stocks in the Tabadulat app.

How often is Rogers Communications, Inc. RCI reviewed for Shariah compliance?

Tabadulat reviews Rogers Communications, Inc. RCI for Shariah compliance every month. Each review applies the AAOIFI Shariah Standard No. 21 methodology, screening the company's business activities, non-permissible income, interest-bearing investments, interest-bearing debt, and preference shares, against the company's latest available financial data. The process operates under the direct supervision of Tabadulat's dedicated Shariah Supervisory Board of Islamic finance scholars. Because compliance depends on financial ratios that move with market capitalisation and reported results, a stock's status can change from one review to the next. Monthly screening ensures the status shown for Rogers Communications, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.

Does Rogers Communications, Inc. RCI pass the AAOIFI Non Permissible Income criteria?

No, as of September 2026, Rogers Communications, Inc. stock (RCI) does not pass the AAOIFI non-permissible income screen. Under AAOIFI Shariah Standard No. 21, income from impermissible sources (such as interest or Riba, conventional financial services, alcohol, gambling, or tobacco) must remain below 5% of a company's total revenue. Rogers Communications, Inc.'s income from non-permissible sources currently exceeds this 5% ceiling, which makes the stock non-compliant on this criterion regardless of how it performs on the other screens. The screen is reassessed monthly, so the status can change when the company releases new financial statements.

Does Rogers Communications, Inc. RCI pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of September 2026, Rogers Communications, Inc. stock (RCI) passes the AAOIFI interest-bearing investments screen. Under AAOIFI Shariah Standard No. 21, the cash a company places in interest-earning instruments (such as conventional deposits, bonds, treasury bills and money-market funds) must remain below 30% of its market capitalisation. This limit ensures shareholders are not materially profiting from Riba (interest). Rogers Communications, Inc.'s interest-bearing investments are currently within the 30% threshold. Because the ratio is measured against market capitalisation, it can move with the share price as well as the balance sheet, which is why Tabadulat rescreens the stock every month.

Does Rogers Communications, Inc. RCI pass the AAOIFI Interest Bearing Debt criteria?

No, as of September 2026, Rogers Communications, Inc. stock (RCI) does not pass the AAOIFI interest-bearing debt screen. Under AAOIFI Shariah Standard No. 21, a company's borrowings that accrue interest (conventional bank loans, bonds and similar Riba-based financing) must remain below 30% of its market capitalisation. Rogers Communications, Inc.'s interest-bearing debt currently exceeds this 30% limit, meaning the company relies on Riba-based financing beyond the level AAOIFI permits for a Halal investment. A company can return to compliance by reducing debt or through changes in market capitalisation, and the screen is reassessed monthly.

What is the dividend purification factor for Rogers Communications, Inc. RCI stock?

Rogers Communications, Inc. (RCI) is currently classified as not Shariah compliant, so no dividend purification factor applies, because purification factors are calculated only for stocks that pass the AAOIFI screens. Purification (Tazkiyah) is the practice of donating to charity the small portion of dividend income that stems from incidental non-permissible sources, such as interest earned on a compliant company's cash deposits. For non-compliant stocks the issue is not purification but eligibility: under AAOIFI Shariah Standard No. 21 the stock does not currently qualify as a Halal investment. If Rogers Communications, Inc. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Rogers Communications, Inc. RCI pass the AAOIFI Preference Share screen?

Yes, as of September 2026, Rogers Communications, Inc. stock (RCI) passes the AAOIFI preference share screen. AAOIFI Shariah Standard No. 21 prohibits investing in preference shares because they grant holders guaranteed or priority rights to dividends and capital ahead of ordinary shareholders, a structure that conflicts with the Shariah principle that investors should share profit and loss in proportion to their ownership. Rogers Communications, Inc. has no impermissible preference share structure affecting its ordinary shares, so the stock is compliant on this criterion. Like all AAOIFI screens, this is verified in each monthly review.

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Is Rogers Communications (RCI) stock Halal?

NYSE

Shariah-Compliant

Not Shariah

Under AAOIFI Shariah Standard No. 21, a Halal stock keeps non-permissible income below 5% of revenue and interest-bearing debt and investments each below 30% of market capitalisation. Rogers Communications, Inc. (RCI) does not meet the threshold for the non-permissible income and interest-bearing debt screens as of September 2026, so it is not Shariah compliant.

Sector:

Communication Services

Industry:

Telecom Services

Employees:

24000

Website:

https://www.rogers.com

Market cap:

$19.8B

P/E ratio:

4.5

Dividend yield:

3.85%

52-week range:

$31.38 - $41.14

Data as of:

3 September 2026

Screening history:

September 2026: FAIL

Rogers Communications is a diversified Canadian telecommunications and media company. Its primary function is to provide a suite of wireless, cable, internet, and media services across Canada. As one of the country’s largest telecom providers, Rogers plays a critical role in delivering essential connectivity solutions to both residential and business customers. Notable features of Rogers' offerings include high-speed internet, digital television, and mobile telephony services, which are powered by a robust and extensive network infrastructure. For Muslim investors, though, the most pressing question is simpler: is Rogers Communications a Halal investment?

Is Rogers Communications Shariah compliant?

Connecting people is a permissible business, so carriers and satellite operators like Rogers Communications rarely trouble the activity screen. The exposure is infrastructure: networks are among the most capital hungry assets in any market, usually debt financed, and AAOIFI Shariah Standard No. 21 caps interest bearing borrowing at 30% of market capitalisation, the screen that decides most telecom verdicts.

Does Rogers Communications pass the business activity test?

The activity screen is only part of the picture this month: Rogers Communications currently fails the non-permissible income 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 Rogers Communications' income Halal?

No. Rogers Communications' 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 Rogers Communications meet AAOIFI's debt and investment ratio requirements?

Not in full. Interest bearing debt currently exceeds the 30% cap, while the other ratio stays within it. One breach is enough to fail the screening; the ratios are reassessed monthly under our Shariah Supervisory Board.

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?

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