
Is ViaSat (VSAT) stock Halal?
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. ViaSat, Inc. (VSAT) 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.
ViaSat is a prominent global communications company specializing in high-speed satellite broadband services and secure networking systems. The primary function of Viasat is to provide reliable internet connectivity solutions to areas that are underserved by traditional broadband infrastructure. With its advanced satellite technology, Viasat serves residential clients, commercial enterprises, and government agencies, ensuring a broad spectrum of customers can access modern communication capabilities irrespective of geographic limitations. For Muslim investors, though, the most pressing question is simpler: is ViaSat a Halal investment?
Is ViaSat Shariah compliant?
Technology companies rarely fail AAOIFI screening on what they sell. Software, hardware and digital services are permissible business activities, so for a company like ViaSat the Shariah question moves to the balance sheet: how much of its market value sits in interest bearing debt, how much of its cash earns Riba in conventional deposits, and whether incidental income from impermissible sources creeps past 5% of revenue. These are exactly the ratios AAOIFI Shariah Standard No. 21 polices, and they move every month with the share price.
Does ViaSat pass the business activity test?
The activity screen is only part of the picture this month: ViaSat currently fails the non-permissible income and interest-bearing debt screens, 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 ViaSat's income Halal?
No. ViaSat'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 ViaSat 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.
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