Is Iridium Communications, Inc. IRDM stock halal to invest in?

No, as of August 2026, Iridium Communications, Inc. stock (IRDM) 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. Iridium 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 Iridium Communications, Inc. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Iridium Communications, Inc. IRDM reviewed for Shariah compliance?

Tabadulat reviews Iridium Communications, Inc. IRDM 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screening ensures the status shown for Iridium Communications, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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 Iridium Communications, Inc. IRDM pass the AAOIFI Non Permissible Income criteria?

No, as of August 2026, Iridium Communications, Inc. stock (IRDM) 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. Iridium 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 Iridium Communications, Inc. IRDM pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Iridium Communications, Inc. stock (IRDM) 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). Iridium 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 Iridium Communications, Inc. IRDM pass the AAOIFI Interest Bearing Debt criteria?

No, as of August 2026, Iridium Communications, Inc. stock (IRDM) 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. Iridium 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 Iridium Communications, Inc. IRDM stock?

Iridium Communications, Inc. (IRDM) 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 Iridium 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 Iridium Communications, Inc. IRDM pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Iridium Communications, Inc. stock (IRDM) 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. Iridium 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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Iridium Communications, Inc.

NASDAQ

Shariah-Compliant

Not Shariah

IRDM

About

Iridium Communications, Inc.

IRDM

Iridium Communications Inc. provides global satellite communication solutions primarily through its Iridium satellite network, the only comprehensive satellite constellation offering coverage over the entire planet. The primary function of Iridium Communications is to deliver mobile voice and data communications services to businesses, governments, and individual consumers. Its unique position ensures essential connectivity in remote locations where terrestrial networks are unavailable, positively impacting sectors such as maritime, aviation, IoT, emergency services, and military operations. Iridium Communications is significant in the financial markets due to its key role in facilitating reliable communication services in remote or underserved regions globally. By leveraging its robust satellite infrastructure, the company addresses crucial communication needs, supporting critical applications and enhancing operational efficiency across various industries. As technological advancements propel the demand for continuous connectivity, Iridium’s strategic importance and innovative solutions underpin its essential role in the satellite communications market.

Sector:

Communication Services

Industry:

Telecom Services

Employees:

873

Website:

https://www.iridium.com

IRDM

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Iridium Communications, Inc.

About

Iridium Communications, Inc.

IRDM

Frequently asked questions

Is Iridium Communications, Inc. IRDM stock halal to invest in?

How often is Iridium Communications, Inc. IRDM reviewed for Shariah compliance?

Does Iridium Communications, Inc. IRDM pass the AAOIFI Non Permissible Income criteria?

Does Iridium Communications, Inc. IRDM pass the AAOIFI Interest Bearing Investments criteria?

Does Iridium Communications, Inc. IRDM pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Iridium Communications, Inc. IRDM stock?

Does Iridium Communications, Inc. IRDM pass the AAOIFI Preference Share screen?

Can I buy Iridium Communications (IRDM) stock on Tabadulat?

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