Is Millicom International Cellular SA TIGO stock halal to invest in?

No, as of August 2026, Millicom International Cellular SA stock (TIGO) 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. Millicom International Cellular SA currently does not meet the threshold for the interest-bearing debt screen. 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 Millicom International Cellular SA and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Millicom International Cellular SA TIGO reviewed for Shariah compliance?

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ensures the status shown for Millicom International Cellular SA reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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

Yes, as of August 2026, Millicom International Cellular SA stock (TIGO) passes 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. Millicom International Cellular SA's income from non-permissible sources is currently within this 5% threshold. Even permissible levels of incidental impure income should still be purified: investors donate the corresponding share of dividends to charity, as reflected in the stock's purification factor. This screen is reassessed monthly using the company's latest financial disclosures.

Does Millicom International Cellular SA TIGO pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Millicom International Cellular SA stock (TIGO) 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). Millicom International Cellular SA'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 Millicom International Cellular SA TIGO pass the AAOIFI Interest Bearing Debt criteria?

No, as of August 2026, Millicom International Cellular SA stock (TIGO) 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. Millicom International Cellular SA'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 Millicom International Cellular SA TIGO stock?

Millicom International Cellular SA (TIGO) 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 Millicom International Cellular SA returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Millicom International Cellular SA TIGO pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Millicom International Cellular SA stock (TIGO) 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. Millicom International Cellular SA 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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English

العربية

Millicom International Cellular SA

NASDAQ

Shariah-Compliant

Not Shariah

TIGO

About

Millicom International Cellular SA

TIGO

Millicom International Cellular S.A. is a leading telecommunications and media company that primarily operates in Latin America and Africa. The company's primary function is to provide mobile services, fixed broadband, and cable television solutions to millions of customers in these regions. Millicom International Cellular S.A. plays a pivotal role in enhancing connectivity and digital inclusion by deploying both 3G and 4G mobile technologies and advancing fiber-based internet services. In addition to telecommunications, the company invests in digital applications, such as mobile financial services, to offer comprehensive access to banking facilities for underbanked populations. Established in 1990, Millicom, headquartered in Luxembourg, significantly impacts emerging markets by contributing to economic development and fostering digital transformation. The company's strategic focus on growth in underpenetrated regions underscores its commitment to expanding digital infrastructure and improving connectivity across its operating territories. Millicom International Cellular S.A. is a key player in driving technological advancement and enhancing communication networks, which are crucial for modernizing industries and supporting a growing global digital economy.

Sector:

Communication Services

Industry:

Telecom Services

Employees:

14000

Website:

https://www.millicom.com

TIGO

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Millicom International Cellular SA

About

Millicom International Cellular SA

TIGO

Frequently asked questions

Is Millicom International Cellular SA TIGO stock halal to invest in?

How often is Millicom International Cellular SA TIGO reviewed for Shariah compliance?

Does Millicom International Cellular SA TIGO pass the AAOIFI Non Permissible Income criteria?

Does Millicom International Cellular SA TIGO pass the AAOIFI Interest Bearing Investments criteria?

Does Millicom International Cellular SA TIGO pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Millicom International Cellular SA TIGO stock?

Does Millicom International Cellular SA TIGO pass the AAOIFI Preference Share screen?

Can I buy Millicom International Cellular (TIGO) stock on Tabadulat?

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