Array Digital Infrastructure, Inc.

AD: Is Array Digital Infrastructure, Inc. Halal?

Array Digital Infrastructure, Inc.

NYSECommunication ServicesUS

$38.86

-0.38%

Market Cap: 3.4B

Compliance Status

Not Halal

Screened on Sep 3, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Array Digital Infrastructure, Inc. (AD) halal? Not Halal. Based on AAOIFI screening, Array Digital Infrastructure, Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Array Digital Infrastructure, Inc. (AD) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Sep 3, 2026. Source: https://halalscreener.app/en/stock/AD

Business activity

What the company sells is permissible.

Passed

Company debt

Within the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

20.4% of 30.0% limit

What this means for you

Most scholars advise not holding AD

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Array Digital Infrastructure, Inc.

Array Digital Infrastructure, Inc. (ADI) specializes in providing wireless telecommunications services across the United States. Its primary service offerings include voice communication, messaging capabilities, and data transmission. Beyond connectivity, ADI supplies a comprehensive range of wireless devices, such as mobile phones, tablets, portable hotspots, home phone systems, and internet routers. The company also furnishes essential wireless accessories like protective cases, screen guards, power chargers, and memory cards, alongside a selection of consumer electronics, including Bluetooth audio devices, Wi-Fi enabled cameras, and networking products. Additionally, ADI facilitates the distribution of wireless devices to authorized agents and external distributors for subsequent resale. Customers are also offered the flexibility to acquire devices and accessories via installment payment contracts. The company further extends its services to encompass wireless roaming, its capacity as an eligible telecommunications carrier, and the leasing of tower infrastructure. Serving a diverse customer base, Array Digital Infrastructure, Inc. caters to individual consumers, commercial enterprises, and governmental organizations. It delivers its products and services through a multi-faceted approach, utilizing direct retail sales, dedicated sales teams, telephone sales, e-commerce platforms, various resellers, independent agents, and strategic partnerships with national third-party retailers. Tracing its origins, the company was incorporated in 1983 and maintains its corporate headquarters in Chicago, Illinois. It operated under the name United States Cellular Corporation until August 2025, when it officially rebranded as Array Digital Infrastructure, Inc. As of November 7, 2024, Array Digital Infrastructure, Inc. functions as a subsidiary of Telephone and Data Systems, Inc.

Sector: Communication Services · Industry: Telecommunications Services

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 3, 2026

Compliance History

  1. Not Halalnow

    since Aug 2026

  2. Halal

    until the change above

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: Q2 2026Data source: EDGAR
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Frequently Asked Questions

Is Array Digital Infrastructure, Inc. (AD) halal to invest in?
Array Digital Infrastructure, Inc. (AD) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did Array Digital Infrastructure, Inc. get a F compliance rating?
Array Digital Infrastructure, Inc. (AD) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 20.4% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Array Digital Infrastructure, Inc.'s Shariah verdict?
Array Digital Infrastructure, Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is Array Digital Infrastructure, Inc. re-screened for Shariah compliance?
Array Digital Infrastructure, Inc. (AD) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Sep 3, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.