Telia Company AB (TELIA.ST) - Not Halal (Non-Compliant)
Telia Company AB (TELIA.ST) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- Communication Services
- Industry
- Telecom Services
- Result
- Pass
- Reason
- The sector "Communication Services" and industry "Telecom Services" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 56.0% | Threshold: 30% | Result: Fail
- Cash & Interest-bearing Securities Ratio
- Value: 7.1% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 1.1% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 1.07%.Based on the company's financial statements, approximately 1.07% of dividend income comes from non-permissible sources; this is the share many investors donate to purify it. This is derived from identified interest income (1.07% of total income). Some scholars may differ on the exact calculation method.
About Telia Company AB
Telia Company AB (publ) provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia. It offers mobile, broadband, television, and fixed-line services; and networking, cloud and security, mobility, enterprise mobile network, contact center, managed mobility services, collaboration solutions, and telephony. The company also offers Internet of Things (IoT), broadband services via mobile network and fiber, LAN and WiFi, SD-WAN, mobile LAN, dedicated private networks, and data analysis services, as well as colocation solutions. In addition, it provides smart public transport, and smart utilities, as well as transport and logistics solutions comprising connected vehicle, GPS positioning, and fleet management services. It also provides data communication and security solutions to individuals and companies. The company markets its products and services under the Telia, Telia Cygate, TV4, Halebop, Fello, MTV, Phonero, Onecall, MyCall, Ezys, and Diil brand names for transport and logistics, forestry, healthcare and community, agriculture, and energy and mining, as well as manufacturing industries. Telia Company AB (publ) was formerly known as TeliaSonera AB (publ) and changed its name to Telia Company AB (publ) in April 2016. The company was founded in 1853 and is based in Solna, Sweden.
