VODAFONE GROUP PLC ORD USD0.20 (VOD.L) - Not Halal (Non-Compliant)
VODAFONE GROUP PLC ORD USD0.20 (VOD.L) 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: 167.3% | Threshold: 30% | Result: Fail
- Cash & Interest-bearing Securities Ratio
- Value: 39.2% | Threshold: 30% | Result: Fail
- Non-Permissible Income Ratio
- Value: 0.6% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.58%.Based on the company's financial statements, approximately 0.58% 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 (0.58% of total income). Some scholars may differ on the exact calculation method.
About VODAFONE GROUP PLC ORD USD0.20
Vodafone Group Public Limited Company provides telecommunication services in Germany, the United Kingdom, rest of Europe, Turkey, and South Africa. It offers mobile and fixed services; connectivity business solutions, such as digital services, the Internet of Things (IoT) and financial services; and IoT platforms. The company also provides cloud, multi-cloud, and edge computing solutions; M-PESA, an African mobile money platform to make payments and offer financial services; and international voice and roaming services. In addition, it offers unified communications, mobile connectivity, IoT connectivity, cloud and edge, E2E solutions, and security services; leases fibre and other fixed connectivity services; and engages in infrastructure assets, shared operations, growth platforms, retail, and service operations. The company serves private and public sector customers in health, banking and finance, transport and logistics, retail, utilities, and agriculture industries. Vodafone Group Public Limited Company was incorporated in 1984 and is based in Newbury, the United Kingdom.
