Charter Communications Inc

CHTR

Not Compliant
Exchange
Sector
Headquarters
Group
NASDAQ
Technology
USA
Large Cap

Charter Communications Inc is not Shariah Compliant because it fails the financial ratios.

-

Impure Income*

$107.375

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Large Cap
HOLD
$256.84
25
-1.00%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
24.36%
10.53%
0.00
0.39
17.28%

Shariah Compliance

Debt
100%
Non-Compliant Assets
Impure Income

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
100%
Impure Income

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
100%
Impure Income

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
62.61%
Cash
0.33%
Cash & AR
2.75%
Impure Income

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
62.61%
Cash
0.33%
Cash & AR
2.75%
Impure Income

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
-

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

Charter Communications, Inc. is a broadband connectivity company providing cable television (TV) for streaming, and from high-speed Internet to a converged broadband, wireless fidelity (Wi-Fi) and mobile experience. The Company offers its customers subscription-based Internet, mobile, video and voice services, with prices and related charges based on the types of service selected. Its bundled services, including a combination of its Internet, mobile, video and voice products that are available to its passings. It also provides its customers with a broadband connectivity service, including fixed Internet, Wi-Fi and mobile. It provides wireline voice communications services using voice over Internet protocol (VoIP) technology to transmit digital voice signals over its network. Its voice services include unlimited local and long distance calling to the United States, Canada, Mexico and Puerto Rico, voicemail, call waiting, caller identification (ID), call forwarding and others.