Halal, with purification
MTN Nigeria passes the business-activity screen and the financial screens under the AAOIFI Standard. Because a share of its income is non-permissible, the matching portion of any dividend you receive should be given away.
NGX: MTNN · Telecommunications · Screened 3 Sept 2026 · H1 2026 accounts
MTN Nigeria Communications Plc is Nigeria's largest mobile network operator by subscribers. It earns the substantial majority of its revenue from prepaid airtime and data bundles sold to retail subscribers, and the remainder from enterprise connectivity, leased capacity and digital services sold to Nigerian businesses and public sector bodies. Through MoMo Payment Service Bank the group also offers mobile wallets, transfers and merchant payments. Under its Ambition 2025 strategy the company has been repositioning from a traditional telecoms operator toward a broader digital platform, prioritising connectivity, fintech, enterprise and digital services.
Service revenue is reported across voice, data, digital, enterprise and fintech. Data is the largest growth driver: data revenue grew 74.5% in 2025, and in Q1 2026 data revenue rose 56.2% against a 22.5% rise in voice. Group revenue was N5.20 trillion for FY2025, up 54.9% from N3.36 trillion in FY2024.
Yes, with purification. As of 3 September 2026, MTN Nigeria (MTNN) is halal to own under the AAOIFI Standard, provided you purify the non-permissible portion of any dividend you receive.
The dividend is permissible to receive once purified. Qistal publishes the purification rate for the current accounts period inside your compliance report, so you can work out the exact amount to give away.
Qistal re-screens every NGX ticker when new audited or interim accounts are filed. This page always shows the date of the most recent screen.
Yes. Compliance drifts as a company borrows, raises cash, or changes its business mix, so a verdict describes a moment rather than a permanent status.