Is Boston Omaha Corporation (BOC) halal? Halal. Based on AAOIFI screening, Boston Omaha Corporation passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 63/100 (Grade: B).

Boston Omaha Corporation

BOC: Is Boston Omaha Corporation Halal?

Halal

Boston Omaha Corporation

NYSECommunication ServicesUS

$13.61

+1.80%

Purify ~4.1% of income

About Boston Omaha Corporation

Boston Omaha Corporation (BOC) is a diversified enterprise that, through its various subsidiaries, primarily operates in the outdoor billboard advertising sector throughout the southeastern United States. The company's portfolio also extends to surety insurance and brokerage services, broadband communications, and investment management. Its high-speed internet division serves approximately 7,000 subscribers in communities located in southern Arizona, in addition to about 10,000 customers across Utah's Salt Lake City, Park City, Ogden, Provo, and surrounding areas. As of March 25, 2022, BOC's outdoor advertising assets included roughly 3,900 billboards, which collectively offered around 7,400 advertising faces, with 80 of these being digital displays. The corporation was founded in 2009, originally operating under the name REO Plus, Inc., until it adopted its current identity, Boston Omaha Corporation, in March 2015. Its principal office is situated in Omaha, Nebraska.

Sector: Communication Services · Industry: Advertising Agencies

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 14, 2026
B

Acceptable

Acceptable but room for improvement

63Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Peripheral exposure (still halal, purify this share)
3.0%

Primary business is permissible. AAOIFI allows up to 5% revenue from incidental non-compliant sources, provided the share is purified.

  • •Advertising Agencies: estimated 3.0% peripheral exposure (AAOIFI industry average)

Use the Purification Calculator to compute exactly how much of your dividend income to donate.

Financial Ratio Screen

Passed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap6.2% / 30.0%

Compliance History

Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Screened: Jun 14, 2026Fiscal: Q1 2026Source: FMP

Purify Your BOC Dividends

1.1% non-compliant income

BOC has 1.1% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

413.8M

Price

$13.61

Sector

Communication Services

Industry

Advertising Agencies

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Frequently Asked Questions

Is Boston Omaha Corporation (BOC) halal to invest in?
Based on AAOIFI Standard 21 screening, Boston Omaha Corporation (BOC) is rated Halal with a compliance grade of B (Acceptable). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).
Why did Boston Omaha Corporation get a B compliance rating?
Boston Omaha Corporation (BOC) received a grade of B (Acceptable) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 6.2% (limit 30%); interest-bearing deposits of 13.7% (limit 30%); prohibited income of 1.09% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Boston Omaha Corporation's Shariah verdict?
Boston Omaha Corporation'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 Boston Omaha Corporation re-screened for Shariah compliance?
Boston Omaha Corporation (BOC) 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: Jun 14, 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.