
Is iHeartMedia (IHRT) stock Halal?
September 2026 AAOIFI screening result for iHeartMedia, Inc. (IHRT): non-permissible income, fail. Interest-bearing investments, fail. Interest-bearing debt, fail. Preference shares, pass. iHeartMedia, Inc. is not currently Shariah compliant. Re-screened monthly against AAOIFI Shariah Standard No. 21.
iHeartMedia is a multimedia company specializing in broadcasting and digital media services. The company is renowned as one of the largest audio media companies in the United States, operating a vast network of radio stations which serve major urban markets and local communities. Central to its operations is the creation and distribution of radio content across different genres and formats, catering to a wide-ranging audience. Before any of that matters to a Muslim investor, one question comes first: is iHeartMedia stock Halal?
Is iHeartMedia Shariah compliant?
For a company like iHeartMedia, the first question AAOIFI Shariah Standard No. 21 asks is about content and advertising: platform businesses can carry impermissible elements, and the standard tolerates them only as incidental income below 5% of revenue. Only then do the financial ratios come into play.
Does iHeartMedia pass the business activity test?
The activity screen is only part of the picture this month: iHeartMedia currently fails the non-permissible income, interest-bearing investments and interest-bearing debt screens, so the overall verdict is not compliant regardless of the business itself. The watch item is content: advertising and programming can include impermissible material, which AAOIFI treats as incidental only below the 5% revenue ceiling.
Is iHeartMedia's income Halal?
No. iHeartMedia's income from impermissible sources currently exceeds AAOIFI's 5% revenue ceiling, which makes the stock non-compliant on this screen regardless of the others. The screen is reassessed monthly, so the status can change when new financial statements arrive.
Does iHeartMedia meet AAOIFI's debt and investment ratio requirements?
No. Both ratios currently breach the 30% caps: interest bearing investments and interest bearing debt each exceed the limit AAOIFI permits for a Halal investment. The ratios move with the share price as well as the balance sheet, and our Shariah Supervisory Board has IHRT re-screened every month.
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