Is iQIYI (IQ) stock Halal?
Under AAOIFI Shariah Standard No. 21, a Halal stock keeps non-permissible income below 5% of revenue and interest-bearing debt and investments each below 30% of market capitalisation. iQIYI, Inc. (IQ) does not meet the threshold for the non-permissible income, interest-bearing investments and interest-bearing debt screens as of September 2026, so it is not Shariah compliant.
iQIYI is a leading Chinese online video platform renowned for its innovative approach to entertainment. The company primarily focuses on providing a vast array of video content, including licensed films, television dramas, variety shows, and self-produced series. As a prominent player in the digital streaming industry, Iqiyi generates revenue through subscription fees, advertising, and programmatic marketing solutions, catering to a diverse audience across China. For Muslim investors, though, the most pressing question is simpler: is iQIYI a Halal investment?
Is iQIYI Shariah compliant?
Media and platform businesses sit closer to the activity screen than most: advertising, content and app ecosystems can carry impermissible elements, and AAOIFI Shariah Standard No. 21 tolerates them only below 5% of revenue. For iQIYI, that is where the screening attention goes first, before the debt ratios.
Does iQIYI pass the business activity test?
The activity screen is only part of the picture this month: iQIYI 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 iQIYI's income Halal?
No. iQIYI'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 iQIYI 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 IQ re-screened every month.
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