Is LiveOne (LVO) stock Halal?

LiveOne is a digital media company specializing in live music experiences and related streaming content. Through its platforms like LiveXLive, PodcastOne, and Slacker, LiveOne acquires, distributes, and monetizes live music, internet radio, podcasts, vodcasts, and video-on-demand content. The company not only streams original and live music events via broadband and satellite but also offers personalized merchandise and operates an app that provides access to live events, audio streams, and social sharing features. Before any of that matters to a Muslim investor, one question comes first: is LiveOne stock Halal?

Is LiveOne Shariah compliant?

No. In the October 2026 screening LiveOne (LVO) does not pass AAOIFI screening: it fails the non-permissible income screen. For a company like LiveOne, 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 LiveOne pass the business activity test?

The activity screen is only part of the picture this month: LiveOne currently fails the non-permissible income screen, 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 LiveOne's income Halal?

No. LiveOne'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 LiveOne meet AAOIFI's debt and investment ratio requirements?

Yes. Both caps hold this month: interest bearing investments and interest bearing debt each stay below 30% of market capitalisation, measured against a market capitalisation of $35.5M (market data as of 1 October 2026). Because the caps move with the share price, our Shariah Supervisory Board has LVO re-screened every month, and the result above always shows the latest verdict.

Why do other halal screeners show a different verdict for LiveOne?

Screeners can disagree without either being wrong. AAOIFI Shariah Standard No. 21, which Tabadulat applies, measures interest bearing debt and investments against market capitalisation with a 30% ceiling. MSCI and FTSE measure them against total assets with a 33% ceiling, and S&P and Dow Jones Islamic use a multi year average of market capitalisation. Data dates differ too, because each provider reads filings and prices on its own schedule. The same company can therefore pass one standard and fail another in the same month. Tabadulat publishes one answer, the AAOIFI result as of October 2026, and re-screens it every month.

Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.

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