Is MSGE halal?
Madison Square Garden Entertain
Doubtful
No clear verdict is possible for Madison Square Garden Entertain — data is insufficient or the case is contested in fiqh. As a precaution it is NOT included in the halal list.
Checked: 12 October 2026
Exchange
NYSE
Price
77.76
Day
-2.46%
Market cap
$3.82B
Industry
Entertainment
Sector
Communication Services
Manually identified reason
Automatic screening reads the industry label, not what's inside. This company's filings were checked by hand and a hidden prohibited activity was found:
Doubtful: arena betting partners (DraftKings/BetMGM/Caesars) + alcohol concessions + concerts; share not disclosed
What the company does
Madison Square Garden Entertainment owns New York venues like Madison Square Garden, Radio City Music Hall and the Beacon Theatre, and the Rockettes show. Revenue comes from event tickets, venue rental and sponsorships.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
Doubtful: arena betting partners (DraftKings/BetMGM/Caesars) + alcohol concessions + concerts; share not disclosed
Interest-bearing debt / market cap
limit 30%
26.6%
Pass
Cash & investments / market cap
limit 30%
14.1%
Pass
Non-compliant income / total revenue
limit 5%
0.6%
Pass
In the lists
- In the S&P 500
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 1 superinvestors · Average reported price: $80.89
- John RogersAriel Investments$428.9M4.3%
Halal stocks in the same industry
The largest halal stocks in Entertainment — for comparison.
Related articles
- Halal investingBlogThe "doubtful" category: film, music and scholarly disagreementWhy Netflix, Disney and Spotify are not on our halal list — yet not labelled "haram" either. How we handle a disputed question.
- Halal investingBlogWhy does a stock's halal status change?A stock that was halal yesterday can leave the list today. The four main reasons — and why none of them is a bug.
- Halal investingBlogAAOIFI Shariah Standard No. 21 in plain languageThe most widely used standard for halal stock screening: the two-step test, the three ratios and how it differs from other methods.
Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.