Is SSP halal?
E.W. Scripps Company (The)
Not halal
E.W. Scripps Company (The) did not pass AAOIFI screening. The failed check is shown below.
Checked: 16 October 2026
Exchange
NASDAQ
Price
2.69
Day
-4.95%
Market cap
$251.6M
Industry
Broadcasting
Sector
Communication Services
What the company does
E.W. Scripps owns a network of US local TV stations (60+) and national channels (ION, Bounce, Court TV). Revenue comes from advertising and retransmission fees paid by cable operators.
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
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $2.51B ÷ 36-month average market cap $293.66M = 853.4%
853.4%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $19.50M ÷ 36-month average market cap $293.66M = 6.6%
6.6%
Pass
Non-compliant income / total revenue
limit 5%
—
No data
Figures from the company's filings (2026-06-30), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict. Today's market cap: $251.60M.
For information (AAOIFI 3/1 note): cash + receivables are 14.8% of total assets (2026-06-30). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
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Halal is the first question. The second: when to enter?
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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.