Is WBD halal?
Warner Bros. Discovery, Inc. -
Not halal
Warner Bros. Discovery, Inc. - did not pass AAOIFI screening. The failed check is shown below.
Checked: 15 October 2026
This stock was delisted on 08 October 2026. The verdict is frozen as of that day and is no longer updated.
Exchange
NASDAQ
Price
30.95
Day
+0.00%
Market cap
$77.60B
Industry
Entertainment
Sector
Communication Services
What the company does
Warner Bros. Discovery is a film and TV giant: the Warner Bros. studio, HBO/Max streaming, CNN, Discovery and TNT channels, and DC Comics. Revenue comes from streaming subscriptions, channel fees, advertising and box office; a split into two companies was announced in 2025.
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 $32.02B ÷ 36-month average market cap $38.52B = 83.1%
83.1%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $3.37B ÷ 36-month average market cap $38.52B = 8.8%
8.8%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $206.00M ÷ annual revenue $37.30B (2025) = 0.6%
0.6%
Pass
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: $77.60B.
For information (AAOIFI 3/1 note): cash + receivables are 8.6% 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
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 5 superinvestors · Average reported price: $26.66
- Daniel LoebThird Point$533.2M11.5%
- Hillman Capital Management$5.1M3.7%
- David EinhornGreenlight Capital (DME Capital Management)$59.9M1.5%
- Bill NygrenOakmark Funds$128.1M0.2%
- Prem WatsaFairfax Financial Holdings$2.2M0.1%
Halal stocks in the same industry
The largest halal stocks in Entertainment — for comparison.
Related articles
- Halal investingBlogHaram revenue you can't see from the industry label: pork, weapons, casinosPork hides under "Packaged Foods", weapons under "Aerospace & Defense". What automated screening misses and how we catch it by hand.
- Halal investingBlogWhy a company's cash affects whether its stock is halalLots of cash sounds like a good sign — but halal screening checks it separately. What counts, what doesn't, and where we are stricter than AAOIFI.
- 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.