Is WMG halal?
Warner Music Group Corp.
Under review
Warner Music Group Corp. passed the financial ratios, but its industry is flagged as sensitive and awaits manual review. It stays out of the halal list until the review is done.
Checked: 15 October 2026
Exchange
NASDAQ
Price
31.4
Day
+2.31%
Market cap
$15.89B
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: record label and music publishing (~100% of revenue is music) — same treatment as SPOT
What the company does
Warner Music Group is one of the three major music companies: Atlantic and Warner Records labels and Warner Chappell publishing. Revenue is streaming royalties (Spotify, Apple) and licensing.
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: record label and music publishing (~100% of revenue is music) — same treatment as SPOT
Interest-bearing debt / market cap
limit 30%
29.6%
Pass
Cash & investments / market cap
limit 30%
3.9%
Pass
Non-compliant income / total revenue
limit 5%
—
No data
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 2 superinvestors · Average reported price: $27.07
- Bill NygrenOakmark Funds$43.6M0.1%
- Lindsell Train$1.4M0.1%
Halal stocks in the same industry
The largest halal stocks in Entertainment — for comparison.
Related articles
- 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 investingBlogA halal portfolio for beginners: 5 stepsWe won't tell you which stocks to buy — that's your call. The process for building and keeping a halal portfolio: screening, diversification, purification and re-checks.
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.