Is Madison Square Garden Entertainment Corp. (MSGE) halal? Halal. Based on AAOIFI screening, Madison Square Garden Entertainment Corp. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 69/100 (Grade: B).

Madison Square Garden Entertainment Corp.

MSGE: Is Madison Square Garden Entertainment Corp. Halal?

Halal

Madison Square Garden Entertainment Corp.

NYSECommunication ServicesUS

$72.08

-0.37%

Purify ~3.2% of income

About Madison Square Garden Entertainment Corp.

Madison Square Garden Entertainment Corp. engages in the entertainment business. It produces, presents, or hosts various live entertainment events, including concerts, family shows, and special events, as well as sporting events, such as professional boxing, college basketball and hockey, professional bull riding, mixed martial arts, and esports and wrestling in its venues, including The Garden, Hulu Theater, Radio City Music Hall, and the Beacon Theatre in New York City; and The Chicago Theatre. The company also operates 70 entertainment dining and nightlife venues spanning 20 markets across five continents under the Tao, Marquee, Lavo, Beauty & Essex, Cathédrale, Hakkasan, and Omnia brand names; and creates and operates New England's premier music festival. In addition, it features the Radio City Rockettes, which serves as the star for its Christmas Spectacular at Radio City Music Hall. The company was founded in 2006 and is based in New York, New York.

Sector: Communication Services · Industry: Entertainment

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 17, 2026
B

Acceptable

Acceptable but room for improvement

69Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Peripheral exposure (still halal, purify this share)
3.0%

Primary business is permissible. AAOIFI allows up to 5% revenue from incidental non-compliant sources, provided the share is purified.

  • •Entertainment: estimated 3.0% peripheral exposure (AAOIFI industry average)

Use the Purification Calculator to compute exactly how much of your dividend income to donate.

Financial Ratio Screen

Passed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap16.8% / 30.0%

Compliance History

  1. Halalnow

    since Jun 2026

  2. Not Halal

    until the change above

Tracked since May 2026. Updates automatically on each re-screen.

Screened: Jun 17, 2026Fiscal: Q3 2026Source: EDGAR

Purify Your MSGE Dividends

0.2% non-compliant income

MSGE has 0.2% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

3.4B

Price

$72.08

Sector

Communication Services

Industry

Entertainment

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Frequently Asked Questions

Is Madison Square Garden Entertainment Corp. (MSGE) halal to invest in?
Based on AAOIFI Standard 21 screening, Madison Square Garden Entertainment Corp. (MSGE) is rated Halal with a compliance grade of B (Acceptable). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).
Why did Madison Square Garden Entertainment Corp. get a B compliance rating?
Madison Square Garden Entertainment Corp. (MSGE) received a grade of B (Acceptable) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 16.8% (limit 30%); interest-bearing deposits of 1.3% (limit 30%); prohibited income of 0.20% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Madison Square Garden Entertainment Corp.'s Shariah verdict?
Madison Square Garden Entertainment Corp.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is Madison Square Garden Entertainment Corp. re-screened for Shariah compliance?
Madison Square Garden Entertainment Corp. (MSGE) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 17, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.