What is Newsmax, Inc.'s Shariah compliance score?

Newsmax, Inc. (NMAX) has a Shariah compliance score of 68/100 (Grade: B, Acceptable) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Newsmax, Inc. pass AAOIFI screening?

Newsmax, Inc. (NMAX) passes AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (NMAX: 1.3%), (3) interest-bearing deposits below 30% (NMAX: 2.9%), and (4) prohibited income below 5% (NMAX: 1.8%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Newsmax, Inc. stock?

Newsmax, Inc. (NMAX) has a non-permissible income ratio of 1.77%. Muslim investors should purify this percentage of any dividends received and capital gains realized from NMAX shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Newsmax, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Newsmax, Inc. (NMAX) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about NMAX's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Newsmax, Inc. (NMAX) halal? Halal. Based on AAOIFI screening, Newsmax, Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 68/100 (Grade: B).

NMAX: Is Newsmax, Inc. Halal?

Halal

Newsmax, Inc.

NYSECommunication ServicesUS

$7.82

-4.52%

AvoidBorderlineClean

Purify ~5.8% of income

About Newsmax, Inc.

Newsmax Inc., established in 1998 and based in Boca Raton, Florida, functions as a multifaceted media enterprise. Operating through its various subsidiaries, the company specializes as both a television broadcaster and a comprehensive content publisher across multiple platforms. Its operations are organized into two core divisions: broadcasting and digital. The broadcasting segment is responsible for creating and licensing diverse content, spanning news, business news, and lifestyle topics. This includes its prominent 24/7 television news and informational channels, Newsmax and Newsmax2. The digital segment generates revenue through several avenues, such as online advertising (including display ads, email campaigns, and other digital placements) and traditional print advertisements. Newsmax also maintains a significant subscription business, providing specialized newsletters on health and financial subjects, Newsmax Magazine, and four distinct online membership programs. Furthermore, the company engages in e-commerce, primarily via subsidiaries that market nutraceutical products and non-fiction books covering political, financial, and health-related themes. Newsmax Inc. ultimately operates as a subsidiary of the Christopher Ruddy Revocable Trust.

Sector: Communication Services · Industry: Broadcasting

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 16, 2026

Acceptable

Acceptable but room for improvement

68Score

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)

4.0%

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

•Broadcasting: estimated 4.0% 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 Cap1.3% / 30.0%

Compliance History

Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Screened: Jun 16, 2026Fiscal: Q1 2026Source: FMP

Purify Your NMAX Dividends

1.8% non-compliant income

NMAX has 1.8% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

703.2M

Price

$7.82

Sector

Communication Services

Industry

Broadcasting

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Frequently Asked Questions

Is Newsmax, Inc. (NMAX) halal to invest in?

Based on AAOIFI Standard 21 screening, Newsmax, Inc. (NMAX) 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 Newsmax, Inc. get a B compliance rating?

Newsmax, Inc. (NMAX) received a grade of B (Acceptable) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 1.3% (limit 30%); interest-bearing deposits of 2.9% (limit 30%); prohibited income of 1.77% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Newsmax, Inc.'s Shariah verdict?

Newsmax, Inc.'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 Newsmax, Inc. re-screened for Shariah compliance?

Newsmax, Inc. (NMAX) 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 16, 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.