Is Reservoir Media, Inc. (RSVR) halal? Not Halal. Based on AAOIFI screening, Reservoir Media, Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Reservoir Media, Inc.

RSVR: Is Reservoir Media, Inc. Halal?

Not Halal

Reservoir Media, Inc.

NASDAQCommunication ServicesUS

$10.20

-0.10%

About Reservoir Media, Inc.

Reservoir Media, Inc. is a company dedicated to managing music rights, structured into two core divisions: Music Publishing and Recorded Music. The Music Publishing segment focuses on acquiring ownership interests in existing musical catalogs and forging agreements with songwriters. Conversely, the Recorded Music division is engaged in procuring sound recording catalogs, discovering and cultivating new recording artists, and then overseeing the marketing, distribution, sales, and licensing of these acquired music assets. The firm was established in 2007, with its primary operations based in New York City. Reservoir Media, Inc. operates as a subsidiary of Reservoir Holdings, Inc.

Sector: Communication Services · Industry: Entertainment

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 2026
F

Non-Compliant

Fails Shariah screening

0Score

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

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap58.0% / 30.0%

Compliance History

Not 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 18, 2026Fiscal: FY 2026Source: FMP

Financial Overview

Market Cap

669.7M

Price

$10.20

Sector

Communication Services

Industry

Entertainment

Halal Alternatives in Communication Services

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

WeShop Holdings Limited Class A Ordinary Shares
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WeShop Holdings Limited Class A Ordinary Shares

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-8.59%

Reddit, Inc.
RDDTA+

Reddit, Inc.

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+12.20%

Globalstar, Inc.
GSATA+

Globalstar, Inc.

$82.64

+0.18%

Chunghwa Telecom Co., Ltd.
CHTA+

Chunghwa Telecom Co., Ltd.

$45.52

-1.62%

Opera Limited
OPRAA

Opera Limited

$18.34

-3.81%

More Communication Services Stocks

DIS

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Verizon Communications Inc.

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CMCSA

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EA

Electronic Arts Inc.

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Frequently Asked Questions

Is Reservoir Media, Inc. (RSVR) halal to invest in?
Reservoir Media, Inc. (RSVR) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did Reservoir Media, Inc. get a F compliance rating?
Reservoir Media, Inc. (RSVR) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 58.0% (limit 30%); interest-bearing deposits of 3.2% (limit 30%); prohibited income of 0.00% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Reservoir Media, Inc.'s Shariah verdict?
Reservoir Media, 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 Reservoir Media, Inc. re-screened for Shariah compliance?
Reservoir Media, Inc. (RSVR) 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 18, 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.