FOX

Fox Corp.

DOUBTFUL — METHODS DIFFERstock

Is FOX Halal?

Media — financial ratios pass, but content and advertising remain mixed.

What You Should Know

Fox's March 31, 2026 filing reports debt/assets of 30.32%, liquidity/assets of 16.53%, receivables plus cash/assets of 30.06% and disclosed interest income of 0.58% of quarterly revenue. News, sports and distribution can be permissible, while entertainment, sports-betting and alcohol advertising require qualitative review.

⚠️ Concerns

  • Sports-betting and alcohol advertising
  • Entertainment programming is scholar-dependent
  • Disclosed interest income is not a complete purification prescription

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.

USD · millions
Interest-bearing debt / assets
30.32%Within limit
Below 33.333% under FTSE Yasaar

6,605 / 21,783

Cash + interest-bearing securities / assets
16.53%Within limit
Below 33.333% under FTSE Yasaar

3,601 / 21,783

Receivables + cash / assets
30.06%Within limit
Below 50% under FTSE Yasaar

6,549 / 21,783

Non-compliant income / revenue
0.58%Within limit
No more than 5% under FTSE Yasaar

23 / 3,994

FTSE Yasaar
v4.6, February 2026
Financial
Pass
Overall
Incomplete

Debt is 30.32% of assets, liquidity is 16.53%, receivables plus cash are 30.06% and disclosed interest income is 0.58%; activity classification remains incomplete.

MSCI Islamic (total-assets series)
October 2024 methodology
Financial
Pass
Overall
Incomplete

Examined financial ratios are below the total-assets limits; this is not an index-membership claim.

Malaysia SAC financial ratios
single 5% activity benchmark adopted November 2025
Financial
Pass
Overall
Incomplete

Examined financial ratios are below Malaysia SAC limits; this is not an official classification.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
Financial
Not calculated
Overall
Incomplete

A licensed historical market-cap series is not stored.

Business-activity disclosure

Fox operates cable networks, broadcast television, sports and advertising businesses. Journalism and distribution can be permissible, while entertainment content, sports betting, alcohol advertising and downstream programming require qualitative review.

Limitation: The filing does not quantify a scholar-specific prohibited-revenue numerator; the disclosed interest figure is a screen input, not a complete purification prescription.

Purification

Fox discloses $23 million of interest income but does not prescribe a scholar-approved purification percentage; no fixed amount is estimated.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Fox's March 31, 2026 Form 10-Q.
  • Borrowings are $6,605 million; no revolving-facility balance was outstanding and operating leases are excluded.
  • Cash is $3,601 million and no separately identified unrestricted interest-bearing securities are added.
  • Receivables are $2,948 million and quarterly revenue is $3,994 million; disclosed interest income is $23 million.
  • The filing does not allocate advertising, sports, news or entertainment revenue into a universal prohibited-activity numerator.

This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.

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