NFLX2
Warner Bros. Discovery
Is NFLX2 Halal?
Entertainment company — current business screen fails despite mostly passing asset ratios.
What You Should Know
The preserved NFLX2 route is an alias for Warner Bros. Discovery, not Netflix. Its Q1 2026 filing reports debt/assets of 33.18%, liquidity/assets of 3.34%, receivables plus cash/assets of 8.46% and disclosed interest income of 0.25%; debt is just below the examined one-third FTSE/MSCI limits but above the examined Malaysia 33% ratio. Warner Bros. Discovery's film, television, streaming, news and advertising portfolio includes adult and other impermissible content, so the qualitative business screen remains a failure.
⚠️ Concerns
- •Film, television and streaming catalogs include adult and other impermissible content
- •Advertising and distribution categories are not fully screened
- •Malaysia debt ratio fails at 33.18%
- •NFLX2 is a preserved alias for Warner Bros. Discovery, not a current Netflix security
- •Disclosed interest income is not a purification prescription
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
32,466 / 97,837
3,264 / 97,837
8,273 / 97,837
22 / 8,893
- Financial
- Pass
- Overall
- Incomplete
Debt is 33.18% of total assets, below the examined FTSE limit; liquidity is 3.34%, receivables plus cash are 8.46% and interest income is 0.25%. The filing does not isolate a complete prohibited-content numerator, so the overall business screen remains incomplete despite the material qualitative concern.
- Financial
- Pass
- Overall
- Incomplete
Debt, liquidity and receivables-plus-cash are below the examined total-assets limits; the filing does not isolate a complete prohibited-content numerator for the core entertainment and content business.
- Financial
- Fails
- Overall
- Fails
Debt is 33.18%, above the examined 33% Malaysia ratio, and the entertainment/content business also fails the qualitative activity assessment. This is not an official SAC classification.
- Financial
- Not calculated
- Overall
- Fails
A properly licensed and reproducible 24- or 36-month market-cap history is not stored; the current asset-based and business-screen findings remain material.
Business-activity disclosure
Warner Bros. Discovery operates television, film, streaming, news and advertising businesses. The consolidated portfolio distributes and monetizes entertainment content and advertising categories that cannot be treated as permissible from aggregate revenue alone; the qualitative evidence is material, but the filing does not isolate a complete prohibited-revenue numerator.
Limitation: The filing does not provide a reproducible prohibited-content or prohibited-advertising revenue numerator that resolves all school-specific activity tests.
Purification
The filing reports interest income of 0.25% of quarterly revenue, but ZakatInvest does not infer a scholar-approved purification percentage from aggregate media revenue.
Inputs, assumptions and primary sources
- Amounts are USD millions from Warner Bros. Discovery's March 31, 2026 consolidated statements; the preserved NFLX2 route is an alias for this issuer.
- Debt combines the current portion of debt of $1,493 million and noncurrent debt of $30,973 million; leases are excluded.
- Cash and cash equivalents are $3,264 million; the filing does not identify a separate unrestricted interest-bearing securities balance for this screen.
- Receivables, net are $5,009 million and quarterly total revenues are $8,893 million.
- The filing separately reports $22 million of interest income, or 0.25% of quarterly revenue.
- The alias is retained for URL and route compatibility; this record does not claim that NFLX2 is a current exchange ticker.
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.
Similar Stocks
Want to screen more assets?
Use our interactive Halal Checker to screen any stock, ETF, or crypto instantly.
Go to Halal Checker →