NYT

New York Times Co.

HALAL — METHODS DIFFERstock

Is NYT Halal?

News media — financial ratios pass with disclosed investment income.

What You Should Know

The New York Times' March 31, 2026 filing reports no interest-bearing debt, liquidity/assets of 20.79%, receivables plus cash/assets of 14.74% and disclosed interest income and other net income of 1.58% of quarterly revenue. Journalism and subscriptions are generally permissible, while advertising, games, licensing and securities require review.

⚠️ Concerns

  • Advertising and sponsored content require review
  • Games, media content and licensing are 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
0.00%Within limit
Below 33.333% under FTSE Yasaar

0 / 2,859.351

Cash + interest-bearing securities / assets
20.79%Within limit
Below 33.333% under FTSE Yasaar

594.523 / 2,859.351

Receivables + cash / assets
14.74%Within limit
Below 50% under FTSE Yasaar

421.59 / 2,859.351

Non-compliant income / revenue
1.58%Within limit
No more than 5% under FTSE Yasaar

11.283 / 712.236

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

Debt is 0.00% of assets, liquidity is 20.79%, receivables plus cash are 14.74% and disclosed interest income is 1.58%; 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

The New York Times provides subscription journalism, advertising, games, wirecutter and licensing. Information services are generally permissible, while advertising, content, partnerships and investment holdings require qualitative review.

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

Purification

The New York Times discloses $11.283 million of interest income and other net income but does not prescribe a scholar-approved purification percentage; no fixed amount is estimated.

Inputs, assumptions and primary sources
  • Amounts are USD thousands converted to millions from The New York Times Company's March 31, 2026 Form 10-Q.
  • No interest-bearing debt was reported; the revolving credit facility had no borrowings.
  • Cash is $186.733 million and short-term marketable securities are $407.790 million.
  • Accounts receivable are $234.857 million and quarterly revenue is $712.236 million; interest income and other, net, is $11.283 million.
  • The filing does not allocate subscription, advertising or licensing 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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