TKO
TKO Group Holdings, Inc.
Is TKO Halal?
Sports entertainment holding WWE and UFC — entertainment with combat sports and content concerns.
What You Should Know
TKO Group Holdings is the US sports-entertainment company formed around UFC and WWE, with additional live-event, media-rights, licensing, sponsorship, and hospitality operations. Its March 31, 2026 filing reports $1.597 billion of quarterly revenue, $4.640 billion of long-term and current debt, and $16.023 billion of assets. The qualitative screen is disputed: scholars differ on combat sports, staged violence, content standards, alcohol sponsorship, and betting-related partners, so the result should remain methodology-dependent rather than presented as a universal certification.
⚠️ Concerns
- •Combat sports and staged-violence entertainment — scholars differ on permissibility
- •Alcohol and sports-betting sponsorship exposure is not separately quantified
- •WWE content includes suggestive and adult-themed material that concerns some scholars
- •Revenue mix across UFC, WWE, media rights, live events and other properties is not a Sharia activity split
- •Debt/assets is 28.96%; the known asset ratios pass but income and activity disclosure remain incomplete
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-13.
4,639.92 / 16,022.802
922.663 / 16,022.802
1,549.321 / 16,022.802
- Financial
- Incomplete
- Overall
- Incomplete
Debt/assets is 28.96%, liquidity/assets is 5.76% and receivables plus cash/assets is 9.67%; known ratios pass, but gross interest income and prohibited-activity revenue are not separately disclosed.
- Financial
- Pass
- Overall
- Incomplete
The examined debt, liquidity and receivables-plus-cash ratios pass; business activity and income disclosure remain methodology-dependent.
- Financial
- Pass
- Overall
- Incomplete
The examined Malaysia SAC asset ratios pass, but no official SAC classification or prohibited-revenue numerator is established.
- Financial
- Not calculated
- Overall
- Not calculated
No licensed historical market-cap series is stored.
Business-activity disclosure
TKO owns UFC, WWE and other sports and entertainment properties. The qualitative screen is disputed: scholars may differ on combat sports, staged violence, content and sponsorship exposure, so ZakatInvest does not present a universal halal or haram activity conclusion.
Limitation: The filing does not allocate revenue into a universal prohibited-activity numerator for combat sports, alcohol sponsorship or betting-related partners.
Purification
Gross interest income is not separately disclosed; ZakatInvest does not assert a fixed purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from TKO's March 31, 2026 Form 10-Q.
- Interest-bearing debt includes $45.887 million current and $4,594.033 million long-term debt; finance leases are not added to avoid double counting.
- Cash is $788.891 million, restricted cash is excluded, investments are $133.772 million and accounts receivable is $760.430 million.
- First-quarter revenue is $1,596.876 million; the filing separately reports interest expense but not gross interest income.
- TKO combines UFC, WWE and other sports-and-entertainment properties; scholars differ on combat-sports content, sponsorship and event-related activity.
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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