TTWO

Take-Two Interactive

DOUBTFUL — DATA INCOMPLETEstock

Is TTWO Halal?

Video game publisher — mature content concerns.

What You Should Know

Take-Two makes video games (Grand Theft Auto, NBA 2K). Games contain mature themes and violence. Ethical concerns. Its fiscal year ended March 31, 2026 Form 10-K reports $9,383.2 million of assets, $2,518 million of interest-bearing debt, $1,638.1 million of cash and restricted cash, $443.8 million of short-term investments, $737 million of receivables and $6,656.4 million of revenue. Debt/assets is 26.84%, liquidity/assets is 22.19%, receivables-plus-cash/assets is 25.31%, and disclosed interest income is 1.28% of revenue; financial ratios pass, but game content and monetization are not reduced to a universal prohibited-activity numerator.

⚠️ Concerns

  • Violent game content
  • Mature/adult themes
  • Virtual-item monetization
  • Advertising and live-service mix

Current quantitative Sharia screen

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

USD · millions
Interest-bearing debt / assets
26.84%Within limit
Below 33.333% under FTSE Yasaar

2,518 / 9,383.2

Cash + interest-bearing securities / assets
22.19%Within limit
Below 33.333% under FTSE Yasaar

2,081.9 / 9,383.2

Receivables + cash / assets
25.31%Within limit
Below 50% under FTSE Yasaar

2,375.1 / 9,383.2

Non-compliant income / revenue
1.28%Within limit
No more than 5% under FTSE Yasaar

85.1 / 6,656.4

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

Debt/assets is 26.84%, liquidity/assets is 22.19%, receivables-plus-cash/assets is 25.31%, and disclosed interest income is 1.28% of revenue; content and activity are incompletely quantified.

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

Debt/assets, liquidity/assets and receivables-plus-cash/assets are below the examined MSCI limits; the business-activity numerator is not disclosed.

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

The examined Malaysia financial ratios pass; this is a calculation against SAC ratios, not an official classification, and activity remains incomplete.

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

A properly licensed and reproducible historical market-cap series is not stored; the filing-based results remain documented.

Business-activity disclosure

Take-Two publishes interactive entertainment and live-service games. The qualitative record identifies mature themes and violence; the filing does not quantify gambling-like mechanics, advertising or other potentially non-compliant content across the portfolio.

Limitation: The filing does not provide a universal prohibited-activity numerator across game titles, virtual items, advertising and live services.

Purification

Take-Two discloses $85.1 million of interest income, but does not provide a complete prohibited-activity numerator; no definitive purification percentage is invented.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Take-Two's fiscal year ended March 31, 2026 Form 10-K.
  • Interest-bearing debt is $30.0 million of short-term debt plus $2,488.0 million of long-term debt.
  • Cash and cash equivalents include $1,545.5 million cash, $13.2 million restricted cash and $79.4 million long-term restricted cash. Short-term investments are $443.8 million; accounts receivable are $737.0 million.
  • Revenue is $6,656.4 million for the fiscal year; disclosed interest income is $85.1 million.
  • Interactive entertainment, games, in-game virtual items, advertising and live services are not reduced to 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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