WBD
Warner Bros. Discovery Inc.
Is WBD Halal?
Entertainment — major producer of haram content.
What You Should Know
WBD owns HBO and Discovery networks. Its March 2026 Form 10-Q reports $97,837 million of assets, $32,466 million of interest-bearing debt, $3,264 million of cash, $5,009 million of receivables and $8,893 million of quarterly revenue. Debt/assets is 33.18%, liquidity/assets is 3.34%, receivables-plus-cash/assets is 8.46%, and disclosed interest income is 0.25%; the core entertainment model still includes significant haram content.
⚠️ Concerns
- •HBO adult content
- •Explicit entertainment production
- •Sports, advertising and streaming mix
- •Debt/assets is near the examined threshold
- •Paramount merger and financing arrangements
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
- Fails
Debt/assets is 33.18%, liquidity/assets is 3.34%, receivables-plus-cash/assets is 8.46% and disclosed interest income is 0.25%; the business-activity screen fails because entertainment content is core.
- Financial
- Pass
- Overall
- Fails
Debt/assets is 33.18%, liquidity/assets is 3.34% and receivables-plus-cash/assets is 8.46%; the core entertainment activity independently fails.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 33.18%, above the examined 33% Malaysia limit; WBD's core entertainment activity also remains impermissible under the qualitative assessment.
- Financial
- Not calculated
- Overall
- Fails
A properly licensed and reproducible historical market-cap series is not stored; market-cap methods cannot cure the core activity failure.
Business-activity disclosure
WBD owns film and television studios, HBO, Discovery networks, streaming services, sports rights and advertising businesses. The core entertainment model includes explicit and other content that is not permissible under the existing qualitative assessment.
Limitation: The filing reports distribution, advertising and content revenue but does not isolate a scholar-universal prohibited-content numerator.
Purification
WBD discloses $22 million of interest income, but it does not provide a complete prohibited-content numerator or scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from WBD's March 31, 2026 Form 10-Q.
- Interest-bearing debt includes $1,493 million current debt and $30,973 million noncurrent debt; lease liabilities are excluded.
- Cash and cash equivalents are $3,264 million; receivables are $5,009 million and quarterly revenue is $8,893 million.
- Interest income is $22 million, or 0.25% of quarterly revenue. Reported content revenue of $1,887 million is used as a conservative disclosed activity proxy, not as a claim that every content dollar is impermissible; distribution, advertising and sports activity remain unallocated.
- Entertainment, streaming, sports and advertising activities require qualitative review in addition to the financial ratios.
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 →