Is Arena Group Holdings, Inc. (AREN) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 83.5% / 30% | 2.9% / 30% | 21.1% / 30% | 1.44% / 5% | ✗ NOT HALAL |
| DJIM | 83.5% / 33% | 2.9% / 33% | 21.1% / 33% | 1.44% / 5% | ✗ NOT HALAL |
| MSCI | 106.3% / 33% | 3.7% / 33% | 26.9% / 33% | 1.44% / 5% | ✗ NOT HALAL |
| S&P | 83.5% / 33% | 2.9% / 33% | 21.1% / 33% | 1.44% / 5% | ✗ NOT HALAL |
| FTSE | 106.3% / 33% | 3.7% / 33% | 26.9% / 50% | 1.44% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 50.7% | |
| Operating Margin | 26.6% | |
| Net Margin | 92.6% | |
| Return on Assets (ROA) | 22.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $39M |
| Free Cash Flow | $30M |
| Total Debt | $100M |
| Current Ratio | 2.1 |
| Total Assets | $113M |
Price & Trading
| Last Close | $2.34 |
| 50-Day MA | $3.22 |
| 200-Day MA | $4.79 |
| Avg Volume | 69K |
| Beta | 0.9 |
|
52-Week Range
$1.46
| |
About Arena Group Holdings, Inc. (AREN)
The Arena Group Holdings, Inc., together with its subsidiaries, operates digital media platform in the United States and internationally. The company offers the Platform, a proprietary online publishing platform that provides tools and services to produce and manage editorially content; audiences bespoke content with optimized design and page construction services; and tools and services for subscription or membership based business and other monetization services, as well as developed proprietary advertising technology, techniques, and relationships to monetize editorially focused online content through various display and video advertisements. It owns and operates brands, such as Athlon Sports, The Spun, Lindy's Sports, Men's Journal, Men's Fitness, Adventure Network, TheStreet, Autoblog, Parade, PetHelpful, Parade Pets, TravelHost, DenGarden, Parade Home & Garden. The company was formerly known as TheMaven, Inc. and changed its name to The Arena Group Holdings, Inc. in February 2022. The company is based in New York, New York. The Arena Group Holdings, Inc. operates as a subsidiary of Simplify Inventions, LLC.
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Frequently Asked Questions
Is Arena Group Holdings, Inc. (AREN) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Arena Group Holdings, Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Arena Group Holdings, Inc.'s debt ratio?
Arena Group Holdings, Inc.'s debt ratio is 83.5% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 106.3%.
What are Arena Group Holdings, Inc.'s key financial metrics?
Arena Group Holdings, Inc. has a market capitalization of $109M, trailing P/E ratio of 3.8, and revenue of $135M. The company maintains a gross margin of 50.7% and a net margin of 92.6%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.