Is Newsmax Inc. (NMAX) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.8% / 30% | 8.4% / 30% | 2.9% / 30% | 0.34% / 5% | ✓ HALAL |
| DJIM | 0.8% / 33% | 8.4% / 33% | 2.9% / 33% | 0.34% / 5% | ✓ HALAL |
| MSCI | 5.7% / 33% | 56.4% / 33% | 19.4% / 33% | 0.34% / 5% | ✗ NOT HALAL |
| S&P | 0.8% / 33% | 8.4% / 33% | 2.9% / 33% | 0.34% / 5% | ✓ HALAL |
| FTSE | 5.7% / 33% | 56.4% / 33% | 19.4% / 50% | 0.34% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 39.3% | |
| Operating Margin | -9.0% | |
| Net Margin | -52.6% | |
| Return on Equity (ROE) | -205.2% | |
| Return on Assets (ROA) | -32.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$49M |
| Free Cash Flow | -$50M |
| Total Debt | $8M |
| Debt-to-Equity | 8.8 |
| Current Ratio | 2.4 |
| Total Assets | $146M |
Price & Trading
| Last Close | $5.98 |
| 50-Day MA | $6.63 |
| 200-Day MA | $10.25 |
| Avg Volume | 897K |
|
52-Week Range
$5.18
| |
About Newsmax Inc. (NMAX)
Newsmax Inc., through its subsidiaries, operates as a television broadcaster and multi-platform content publisher in the United States. It operates through two segments, Broadcasting and Digital. The Broadcasting segment produces and licenses news, business news, and lifestyle content for distribution through cable television systems, direct broadcast satellite operators, and telecommunication companies. This segment also provides programming services through Newsmax and Newsmax2, which offer 24/7 television news and informational programming channels through cable and digital streaming platforms; and World at War that offers 24/7 historical documentaries and movies. The Digital segment offers online advertising services, such as online display, email advertising, other online placements, and print advertisements; subscriptions, including a collection of specialized health and financial newsletters, Newsmax Magazine, and online membership programs; and sells nutraceutical and nonfiction books on political, financial, and health-related topics. Newsmax Inc. was founded in 1998 and is headquartered in Boca Raton, Florida.
Purification Calculator
As a halal stock with 0.34% impermissible income, you need to purify your dividends.
Related Halal Stocks in Communication Services
Frequently Asked Questions
Is Newsmax Inc. (NMAX) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Newsmax Inc. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Newsmax Inc.'s debt ratio?
Newsmax Inc.'s debt ratio is 0.8% 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 5.7%.
Does Newsmax Inc. require dividend purification?
Yes, Newsmax Inc. has an impermissible income ratio of 0.34%, which means 0.34% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are Newsmax Inc.'s key financial metrics?
Newsmax Inc. has a market capitalization of $759M, and revenue of $171M. The company maintains a gross margin of 39.3% and a net margin of -52.6%. Return on equity stands at -205.2%.
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.