Flash Sports & Media, Inc.

FLZH: Is Flash Sports & Media, Inc. Halal?

Flash Sports & Media, Inc.

NASDAQCommunication ServicesUS

$0.10

-56.54%

Market Cap: 121.2K

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Flash Sports & Media, Inc. (FLZH) halal? Not Halal. Based on AAOIFI screening, Flash Sports & Media, Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

3194775.2% of 30.0% limit

What this means for you

Most scholars advise not holding FLZH

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Flash Sports & Media, Inc.

Flash Sports and Media, Inc. is a global sports, media, and experiential platform focused on the creation, production, commercialization, and monetization of live events, sports properties, original content, media rights, sponsorships, and branded fan experiences. The company pivoted from its legacy markets in controlled environment agriculture (as urban-gro, Inc.) to focus on the global sports and media industry. [18, 55, 60]

Sector: Communication Services · Industry: Broadcasting

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Peripheral exposure (still halal, purify this share)
4.0%

Primary business is permissible. AAOIFI allows up to 5% revenue from incidental non-compliant sources, provided the share is purified.

  • Broadcasting: estimated 4.0% peripheral exposure (AAOIFI industry average)

Use the Purification Calculator to compute exactly how much of your dividend income to donate.

Compliance History

Not Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

Tracked since Aug 2026. Updates automatically on each re-screen.

Fiscal: Q2 2026Data source: EDGAR
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Frequently Asked Questions

Is Flash Sports & Media, Inc. (FLZH) halal to invest in?
Flash Sports & Media, Inc. (FLZH) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did Flash Sports & Media, Inc. get a F compliance rating?
Flash Sports & Media, Inc. (FLZH) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 3194775.2% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Flash Sports & Media, Inc.'s Shariah verdict?
Flash Sports & Media, Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is Flash Sports & Media, Inc. re-screened for Shariah compliance?
Flash Sports & Media, Inc. (FLZH) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Aug 26, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.