What is MediaCo Holding Inc.'s Shariah compliance score?

MediaCo Holding Inc. (MDIA) has a Shariah compliance score of 0/100 (Grade: F, Non-Compliant). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does MediaCo Holding Inc. pass AAOIFI screening?

MediaCo Holding Inc. (MDIA) does not pass AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. MDIA's debt-to-market-cap is 94.6%.

How much purification is needed for MediaCo Holding Inc.?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the percentage and amount for MediaCo Holding Inc. (MDIA) using the latest financial data.

Where can I screen MediaCo Holding Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for MediaCo Holding Inc. (MDIA) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

MDIANot HalalF

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Compliance Status

Not Halal

Screened on Oct 11, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

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

Quote this verdict

HalalScreener rates MediaCo Holding Inc. (MDIA) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 11, 2026. Source: https://halalscreener.app/en/stock/MDIA

AvoidBorderlineClean

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%.

94.6% of 30.0% limit

PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding MDIA

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

MDIA: Is MediaCo Holding Inc. Halal?

MediaCo Holding Inc.

NASDAQCommunication ServicesUS

$1.03

Market Cap: 79.2M

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About MediaCo Holding Inc.

MediaCo Holding Inc. (MDIA) is a media company with operations divided into two primary areas: radio broadcasting and outdoor advertising. Its radio division manages the WQHT-FM and WBLS-FM stations, both serving the New York City metropolitan area. The outdoor advertising segment specializes in various display solutions, including traditional bulletins, posters, and advanced digital billboards. These advertising assets are primarily located across multiple states, such as Georgia, Alabama, South Carolina, Florida, Kentucky, West Virginia, and Ohio. As of the close of 2021, the company oversaw approximately 3,500 outdoor advertising displays. In addition to these core services, MediaCo also provides digital advertising and event sponsorship. Founded in 2019 and headquartered in New York, New York, MediaCo Holding Inc. operates as a subsidiary of Emmis Communications Corporation.

Sector: Communication Services · Industry: Broadcasting

Why this does not pass

Interest-bearing debt is 94.6% of market cap, over the 30% AAOIFI limit.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 11, 2026

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Business Activity Screen

Passed

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

Source: the company's Form 10-K for the fiscal year ended 2025-12-31, which names no revenue from a prohibited activity. View its filings on SEC EDGAR

PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

Compliance History

Not Halalnow
since Oct 2026
Halal
until the change above

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

Fiscal: Q2 2026Data source: EDGAR

Halal Alternatives in Communication Services

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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Frequently Asked Questions

Is MediaCo Holding Inc. (MDIA) halal to invest in?

MediaCo Holding Inc. (MDIA) 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 MediaCo Holding Inc. get a F compliance rating?

MediaCo Holding Inc. (MDIA) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 94.6% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change MediaCo Holding Inc.'s Shariah verdict?

MediaCo Holding 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 MediaCo Holding Inc. re-screened for Shariah compliance?

MediaCo Holding Inc. (MDIA) 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: Oct 11, 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.