Compliance Status
Not Halal
Screened on Oct 15, 2026 · AAOIFI Standard 21
Non-Compliant
Is Nexstar Media Group, Inc. (NXST) halal? Not Halal. Based on AAOIFI screening, Nexstar Media Group, 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 Nexstar Media Group, Inc. (NXST) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 15, 2026. Source: https://halalscreener.app/en/stock/NXST
Business activity
Its main business is permissible, with some incidental non-compliant revenue.
Company debt
Over the limitHow much the company borrows, compared to its total value. AAOIFI allows up to 30%.
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.
Screened according to AAOIFI Standard 21
What this means for you
Most scholars advise not holding NXST
It does not pass AAOIFI Shariah screening.
See halal alternatives from the same sector further down this page
NXST: Is Nexstar Media Group, Inc. Halal?
Nexstar Media Group, Inc.
$164.59
Market Cap: 5.1B
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About Nexstar Media Group, Inc.
Nexstar Media Group, Inc. is a diversified U.S. media corporation focused on broadcast television and digital content. The company specializes in the strategic acquisition, development, and management of local television stations, along with operating interactive community-focused websites and a variety of digital media services. It provides no-cost programming to television viewers across the nation. By the end of 2020, Nexstar directly owned, operated, programmed, or offered sales and other services to 198 television stations. Furthermore, it extended sales, programming, and other support through local service agreements to an additional 37 independent power television stations. The company also furnishes advanced video and display advertising solutions, which can be deployed both locally and nationally across its own digital platforms and various third-party websites and mobile applications. Nexstar is also the proprietor of WGN America, a national cable channel featuring general entertainment. Its broad network of stations is affiliated with major broadcast networks such as ABC, NBC, FOX, CBS, The CW, and MyNetworkTV, among others. Originally known as Nexstar Broadcasting Group, Inc., the company adopted its current name, Nexstar Media Group, Inc., in January 2017. Founded in 1996, its corporate headquarters are located in Irving, Texas.
Sector: Communication Services · Industry: Broadcasting
Why this does not pass
- Interest-bearing debt is 237.8% 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
See which ratio caused the failure.
See the exact debt ratio, interest income %, and prohibited revenue that caused the failure. Know before you sell or hold.
AI Compliance Insight
PROInstitutional-grade Shariah analysis
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Business Activity Screen
PassedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
Primary business is permissible. AAOIFI allows up to 5% revenue from incidental non-compliant sources, provided the share is purified.
- •Estimated 4.0% of revenue from non-compliant sources. This is an average for Broadcasting, not a figure the company reports.
Use the Purification Calculator to compute exactly how much of your dividend income to donate.
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.
Screened according to AAOIFI Standard 21
Compliance History
Not Halal, unchanged since May 2026.
No status changes recorded since we began tracking.
Tracked since May 2026. Updates automatically on each re-screen.
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
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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.