What is Townsquare Media, Inc.'s Shariah compliance score?

Townsquare Media, Inc.'s (TSQ) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Townsquare Media, Inc. pass AAOIFI screening?

Townsquare Media, Inc. (TSQ) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (TSQ: 452.1%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for Townsquare Media, Inc. stock?

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 exact percentage and amount for Townsquare Media, Inc. (TSQ) using the latest financial data.

Where can I screen Townsquare Media, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Townsquare Media, Inc. (TSQ) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about TSQ's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

TSQ: Is Townsquare Media, Inc. Halal?

Townsquare Media, Inc.

NYSECommunication ServicesUS

$5.85

+2.81%

Market Cap: 97.3M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

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

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%.

452.1% of 30.0% limit

What this means for you

Most scholars advise not holding TSQ

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Townsquare Media, Inc.

Townsquare Media, Inc. functions as a digital media and marketing services firm primarily serving small and medium-sized enterprises. Its operations are structured across three distinct divisions: Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising. The Subscription Digital Marketing Solutions segment provides an extensive array of online marketing tools. These encompass website hosting, search engine optimization (SEO), enhancing online directory visibility, e-commerce capabilities, monitoring online reputation, social media management, appointment scheduling, payment and invoicing systems, customer relationship management, email marketing campaigns, and website retargeting services. Furthermore, this segment specializes in the design, creation, and development of websites optimized for both traditional desktop and mobile platforms. The Digital Advertising segment offers online advertising opportunities on its proprietary digital properties and via programmatic advertising platforms. It also provides a comprehensive platform for data analytics and management. In the Broadcast Advertising segment, the company sells advertising slots on its local radio stations to a diverse range of advertisers, including local, regional, national spot, and national network clients. As of December 31, 2021, this division managed 322 radio stations and approximately 330 local websites across 67 local markets. Beyond these core segments, Townsquare Media organizes about 200 live events annually, such as concerts, expositions, and various other experiential gatherings. The company also operates several local media platforms, including WYRK.com, WJON.com, and NJ101.5.com, alongside prominent national music brands like XXLmag.com, TasteofCountry.com, UltimateClassicRock.com, and Loudwire.com. Originally incorporated in 1996 under the name Regent Communications, Inc., the company officially became Townsquare Media, Inc. in May 2010. Its corporate headquarters are located in Purchase, New York.

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

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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SBS Nexus Berhad

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WSHPA+

WeShop Holdings Limited Class A Ordinary Shares

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GITSA+

Global Interactive Technologies, Inc.

$1.63

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ELWTA+

Elauwit Connection, Inc. Common Stock

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GSATA+

Globalstar, Inc.

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Frequently Asked Questions

Is Townsquare Media, Inc. (TSQ) halal to invest in?

Townsquare Media, Inc. (TSQ) 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 Townsquare Media, Inc. get a F compliance rating?

Townsquare Media, Inc. (TSQ) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 452.1% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Townsquare Media, Inc.'s Shariah verdict?

Townsquare 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 Townsquare Media, Inc. re-screened for Shariah compliance?

Townsquare Media, Inc. (TSQ) 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.