Is Tencent Music Entertainment Gro (TME) Stock Halal or Haram?

Tencent Music Entertainment Gro (TME) - Halal (Shariah-Compliant)

Tencent Music Entertainment Gro (TME) is classified as Halal (Shariah-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.

Business Activity Screen

Sector: Communication Services
Industry: Internet Content & Information
Result: Pass
Reason: The sector "Communication Services" and industry "Internet Content & Information" are not in the excluded categories.

Financial Ratios

Debt Ratio: Value: 8.8% | Threshold: 30% | Result: Pass
Cash & Interest-bearing Securities Ratio: Value: 29.5% | Threshold: 30% | Result: Pass
Non-Permissible Income Ratio: Value: 3.0% | Threshold: 5% | Result: Pass

Dividend Purification

Purification percentage: 2.97%.Based on the company's financial statements, approximately 2.97% of dividend income should be donated to charity for purification. This is derived from identified interest income (2.97% of total income). Some scholars may differ on the exact calculation method.

About Tencent Music Entertainment Gro

Tencent Music Entertainment Group operates online music entertainment platforms that provides music streaming, online karaoke, and live streaming services in the People's Republic of China. It provides QQ Music, Kugou Music, and Kuwo Music that enable users to discover, enjoy, and share music in personalized ways; long-form audio content, including audiobooks, podcasts and talk shows, as well as music-oriented video content comprising music videos, live performances, and short videos; and WeSing, which enables users to sing along from its library of karaoke songs and share their performances in audio or video formats with friends. The company also delivers music-centric live streaming services primarily through the Live Streaming tab on QQ Music, Kugou Music, Kuwo Music, WeSing, Kugou Live, and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with audience base; and Lazy Audio, an audio platform. In addition, it sells artist-related merchandise, such as branded apparel, posters and art prints, and accessories; other music services, such as content licensing, sales of digital albums, sales of customized artist-related merchandises, live performances and concerts, and artist management services; and music subscriptions, as well as offers advertising services across its social entertainment platforms. The company is headquartered in Shenzhen, China. Tencent Music Entertainment Group operates as a subsidiary of Tencent Holdings Limited.

Business Activity

Pass

Communication ServicesInternet Content & Information

The sector "Communication Services" and industry "Internet Content & Information" are not in the excluded categories.

Business-activity data: inferred from the company description (lower confidence). How coverage works

Financial Ratios

Pass

Debt Ratio8.8% / 30%

Cash & Interest-bearing Securities Ratio29.5% / 30%

Non-Permissible Income Ratio3.0% / 5%

Denominator: Market Capitalization

Dividend Purification

2.97%

Based on the company's financial statements, approximately 2.97% of dividend income should be donated to charity for purification. This is derived from identified interest income (2.97% of total income). Some scholars may differ on the exact calculation method.

Uses quarterly data

About Tencent Music Entertainment Gro

ChinaNYSECommunication Services

Screened using AAOIFI Standard No. 21 on October 20, 2026. Financial ratios compared against market capitalization. Different methodologies may produce different results. Learn how we screen.

Screened using AAOIFI Shariah Standard No. 21 (3 ratios). Debt and interest-bearing deposits must each be under 30% of market capitalization, and non-permissible income under 5% of total income. This screening is for educational purposes only and does not constitute a fatwa or religious ruling. Results are based on publicly available financial data and automated analysis. Users should consult qualified Islamic scholars and financial advisors for personal investment decisions. Financial data may be delayed or incomplete. Past compliance does not guarantee future status.

Verdict history

Free with an account.

Oct 20, 2026Status changed from Questionable to Halalon-demand screening

Dates are when Mizaan recorded the change. Tracked and watched stocks are re-checked weekly; other stocks are re-screened on demand.

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Screening

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Purification

Dividend Purification Explained

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Frequently Asked Questions

Is Tencent Music Entertainment Gro (TME) stock halal to invest in?

According to AAOIFI Shariah screening standards, Tencent Music Entertainment Gro (TME) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.

Does Tencent Music Entertainment Gro have any interest income?

Tencent Music Entertainment Gro's interest income ratio is 29.5% of total revenue. AAOIFI standards require this to be below 30%.

What guidelines are used to determine if TME stock is Shariah-compliant?

TME is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.

How often is Tencent Music Entertainment Gro stock reviewed for Shariah compliance?

Tencent Music Entertainment Gro's compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.

How can I stay updated on Tencent Music Entertainment Gro's compliance status?

You can save TME to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.

Are dividends from Tencent Music Entertainment Gro stock considered halal?

Dividends from Tencent Music Entertainment Gro require purification. Approximately 2.97% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.

Do I need to pay Zakat on my Tencent Music Entertainment Gro shares?

Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.

Salaam

Tencent Music Entertainment Gro

Business Activity

Financial Ratios

Dividend Purification

About Tencent Music Entertainment Gro

Verdict history

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