Is TNL Mediagene (TNMG) Stock Halal or Haram?

TNL Mediagene (TNMG) - Not Halal (Non-Compliant)

TNL Mediagene (TNMG) is classified as Not Halal (Non-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: Publishing
Result: Pass
Reason: The sector "Communication Services" and industry "Publishing" are not in the excluded categories.

Financial Ratios

Debt Ratio: Value: 130.2% | Threshold: 30% | Result: Fail
Cash & Interest-bearing Securities Ratio: Value: 17.5% | Threshold: 30% | Result: Pass
Non-Permissible Income Ratio: Value: 0.0% | Threshold: 5% | Result: Pass

Dividend Purification

Purification percentage: 0.04%.Based on the company's financial statements, approximately 0.04% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.04% of total income). Some scholars may differ on the exact calculation method.

About TNL Mediagene

TNL Mediagene operates as a media company in Taiwan and Japan. The company operates The News Lens, a news site; Business Insider Japan and Business Insider Taiwan, a news site focused on developments inside and outside Japan and Taiwan in business, finance, politics, and technology; DIGIDAY JAPAN, a publication for Japanese and international digital marketing news; MASHING UP, a conference and event series; Modern Retail, a site for retail marketing; Becoming Aces, a site to promote young entrepreneurs; and GLOSSY JAPAN, a site for beauty and fashion industry. It also operates Gizmodo Japan, a weblog site that publishes news, reviews, and buying guides of latest technology and consumer gadgets; Cool3c, a gadget weblog site; Tech Insider, a site publishing stories on technology and business of technology; INSIDE, an online news publication focused on internet and software startups, blockchain, technology industry trends, digital life, and future technology. In addition, the company offers iCook, a food site; Lifehacker Japan, a weblog site about lifestyle advice, and software tips and news; ROOMIE, a site offering lifestyle items and ideas; ROOMIE KITCHEN, a cooking site; Life Insider Japan and Money Insider Japan; iGood for shopping; and Sports Vision, a site that presents news and analysis on sports, athletes, sports policy, and business of sport. It also involved digital advertising, integrated marketing, marketing survey, artificial intelligence technology, data analysis, content service platform, and production of audio-visual programs. The company is based in Tokyo, Japan.

Business Activity

Pass

Communication ServicesPublishing

The sector "Communication Services" and industry "Publishing" are not in the excluded categories.

Business-activity data: SEC filings. How coverage works

Financial Ratios

Fail

Debt Ratio130.2% / 30%

Cash & Interest-bearing Securities Ratio17.5% / 30%

Non-Permissible Income Ratio0.0% / 5%

Denominator: Market Capitalization

Dividend Purification

0.04%

Based on the company's financial statements, approximately 0.04% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.04% of total income). Some scholars may differ on the exact calculation method.

Uses quarterly data

About TNL Mediagene

JapanNASDAQCommunication 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.

No verdict changes recorded since first screened on Aug 4, 2026. We started recording changes on Oct 19, 2026.

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

Learn how to calculate and donate the non-permissible portion of your dividend income.

Frequently Asked Questions

Is TNL Mediagene (TNMG) stock halal to invest in?

According to AAOIFI Shariah screening standards, TNL Mediagene (TNMG) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.

Does TNL Mediagene have any interest income?

TNL Mediagene's interest income ratio is 17.5% of total revenue. AAOIFI standards require this to be below 30%.

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

TNMG 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 TNL Mediagene stock reviewed for Shariah compliance?

TNL Mediagene'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 TNL Mediagene's compliance status?

You can save TNMG 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 TNL Mediagene stock considered halal?

Dividends from TNL Mediagene require purification. Approximately 0.04% 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 TNL Mediagene 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

TNL Mediagene

Business Activity

Financial Ratios

Dividend Purification

About TNL Mediagene

Verdict history

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