Is PSKY (Paramount Skydance Corporation Class B Common Stock) Halal or Haram?

Based on our AAOIFI-standard shariah screening, PSKY is classified as Doubtful. It passed 3 of 4 compliance screens. Some scholars may permit investing with income purification, while others advise avoiding it. We recommend consulting a qualified Islamic scholar before investing in PSKY.

Paramount Skydance Corporation is a global media and entertainment powerhouse operating major broadcast and streaming platforms. Its extensive portfolio includes the CBS Television Network, international free-to-air networks, and popular cable channels like Nickelodeon, MTV, and Comedy Central, alongside the Paramount+ streaming service. For Muslim investors utilizing HalalStocks.co.uk, PSKY is currently classified as Doubtful. Although the company passes the core business activity and interest income screens, it severely fails the leverage test, making it non-compliant under standard AAOIFI guidelines. The primary concern from an Islamic finance perspective is the company's massive debt load, with a debt-to-market cap ratio of 128.6%, well above the 33% limit. Fortunately, its cash and securities ratio remains compliant at 29.3%, and interest-bearing income is minimal at just 0.52% of total revenue. Investors should also be mindful of the entertainment industry's inherent nuances, as content on networks like MTV or Comedy Central can sometimes border on impermissible themes. Moving forward, strict monitoring of both the company's debt restructuring and its content portfolio is highly advised for halal portfolio management. Paramount Skydance Corporation Class B Common Stock operates in the Communication Services sector under the Entertainment industry and is headquartered in New York City, NY, US. The company is led by CEO David Ellison and employs approximately 18,600 people.

PSKY was screened using AAOIFI-based shariah compliance criteria. Four tests are applied: (1) Business Activity — the company's core business must not derive primary income from haram (prohibited) activities such as alcohol, gambling, tobacco, or interest-based finance. (2) Debt-to-Market-Cap — total debt must not exceed 33% of market capitalization. (3) Interest Income — interest income must not exceed 5% of total revenue. (4) Cash & Securities — cash and interest-bearing securities must not exceed 33% of market cap. PSKY passed 3 of these 4 screens.

PSKY was last screened on 2026-04-29. Shariah compliance status can change as companies report new financial data, acquire new businesses, or shift revenue streams. We recommend checking back periodically for the most up-to-date screening results.