Halal Bourse

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Is Reservoir Media, Inc. (RSVR) stock halal?

Prohibited

Thresholds exceeded under all standards, and the strict view excludes it.

This verdict follows the median view, that of AAOIFI Standard No. 21. It is based on the financial statements for the fiscal year ended 03/31/2026.

Open the evidence file

The ratios

CriterionMeasureThresholdResult
Interest-bearing debt272.7% of market capitalization30%threshold exceeded
Interest-bearing investments15.5% of market capitalization30%within threshold
Impermissible incomenot published5%to be verified

Standard: AAOIFI, Standard No. 21.

Margin to threshold and trend

ItemRatio (fiscal year end)Threshold (AAOIFI, Standard No. 21)MarginChange since year endEstimated ratio
Interest-bearing debt272.7%30%−242.7%+1.4%276.5%
Interest-bearing investments15.5%30%14.5%-47.3%8.2%

Change read from the quarterly financial statements filed with the SEC (form 10-Q ended 06/30/2026, 1 quarter after fiscal year end), with the same reader on both dates. The estimated ratio applies this change to the annual ratio, with market capitalization unchanged: it is an estimate, not a verdict. "On watch" flags a permitted company whose estimated ratio reaches the threshold, or is within 5 points of the threshold and rising. This is neither a forecast nor advice.

The three views

Business activity

Services-Amusement & Recreation Services (SIC code 7900)

Financial statements read

Fiscal year ended 03/31/2026, in millions of dollars. Source: SEC EDGAR: annual reports of Reservoir Media, Inc..

What could not be verified

Status history

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In the same sector

Compliance comparison only: no opinion on the value of these securities.

General information: neither investment advice nor a fatwa. Verdict calculated by published rules, from financial statements read automatically and not reviewed by a human. Read the methodology