Madison Square Garden Entertainment Corp

MSGE

Not Compliant
Exchange
Sector
Headquarters
Group
NYSE
Consumer Cyclicals
USA
Mid Cap

Madison Square Garden Entertainment Corp is not Shariah Compliant because of its involvement in Plays & Concert Production and related activities.

1.32%

Impure Income*

$0.055

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Mid Cap
BUY
27.37%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
15.96%
6.24%
0.69
0.70
75.63%

Shariah Compliance

  • Updated on September 22, 2026
Debt
15.59%
✓
Non-Compliant Assets
4.63%
✓
Impure Income
1.32%
✓

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
26.53%
✓
Impure Income
1.32%
✓

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
24.07%
✓
Impure Income
1.32%
✓

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
29.5%
✓
Cash
23.93%
✓
Cash & AR
28.91%
✓
Impure Income
1.32%
✓

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
29.5%
✓
Cash
23.93%
✓
Cash & AR
28.91%
✓
Impure Income
1.32%
✓

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
1.32%

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

Madison Square Garden Entertainment Corp. is a live entertainment company. The Company’s portfolio includes a collection of venues – New York’s Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall, and Beacon Theatre; and The Chicago Theatre – that showcase a range of sporting events, concerts, family shows, and special events. In addition, the Company features the original production, the Christmas Spectacular Starring the Radio City Rockettes. In addition, the Company hosts two of the franchises in professional sports – the National Basketball Association’s Knicks and the National Hockey League’s Rangers. The Company also promotes, produces and/or presents a range of live sporting events, including professional boxing, college basketball, college hockey, professional bull riding, mixed martial arts, esports and wrestling. It conducts a significant portion of its operations at venues that it either owns or operates under long-term leases.

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