Is IMAX (IMAX) halal?
IMAX (NYSE: IMAX), the Mississauga-based large-format entertainment technology company, gets a PASS: the theatre-systems business is clean, US$292M of total debt is ~9% of market cap vs the ~33% ceiling, and interest income is ~0.6% of revenue.
The two-gate Shariah screen
Every screener on this site runs the same two gates: first, the business must be halal (no conventional insurance, banking, alcohol, gambling, weapons manufacturing, and the like); second, the financial ratios must clear (debt under roughly 33% of market cap, non-compliant income under roughly 5%).
Gate one: the business — PASSED
IMAX Corporation (NYSE: IMAX), headquartered in Mississauga, Ontario, is an entertainment technology company that designs and sells large-format theatre systems and related services. It reports two segments — Content Solutions and Technology Products and Services — and operated a network of 1,876 IMAX systems worldwide at June 30, 2026, with a backlog of 421 systems (company Q2 2026 results release, July 23, 2026). None of the standard AAOIFI prohibited business activities (conventional banking and insurance, alcohol, gambling, weapons, pork, tobacco, adult entertainment) are part of IMAX's operations, so the business-activity gate passes. Facts only, no fatwa.
Gate two: the ratios — PASSED
Total debt, excluding deferred financing costs, was US$292 million at June 30, 2026 (company Q2 2026 results release), including the US$250 million of 0.750% convertible senior notes due 2030 issued in 2025. Against a market capitalization of about US$3.10 billion (US$56.33 per Finnhub, September 2026, times ~55.0 million basic shares outstanding per the Q2 2026 release), that is roughly 9% debt-to-market-cap — well under the ~33% ceiling. Cash and cash equivalents of US$160 million at June 30, 2026 are about 5% of market cap. Interest (non-compliant) income was US$1.119 million on revenue of US$184.221 million in the six months ended June 30, 2026 — about 0.6%, under the ~5% ceiling. Note that IMAX's larger "finance income" line (US$5.785 million in H1 2026) is operating revenue from sales-type lease financing arrangements, not interest income. All figures recomputed from the cited sources; IMAX reports in US dollars.
What other screeners say
At screening time (September 29, 2026), no current public Shariah rating for IMAX was found on the Zoya, Musaffa, or ShariaPortfolio public pages — honestly reported as absent rather than invented. The PASS recorded here rests on the ratios computed from the company's own filings.
The bottom line
IMAX (IMAX) is a PASS: the large-format entertainment technology business clears the activity gate, total debt of US$292 million is about 9% of its market capitalization, and interest income of US$1.119 million in H1 2026 is about 0.6% of revenue. As with every screener here, this is a rules-based screening of published figures, not a religious ruling — consult a qualified scholar for personal guidance.
Sources
- IMAX Q2 2026 results press release (Business Wire, July 23, 2026)
- IMAX Q2 2026 income statement detail (StockTitan)
- IMAX Q1 2026 Form 10-Q (companiesmarketcap mirror)
- IMAX market data (Finnhub, September 2026)
Frequently asked questions
Is IMAX stock halal?
Based on this screener's AAOIFI-style checks, IMAX passes: its business is large-format entertainment technology (theatre systems and related services), total debt is about 9.4% of market cap, and interest income is about 0.6% of revenue. This is a screening result, not investment advice or a religious ruling.
How much debt does IMAX have relative to its market value?
IMAX reported total debt of US$292 million (excluding deferred financing costs) at June 30, 2026, against a market cap of about US$3.10 billion - roughly 9.4%, well under the ~33% ceiling this screener uses.
Does IMAX earn interest income?
Yes, a small amount: US$1.119 million of interest income on US$184.221 million of revenue in the first half of 2026, about 0.6% - under the ~5% ceiling. Its larger 'finance income' line (US$5.785M) is operating revenue from lease financing arrangements, not interest.
What does IMAX do?
IMAX Corporation, headquartered in Mississauga, Ontario, designs and sells large-format theatre projection systems and related technology, and earns revenue from content solutions and technology products and services across a network of 1,876 IMAX systems worldwide.
Do Zoya, Musaffa, or ShariaPortfolio rate IMAX?
No public rating from Zoya, Musaffa, or ShariaPortfolio was found for IMAX as of September 2026, so this page relies on IMAX's own filings and market data instead.