FLUT
Flutter Entertainment PLC
Is FLUT Halal?
Sports gambling — FanDuel, Betfair. Maysir is explicitly haram.
What You Should Know
Flutter Entertainment owns FanDuel and Betfair, major sports betting platforms. Gambling/sports betting is maysir, explicitly haram. Its audited 2025 Form 10-K reports $29,280 million of assets, $12,266 million of long-term debt and $16,383 million of revenue.
⚠️ Concerns
- •Sports gambling (maysir)
- •Casino operations
- •FanDuel sports betting
- •Debt/assets is 41.89% under the asset screen
Current quantitative Sharia screen
Based on 10-K figures for the period ended 2025-12-31; calculated 2026-07-14.
12,266 / 29,280
1,858 / 29,280
2,018 / 29,280
73 / 16,383
- Financial
- Fails
- Overall
- Fails
Debt/assets is 41.89%, above the examined 33.333% limit; the gambling business screen also fails.
- Financial
- Fails
- Overall
- Fails
Debt/assets is above the examined MSCI total-assets limit and the sportsbook and casino business fails.
- Financial
- Fails
- Overall
- Fails
Debt/assets is above the examined Malaysia 33% limit and the gambling business fails; this is not an official SAC classification.
- Financial
- Not calculated
- Overall
- Not calculated
A properly licensed and reproducible historical market-cap series is not stored.
Business-activity disclosure
Flutter operates sportsbook, casino, iGaming, poker, lottery, exchange betting and horse-racing wagering brands including FanDuel, Betfair and Paddy Power. Gambling and maysir are explicitly prohibited and the core business fails.
Limitation: The filing reports net gaming revenue by product and geography; the full revenue base is treated as prohibited activity rather than inventing a smaller percentage.
Purification
The core business screen fails because revenue is generated by wagering and gaming; purification is not treated as a cure for a prohibited business.
Inputs, assumptions and primary sources
- Amounts are USD millions from Flutter's audited 2025 Form 10-K.
- Debt uses current and non-current long-term debt totaling $12,266 million; operating lease liabilities are excluded.
- Cash is $1,828 million; player-deposit investments of $23 million and other investments of $7 million are included as identifiable securities, while player-deposit cash is excluded.
- Accounts receivable are $190 million; player deposits and other current assets are excluded.
- Revenue is $16,383 million. Sportsbook, iGaming, exchange betting, pari-mutuel wagering and related gambling revenue are treated as a conservative prohibited-activity proxy; disclosed interest income is $73 million.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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