H

Hyatt Hotels Corp.

HALAL — DATA INCOMPLETEstock

Is H Halal?

Hospitality with passing asset-based screens but unquantified hotel-level activities.

What You Should Know

Hyatt's March 31, 2026 filing shows debt/assets 30.78%, liquidity/assets 13.13%, receivables plus cash/assets 12.30%, and disclosed interest income of 1.83% of quarterly revenue. Core hospitality is generally permissible, while alcohol, gaming, captive insurance and hotel-level end uses remain qualitative concerns.

⚠️ Concerns

  • Hotel-level alcohol and gaming exposure is not quantified
  • Financial screens pass but business activity remains incomplete
  • Disclosed interest income requires methodology-specific treatment

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.

USD · millions
Interest-bearing debt / assets
30.78%Within limit
Below 33.333% under FTSE Yasaar

4,280 / 13,903

Cash + interest-bearing securities / assets
13.13%Within limit
Below 33.333% under FTSE Yasaar

1,826 / 13,903

Receivables + cash / assets
12.30%Within limit
Below 50% under FTSE Yasaar

1,710 / 13,903

Non-compliant income / revenue
1.83%Within limit
No more than 5% under FTSE Yasaar

32 / 1,748

FTSE Yasaar
v4.6, February 2026
Financial
Pass
Overall
Incomplete

Debt is 30.78% of total assets, liquidity is 13.13%, receivables plus cash are 12.30% and disclosed interest income is 1.83%; examined financial ratios pass while hotel activity remains incomplete.

MSCI Islamic (total-assets series)
October 2024 methodology
Financial
Pass
Overall
Incomplete

Debt, liquidity and receivables-plus-cash are below the examined total-assets thresholds; hotel-level activity remains incomplete. This is not an index-membership claim.

Malaysia SAC financial ratios
single 5% activity benchmark adopted November 2025
Financial
Pass
Overall
Incomplete

Debt and identifiable liquidity are below the examined 33% thresholds. This is a calculation against SAC ratios, not an official classification, and activity revenue remains incomplete.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
Financial
Not calculated
Overall
Not calculated

A properly licensed and reproducible 24- or 36-month issuer market-cap history is not stored, so market-cap methods are not estimated from a current spot price.

Business-activity disclosure

Hyatt operates and franchises hotels, resorts and related hospitality businesses. Hospitality is generally permissible, but alcohol service, casino exposure, captive insurance and other hotel-level activities are not quantified under a universal prohibited-revenue taxonomy.

Limitation: The filing does not provide a reproducible prohibited-revenue numerator for alcohol, gaming, entertainment, hotel-level financing or other scholar-specific activity categories.

Purification

The filing separately reports interest income at 1.83% of quarterly revenue, but ZakatInvest does not prescribe a fixed scholar-approved purification percentage and hotel-level activity remains incomplete.

Inputs, assumptions and primary sources
  • Debt combines $605 million of current maturities with $3,675 million of long-term debt.
  • Interest-bearing securities use $78 million of short-term investments, $686 million of available-for-sale debt securities and $469 million of held-to-maturity debt securities; equity and rabbi-trust holdings are excluded.
  • Receivables are $1,117 million and quarterly total revenue is $1,748 million.
  • The filing separately reports $32 million of interest income, or 1.83% of quarterly revenue; this is a disclosed income line, not a scholar-approved purification prescription.

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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