HLT
Hilton Worldwide Holdings Inc.
Is HLT Halal?
Global hotel franchisor and operator — permissible hospitality business at the activity level but in-room and on-property alcohol service plus convention and event revenue raise Sharia concerns.
What You Should Know
Hilton is an asset-light hotel franchisor and manager across luxury, lifestyle, full-service, focused-service and all-suites brands. Lodging is generally permissible at the activity level, but alcohol, minibars, events and casino-adjacent properties create material qualitative concerns. The March 31, 2026 Form 10-Q gives total assets of $16,385 million, conservative debt and leases of $13,150 million, cash of $564 million, receivables of $1,684 million and quarterly revenue of $2,937 million. Debt/assets is 80.26%, liquidity/assets is 3.44% and receivables plus cash/assets is 13.72%, so the examined FTSE, MSCI and Malaysia asset-based financial screens fail; the filing does not provide a usable interest-income or prohibited-revenue numerator.
⚠️ Concerns
- •Most Hilton-branded hotels in non-Muslim-majority markets serve alcohol in restaurants, bars, in-room minibars, and at events
- •Several Hilton-managed properties operate within or adjacent to casino-resort developments; Hilton does not own or operate casinos directly
- •The franchise-and-management-fee model mitigates but does not eliminate property-level activity concerns
- •The current filing-based debt/assets screen is 80.26%, above the examined 33.33% limit
- •The filing does not separately disclose a usable interest-income or prohibited-revenue numerator
- •Investors with stricter views on hotel and hospitality categories may prefer to avoid the sector entirely
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
13,150 / 16,385
564 / 16,385
2,248 / 16,385
- Financial
- Fails
- Overall
- Fails
Debt/assets is 80.26%, above the examined 33.333% limit; liquidity/assets is 3.44% and receivables-plus-cash/assets is 13.72%.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 80.26%, above the examined MSCI 33.33% limit; liquidity/assets is 3.44% and receivables-plus-cash/assets is 13.72%.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 80.26%, above the examined Malaysia debt limit; lodging activity and prohibited-revenue allocation remain qualitative.
- Financial
- Not calculated
- Overall
- Incomplete
A properly licensed and reproducible historical market-cap series is not stored; filing-based asset ratios remain documented.
Business-activity disclosure
Hilton provides lodging, management and franchise services. Hospitality is generally permissible, while property-level alcohol, minibar and event activity requires qualitative review.
Limitation: The filing does not provide a universal prohibited-revenue numerator across franchised and managed properties.
Purification
The filing does not separately disclose an interest-income numerator suitable for a purification calculation; no fixed percentage is asserted.
Inputs, assumptions and primary sources
- Amounts are USD millions from Hilton's March 31, 2026 Form 10-Q.
- Conservative debt includes $12,451 million of debt plus $699 million of noncurrent operating-lease liabilities.
- Receivables use the reported $1,684 million balance; no unsupported prohibited-revenue numerator is assumed.
- Quarterly revenue is $2,937 million; the filing does not separately disclose an interest-income numerator usable for this screen.
- Lodging is generally permissible, while alcohol, minibars, events and property-level use require qualitative review.
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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