MAR
Marriott International, Inc.
Is MAR Halal?
Global hotel franchisor and operator — permissible hospitality business at the activity level but in-room and on-property alcohol service, casino-resort partnerships, and conference revenue raise Sharia concerns.
What You Should Know
Marriott is an asset-light hotel franchisor and manager across luxury, premium, select and longer-stay 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 $27,857 million, conservative debt and leases of $17,406 million, cash of $454 million, receivables of $3,090 million and quarterly revenue of $6,654 million. Debt/assets is 62.48%, liquidity/assets is 1.63% and receivables plus cash/assets is 12.72%, 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 Marriott-branded hotels in non-Muslim-majority markets serve alcohol in restaurants, bars, in-room minibars, and at events
- •Several Marriott-managed properties operate within or adjacent to casino-resort developments; Marriott 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 62.48%, 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.
17,406 / 27,857
454 / 27,857
3,544 / 27,857
- Financial
- Fails
- Overall
- Fails
Debt/assets is 62.48%, above the examined 33.333% limit; liquidity/assets is 1.63% and receivables-plus-cash/assets is 12.72%.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 62.48%, above the examined MSCI 33.33% limit; liquidity/assets is 1.63% and receivables-plus-cash/assets is 12.72%.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 62.48%, 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
Marriott provides lodging, management and franchise services. Hospitality is generally permissible, while property-level alcohol, minibar, event and gaming-adjacent 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 Marriott's March 31, 2026 Form 10-Q.
- Conservative debt includes $16,530 million of debt and capital lease obligations plus $876 million of noncurrent operating-lease liabilities.
- Receivables use $3,090 million of current accounts, notes and loans receivable; no unsupported prohibited-revenue numerator is assumed.
- Quarterly revenue is $6,654 million; the filing does not separately disclose an interest-income numerator usable for this screen.
- Lodging is generally permissible, but alcohol service, minibars, gaming-adjacent amenities and conference use remain qualitative concerns.
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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