MGM
MGM Resorts International
Is MGM Halal?
HARAM: casino and gaming operations are the core business; the current activity screen also documents casino revenue above the 5% benchmark.
What You Should Know
MGM operates casinos, resorts, sports betting and online gaming. Gambling (maysir) is explicitly prohibited in Islam. Its March 31, 2026 filing reports $2,378.855 million of casino revenue on $4,454.718 million of total revenue (53.40%), while debt/assets is 15.47% and receivables plus cash/assets is 8.26% under the current total-assets calculation. The asset ratios can pass some methodologies, but the core gambling activity makes the retained verdict HARAM.
⚠️ Concerns
- •Casinos, sports betting and online gaming are core businesses
- •Casino revenue was 53.40% of quarterly revenue
- •Also sells alcohol and mixed entertainment
- •Positive interest income is not separately disclosed
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
6,403.265 / 41,402.158
2,292.83 / 41,402.158
3,419.973 / 41,402.158
0 / 4,454.718
- Financial
- Pass
- Overall
- Fails
Debt/assets is 15.47%, liquidity/assets is 5.54%, and receivables-plus-cash/assets is 8.26%; the conservative lower-bound income input is zero, but the casino activity screen fails.
- Financial
- Pass
- Overall
- Fails
Debt/assets is 15.47%, liquidity/assets is 5.54%, and receivables-plus-cash/assets is 8.26%; the business-activity screen fails because gambling is a core operation.
- Financial
- Pass
- Overall
- Fails
The examined asset-based ratios are below the Malaysia thresholds, but the documented casino-revenue lower bound is 53.40% of total revenue; this is a calculation against SAC ratios, not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A licensed historical market-cap series is not stored; the business-activity screen fails on the documented casino-revenue lower bound.
Business-activity disclosure
MGM Resorts is a global gaming and entertainment company whose consolidated filing reports casinos, sports betting and online gaming as core operations. Gambling (maysir) is prohibited under Islamic law; hotels, food, rooms and entertainment do not remove the casino core.
Limitation: Casino revenue is used as a documented lower-bound prohibited-activity numerator; the filing does not classify every mixed entertainment stream under one Sharia standard.
Purification
The filing does not separately disclose a positive interest-income numerator; ZakatInvest does not prescribe a fixed scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from MGM Resorts' March 31, 2026 Form 10-Q.
- Debt is the reported long-term debt balance; the filing does not present a separate current debt principal balance.
- The filing reports $2,378.855 million of casino revenue against $4,454.718 million of total revenue; this documented casino-revenue lower bound is used for the activity screen.
- The filing does not separately disclose a positive interest-income numerator; ZakatInvest does not infer one from interest expense or other income.
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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