Is PK (Park Hotels & Resorts Inc.) halal?

Q: Is PK (Park Hotels & Resorts Inc.) halal?

DOUBTFUL: Hotel owner and operator with a current debt-screen failure; hospitality, food-and-beverage and financing exposures remain qualitative questions. PK is Park Hotels & Resorts Inc., not Petro Key Energy. Its March 31, 2026 Form 10-Q reports USD 7,658 million of assets, USD 3,838 million of debt, USD 156 million of cash, USD 142 million of receivables and USD 622 million of quarterly revenue. Debt/assets is 50.12%, while liquidity/assets is 2.04% and receivables plus cash/assets is 3.89%. Hotel food-and-beverage, alcohol service, management agreements and conventional mortgage and bond financing require continuing review.

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PK

Park Hotels & Resorts Inc.

DOUBTFUL — SCREEN DOES NOT PASSstock

Is PK Halal?

Hotel owner and operator with a current debt-screen failure; hospitality, food-and-beverage and financing exposures remain qualitative questions.

What You Should Know

PK is Park Hotels & Resorts Inc., not Petro Key Energy. Its March 31, 2026 Form 10-Q reports USD 7,658 million of assets, USD 3,838 million of debt, USD 156 million of cash, USD 142 million of receivables and USD 622 million of quarterly revenue. Debt/assets is 50.12%, while liquidity/assets is 2.04% and receivables plus cash/assets is 3.89%. Hotel food-and-beverage, alcohol service, management agreements and conventional mortgage and bond financing require continuing review.

⚠️ Concerns

•Debt/assets is 50.12%, above the examined limits
•Hotel food-and-beverage and alcohol service are not separately quantified
•Premium resort and entertainment operations
•Conventional mortgage, term-loan and senior-note financing

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.

USD · millions

Interest-bearing debt / assets

50.12%Above limit

Below 33.333% under FTSE Yasaar

3,838 / 7,658

Cash + interest-bearing securities / assets

2.04%Within limit

Below 33.333% under FTSE Yasaar

156 / 7,658

Receivables + cash / assets

3.89%Within limit

Below 50% under FTSE Yasaar

298 / 7,658

Non-compliant income / revenue

0.16%Within limit

No more than 5% under FTSE Yasaar

1 / 622

Methodology	Financial	Overall	What drives it
FTSE Yasaar v4.6, February 2026	Fails	Fails	Debt/assets is 50.12%, above the examined 33.333% limit; liquidity/assets is 2.04% and receivables-plus-cash/assets is 3.89%.
MSCI Islamic (total-assets series) October 2024 methodology	Fails	Fails	Debt/assets is 50.12%, above the examined MSCI total-assets limit; hotel activity remains qualitatively incomplete.
Malaysia SAC financial ratios single 5% activity benchmark adopted November 2025	Fails	Fails	Debt/assets is 50.12%, above the examined Malaysia ratio; this is a ZakatInvest calculation, not an official SAC classification.
Market-cap denominator methods MSCI M-Series, S&P and Dow Jones methods differ	Not calculated	Fails	A licensed historical market-cap series is not stored; the filing-based debt failure is documented.

FTSE Yasaar

v4.6, February 2026

Financial: Fails
Overall: Fails

Debt/assets is 50.12%, above the examined 33.333% limit; liquidity/assets is 2.04% and receivables-plus-cash/assets is 3.89%.

MSCI Islamic (total-assets series)

October 2024 methodology

Financial: Fails
Overall: Fails

Debt/assets is 50.12%, above the examined MSCI total-assets limit; hotel activity remains qualitatively incomplete.

Malaysia SAC financial ratios

single 5% activity benchmark adopted November 2025

Financial: Fails
Overall: Fails

Debt/assets is 50.12%, above the examined Malaysia ratio; this is a ZakatInvest calculation, not an official SAC classification.

Market-cap denominator methods

MSCI M-Series, S&P and Dow Jones methods differ

Financial: Not calculated
Overall: Fails

A licensed historical market-cap series is not stored; the filing-based debt failure is documented.

Business-activity disclosure

Park Hotels & Resorts owns and operates premium-branded hotels and resorts. Hospitality and real-estate ownership are generally permissible, but hotel food-and-beverage, alcohol service, entertainment, management agreements and financing require school-specific review.

Limitation: The quarterly filing reports rooms, food-and-beverage and ancillary revenue but does not separately identify alcohol or other prohibited revenue.

Purification

Park reports USD 1 million of interest income, but no scholar-approved purification percentage or prohibited-revenue allocation is disclosed.

Inputs, assumptions and primary sources

Amounts are USD millions from Park Hotels & Resorts' March 31, 2026 Form 10-Q.
Debt is total consolidated debt of USD 3,838 million; restricted cash is excluded from the cash input.
The filing reports USD 156 million of cash, USD 142 million of accounts receivable, USD 622 million of quarterly revenue and USD 1 million of interest income.
The filing does not allocate food-and-beverage, alcohol, gaming or other hotel activity into a universal prohibited-revenue numerator.

U.S. Securities and Exchange Commission: Park Hotels & Resorts Form 10-Q for quarter ended March 31, 2026 FTSE Russell: FTSE Yasaar Global Equity Shariah Index Series Ground Rules MSCI: MSCI Islamic Index Series Methodology Securities Commission Malaysia: Shariah-Compliant Securities Screening Methodology

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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