SEAWORLD

United Parks & Resorts Inc. (formerly SeaWorld Entertainment)

DOUBTFUL — SCREEN DOES NOT PASSstock

Is SEAWORLD Halal?

Theme-park and animal-attraction alias with a current debt-screen failure; the issuer now trades as PRKS.

What You Should Know

SEAWORLD is a preserved alias for United Parks & Resorts Inc., which trades as PRKS. Its March 31, 2026 Form 10-Q reports USD 2,607.502 million of assets, USD 2,260.337 million of debt, USD 28.942 million of cash, USD 91.177 million of receivables and USD 278.294 million of quarterly revenue. Debt/assets is 86.70%, while liquidity/assets is 1.11% and receivables plus cash/assets is 4.61%. Theme-park entertainment, food, animal welfare and licensing remain qualitative questions.

⚠️ Concerns

  • Debt/assets is 86.70%, above the examined limits
  • Theme-park entertainment and content permissibility
  • Animal welfare and captive-animal attractions
  • SEAWORLD is a preserved alias for current PRKS; the URL is unchanged

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
86.69%Above limit
Below 33.333% under FTSE Yasaar

2,260.337 / 2,607.502

Cash + interest-bearing securities / assets
1.11%Within limit
Below 33.333% under FTSE Yasaar

28.942 / 2,607.502

Receivables + cash / assets
4.61%Within limit
Below 50% under FTSE Yasaar

120.119 / 2,607.502

FTSE Yasaar
v4.6, February 2026
Financial
Fails
Overall
Fails

Debt/assets is 86.70%, above the examined 33.333% limit; liquidity/assets is 1.11% and receivables-plus-cash/assets is 4.61%.

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

Debt/assets is 86.70%, above the examined MSCI total-assets limit; recreation and animal-attraction activity remains qualitatively incomplete.

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

Debt/assets is 86.70%, 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

United Parks & Resorts operates theme parks, water parks and animal-attraction experiences. Hospitality and recreation are debated under Islamic ethical approaches; food-and-beverage, entertainment content, animal welfare and licensing require school-specific review.

Limitation: The quarterly filing reports admissions and food, merchandise and other revenue but does not separately quantify alcohol, prohibited content or an ethical animal-welfare numerator.

Purification

The filing does not disclose a scholar-approved prohibited-income percentage; interest expense is not treated as prohibited revenue.

Inputs, assumptions and primary sources
  • Amounts are USD millions converted from United Parks & Resorts' March 31, 2026 Form 10-Q, which reports in thousands.
  • Tracked debt is current maturities of USD 15.423 million plus long-term debt of USD 2,244.914 million; operating lease liabilities are excluded.
  • Cash is USD 28.942 million, accounts receivable is USD 91.177 million and quarterly revenue is USD 278.294 million.
  • The filing does not allocate food, merchandise, alcohol, entertainment or animal-attraction revenue into a universal prohibited-revenue numerator.

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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