TRIP

Tripadvisor Inc.

HALAL — SCREEN DOES NOT PASSstock

Is TRIP Halal?

Travel reviews and booking with failed debt and liquidity screens.

What You Should Know

Tripadvisor's March 31, 2026 filing shows debt/assets 42.96%, liquidity/assets 41.11%, receivables plus cash/assets 49.36%, and disclosed interest income of 2.07% of quarterly revenue. Travel information and booking are generally permissible, while partner listings and end uses remain qualitative concerns.

⚠️ Concerns

  • Debt and liquidity screens fail at 42.96% and 41.11%
  • Travel advertising can include alcohol and gaming venues
  • Activity revenue is not quantified

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.

USD · millions
Interest-bearing debt / assets
42.96%Above limit
Below 33.333% under FTSE Yasaar

1,171 / 2,725.5

Cash + interest-bearing securities / assets
41.11%Above limit
Below 33.333% under FTSE Yasaar

1,120.4 / 2,725.5

Receivables + cash / assets
49.36%Within limit
Below 50% under FTSE Yasaar

1,345.4 / 2,725.5

Non-compliant income / revenue
2.07%Within limit
No more than 5% under FTSE Yasaar

7.9 / 382.4

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

Debt is 42.96% of total assets and liquidity is 41.11%, above the examined FTSE limits; receivables plus cash are 49.36% and disclosed interest income is 2.07%.

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

Debt is 42.96% and liquidity is 41.11% of total assets; receivables-plus-cash are 49.36%, above the examined MSCI limits. This is not an index-membership claim.

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

Debt is 42.96% and identifiable liquidity is 41.11%, both above the examined 33% limits. This is a calculation against SAC ratios, not an official classification.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
Financial
Not calculated
Overall
Not calculated

A properly licensed and reproducible 24- or 36-month issuer market-cap history is not stored, so market-cap methods are not estimated from a current spot price.

Business-activity disclosure

Tripadvisor provides travel reviews, booking and advertising services. Information and booking are generally permissible, but advertising and partner listings may include alcohol, gambling and other non-permissible venues that are not quantified.

Limitation: The filing does not provide a reproducible prohibited-revenue numerator for alcohol, gaming, travel-partner or other scholar-specific activity categories.

Purification

The filing separately reports interest income at 2.07% of quarterly revenue, but ZakatInvest does not prescribe a fixed scholar-approved purification percentage and travel-partner activity remains incomplete.

Inputs, assumptions and primary sources
  • Debt combines $353.5 million of short-term debt with $817.5 million of long-term debt.
  • Cash uses $1,120.4 million of cash and cash equivalents; the filing reports no outstanding short- or long-term marketable securities.
  • Accounts receivable are $225 million and quarterly total revenue is $382.4 million.
  • The filing reports $7.9 million of interest income, or 2.07% of quarterly revenue; this is a disclosed income line, not a scholar-approved purification prescription.

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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