Is Caesars Entertainment (CZR) stock halal?
Screened against AAOIFI Shari’ah Standard 21
No. Caesars Entertainment (CZR) does not pass the AAOIFI Shari’ah Standard 21 screen. Its main business is gambling (Yahoo industry “Resorts & Casinos”), which AAOIFI Shari’ah Standard 21 excludes (3/4/1). Last checked 17 September 2026.
Caesars Entertainment is not compliant under Halal / Islamic guidelines
AAOIFI Shari’ah Standard 21 Financial Audit
Figures from the latest annual report (the SEC filing or, for European companies, the ESEF annual report, where one exists, checked against Yahoo Finance) and a 36-month average market value.
| Test | Standard Limit | Actual Figure | Status |
|---|---|---|---|
| Main business | — | — | Fail |
| Interest-bearing debt | 30% | 180.88% | Fail |
| Cash and interest-bearing investments | 30% | 13.31% | Pass |
| Prohibited income | 5% | 57.78% | Fail |
| Not just cash and debts | 90% | 4.73% | Pass |
Key Findings & Observations
- Its main business is gambling (Yahoo industry “Resorts & Casinos”), which AAOIFI Shari’ah Standard 21 excludes (3/4/1).Source: Business check
- Companies in its industry (SEC industry code 7011 (Hotels & Motels)) usually sell alcohol. It doesn’t report how much of its revenue that is.Source: Business check
- Interest-bearing debt is 180.9% of the company’s 36-month average market value. AAOIFI’s limit is under 30% (Shari'ah Standard 21, 3/4/2).Source: AAOIFI Shari'ah Standard 21
- Prohibited income, interest included, is 57.8% of total revenue. AAOIFI’s limit is 5% (Shari'ah Standard 21, 3/4/4).Source: AAOIFI Shari'ah Standard 21
- Business model centered on gambling, which is prohibited (haram) in Islamic finance.Source: News Analyzer
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Frequently Asked Questions about Caesars Entertainment, Inc. (CZR)
Is Caesars Entertainment (CZR) stock halal?▾
No. Caesars Entertainment (CZR) does not pass the AAOIFI Shari’ah Standard 21 screen. Its main business is gambling (Yahoo industry “Resorts & Casinos”), which AAOIFI Shari’ah Standard 21 excludes (3/4/1). Last checked 17 September 2026.
What is Caesars Entertainment's debt ratio under Islamic finance standards?▾
Under AAOIFI Shari’ah Standard 21, interest-bearing debt must stay under 30% of a company's 36-month average market value. Caesars Entertainment's ratio is about 180.9%.
How much dividend purification is required for Caesars Entertainment (CZR) stock?▾
Caesars Entertainment does not pass the screen, so purification does not apply: the standard does not permit holding it.
Does Caesars Entertainment operate in prohibited business activities?▾
AAOIFI Shari’ah Standard 21 excludes companies whose main business is prohibited, such as alcohol, pork, gambling, conventional interest-based finance and adult entertainment. Caesars Entertainment's main business is checked against these. For companies that file with the US SEC, revenue by division is also read from the filing, so a division in a prohibited business is counted. Where the check cannot be settled, the result is shown as Needs Review rather than guessed.
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