Is MGM Resorts International (MGM) stock halal?
Screened against AAOIFI Shari’ah Standard 21
No. MGM Resorts International (MGM) 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 18 September 2026.
MGM Resorts International 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% | 67.50% | Fail |
| Cash and interest-bearing investments | 30% | 21.47% | Pass |
| Prohibited income | 5% | — | Review |
| Not just cash and debts | 90% | 9.00% | 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 67.5% 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
- The prohibited income test couldn’t be settled: The share of revenue from alcohol isn’t reported.Source: AAOIFI Shari'ah Standard 21
- Casino and sportsbook activities are prohibited under Islamic law as gambling (maysir) and excessive uncertainty (gharar).Source: News Analyzer
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Frequently Asked Questions about MGM Resorts International (MGM)
Is MGM Resorts International (MGM) stock halal?▾
No. MGM Resorts International (MGM) 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 18 September 2026.
What is MGM Resorts International'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. MGM Resorts International's ratio is about 67.5%.
How much dividend purification is required for MGM Resorts International (MGM) stock?▾
MGM Resorts International does not pass the screen, so purification does not apply: the standard does not permit holding it.
Does MGM Resorts International 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. MGM Resorts International'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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