Is CWH (Camping World Holdings, Inc.) Halal or Haram?

Based on our AAOIFI-standard shariah screening, CWH is Not Halal (Haram) and is not considered permissible for Muslim investors. It failed 2 of 4 compliance screens. Its debt-to-market-cap ratio of 594.76% exceeds the ≤33% threshold. Its cash & securities ratio of 47.99% exceeds the ≤33% threshold.

Camping World Holdings, Inc. is a leading retailer in the recreational vehicle (RV) industry, operating through its Good Sam Services and RV and Outdoor Retail segments. The company sells new and used RVs, outdoor gear, and offers a variety of consumer services including roadside assistance, extended vehicle service contracts, and property insurance programs. For Muslim investors screening stocks on HalalStocks.co.uk, CWH is currently classified as Not Halal (Haram) based on AAOIFI standards. Although selling RVs and outdoor equipment is a permissible business activity, the company fails multiple financial screens, meaning it cannot be included in a halal portfolio. The primary concern from an Islamic finance perspective is the company's severe debt load, with a debt-to-market cap ratio of 594.8%, which heavily violates the 33% threshold. Additionally, its cash and securities to market cap ratio stands at 48.0%, further disqualifying the stock despite having an acceptable interest income ratio of 0.00%. Because the failure is purely financial rather than operational, Muslim investors should avoid the stock for now but could monitor its balance sheet. If Camping World significantly restructures its debt and reduces its cash holdings relative to market capitalization, it could potentially become compliant in the future. Camping World Holdings, Inc. operates in the Consumer Cyclical sector under the Auto - Dealerships industry and is headquartered in Lincolnshire, IL, US. The company is led by CEO Matthew D. Wagner and employs approximately 12,701 people.

CWH was screened using AAOIFI-based shariah compliance criteria. Four tests are applied: (1) Business Activity — the company's core business must not derive primary income from haram (prohibited) activities such as alcohol, gambling, tobacco, or interest-based finance. (2) Debt-to-Market-Cap — total debt must not exceed 33% of market capitalization. (3) Interest Income — interest income must not exceed 5% of total revenue. (4) Cash & Securities — cash and interest-bearing securities must not exceed 33% of market cap. CWH passed 2 of these 4 screens.

CWH was last screened on 2026-04-27. Shariah compliance status can change as companies report new financial data, acquire new businesses, or shift revenue streams. We recommend checking back periodically for the most up-to-date screening results.