Can Muslims invest in MGM?

No, MGM does not meet shariah compliance requirements. It fails 2 of 4 screening criteria and is considered non-compliant for Muslim investors.

What shariah screening criteria were used for MGM?

MGM was screened using AAOIFI-based criteria: (1) Business activity — must not derive primary income from haram activities, (2) Debt-to-market-cap ratio must be ≤33%, (3) Interest income must be ≤5% of revenue, (4) Cash & interest-bearing securities must be ≤33% of market cap. MGM passed 2 of these 4 screens.

Back to home

Is MGM (MGM Resorts International) Halal or Haram?

Q: Is MGM (MGM Resorts International) stock halal?

Based on our AAOIFI-standard screening, MGM is classified as Haram (Not Halal). MGM Resorts International is strictly non-compliant for Muslim investors due to its primary business in gambling and casino operations, which is fundamentally haram. Furthermore, the company fails the AAOIFI financial screens with a dangerously high debt-to-market cap ratio of 552.3%, far exceeding the 33% maximum threshold. Although its interest income and cash reserves are within permissible limits, the core business activity and excessive leverage make this stock entirely unsuitable for halal portfolios.

New York Stock ExchangeConsumer CyclicalGambling, Resorts & Casinos$10.17B2026-04-29

MGM is Haram (Not Halal)2/4 screens passed

MGM Resorts International is strictly non-compliant for Muslim investors due to its primary business in gambling and casino operations, which is fundamentally haram. Furthermore, the company fails the AAOIFI financial screens with a dangerously high debt-to-market cap ratio of 552.3%, far exceeding the 33% maximum threshold. Although its interest income and cash reserves are within permissible limits, the core business activity and excessive leverage make this stock entirely unsuitable for halal portfolios.

Price Chart (5D)

$47.13-2.60 (-5.23%)

2026-06-092026-06-02

MGM — Last 7 Days

Date	Open	High	Low	Close	Volume	Change
2026-06-09	47.39	48.04	46.16	47.15	3.1M	-0.51%
2026-06-08	47.48	47.72	47.07	47.26	3.0M	-0.46%
2026-06-05	48.12	48.21	47.20	47.51	3.3M	-1.27%
2026-06-04	48.72	48.72	47.67	47.94	3.7M	-1.60%
2026-06-03	48.08	48.75	47.71	48.30	5.9M	+0.46%
2026-06-02	50.50	50.50	48.22	48.36	9.8M	-4.24%
2026-06-01	48.46	51.59	48.30	50.69	27.7M	+4.60%

Discussion

Loading comments...

Shariah Screening Details for MGM

Business Activity

Non-Compliant

MGM Resorts International fails the business activity screen because its core operations in casinos, sports betting (BetMGM), and gambling directly violate Islamic prohibitions against maysir (gambling).

Debt / Market Cap

552.31%

Debt: $56.16BThreshold: ≤33%

Interest Income

0.00%

Interest: $0Threshold: ≤5%

Cash & Securities

20.29%

Cash: $2.06BThreshold: ≤33%

About MGM Resorts International (MGM)

For Muslim investors using HalalStocks.co.uk, MGM is classified as Not Halal (Haram) and must be avoided. The stock fails the core business activity screen due to its direct involvement in gambling, which is strictly prohibited in Islam, rendering any further financial compliance moot.

From a financial perspective, MGM also fails the AAOIFI debt screening by a massive margin. The company carries a staggering debt-to-market capitalization ratio of 552.3%, well above the 33% Islamic finance threshold, indicating heavy reliance on interest-bearing debt to fund its capital-intensive resort operations.

Because the company generates its primary revenue from maysir (gambling) and relies heavily on riba (interest-based debt), there is no scholarly debate regarding its non-compliance. Halal investors should entirely exclude MGM from their portfolios and look toward permissible hospitality or real estate companies that do not feature casino operations.

CEO

William Joseph Hornbuckle

Employees

78,000

IPO Date

1988-05-02

Headquarters

Las Vegas, NV, US

Website

www.mgmresorts.com

MGM Key Financial Statistics

Revenue

$17.54B

Net Income

$206.3M

EPS (Diluted)

$0.76

Stock Price

39.74

Beta

1.35

52-Week Range

29.19-40.94

Total Debt

$56.16B

Total Equity

$2.43B

Current Ratio

1.23

MGM Financial Health & Profitability

Profit Margins

Gross Margin44.4%

Operating Margin5.7%

Net Margin1.2%

Revenue Growth (YoY)

+1.7%

Prior year: $17.24B

Net Debt

$54.09B

Cash: $2.06B — Debt: $56.16B

Frequently Asked Questions About MGM

Is MGM (MGM Resorts International) stock halal to invest in?▾

Based on our AAOIFI-standard shariah screening, MGM is Not Halal (Haram) and is not considered permissible for Muslim investors. It failed 2 of 4 compliance screens. MGM Resorts International's core business activity was found to be non-compliant. Its debt-to-market-cap ratio of 552.31% exceeds the ≤33% threshold.

What does MGM Resorts International do?▾

MGM Resorts International is a global hospitality and entertainment company that owns and operates a vast portfolio of casino resorts across the United States and Macau. Its core offerings include Las Vegas Strip properties, regional casinos, and the BetMGM online sports betting and iGaming platform. For Muslim investors using HalalStocks.co.uk, MGM is classified as Not Halal (Haram) and must be avoided. The stock fails the core business activity screen due to its direct involvement in gambling, which is strictly prohibited in Islam, rendering any further financial compliance moot. From a financial perspective, MGM also fails the AAOIFI debt screening by a massive margin. The company carries a staggering debt-to-market capitalization ratio of 552.3%, well above the 33% Islamic finance threshold, indicating heavy reliance on interest-bearing debt to fund its capital-intensive resort operations. Because the company generates its primary revenue from maysir (gambling) and relies heavily on riba (interest-based debt), there is no scholarly debate regarding its non-compliance. Halal investors should entirely exclude MGM from their portfolios and look toward permissible hospitality or real estate companies that do not feature casino operations. MGM Resorts International operates in the Consumer Cyclical sector under the Gambling, Resorts & Casinos industry and is headquartered in Las Vegas, NV, US. The company is led by CEO William Joseph Hornbuckle and employs approximately 78,000 people.

What screening criteria were used for MGM?▾

MGM 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. MGM passed 2 of these 4 screens.

When was MGM last screened?▾

MGM was last screened on 2026-04-29. 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.

Disclaimer

This shariah compliance assessment for MGM (MGM Resorts International) is provided for informational purposes only and does not constitute financial, investment, or religious advice. Screening criteria are based on widely accepted AAOIFI standards, but individual scholars may differ in their opinions. Always consult with a qualified Islamic scholar and licensed financial advisor before making investment decisions. Past screening status does not guarantee future compliance. Last screened: 2026-04-29.

Other Screened Stocks in Consumer Cyclical

ABNBConsumer Cyclical

Doubtful

Airbnb, Inc.

AEOConsumer Cyclical

Doubtful

American Eagle Outfitters, Inc.

AMCRConsumer Cyclical

Doubtful

Amcor plc

AMZNConsumer Cyclical

Halal

Amazon.com, Inc.