Is VICI (VICI Properties Inc.) Halal or Haram?

Based on our AAOIFI-standard shariah screening, VICI is classified as Doubtful. It passed 3 of 4 compliance screens. Some scholars may permit investing with income purification, while others advise avoiding it. We recommend consulting a qualified Islamic scholar before investing in VICI.

VICI Properties Inc. is an experiential real estate investment trust (REIT) that owns one of the largest portfolios of gaming, hospitality, and entertainment destinations in the United States. Its geographically diverse portfolio includes 29 gaming facilities, featuring the world-renowned Caesars Palace, with properties leased to major industry operators like Caesars Entertainment and Hard Rock. For Muslim investors utilizing HalalStocks.co.uk, VICI Properties currently holds a Doubtful shariah compliance status. While the company successfully passes the debt and cash screening thresholds, it fails the critical interest income screen, meaning investors cannot currently consider this stock fully halal under AAOIFI standards. From a financial perspective, VICI demonstrates exceptional leverage metrics with a 0.0% debt-to-market cap ratio and a low cash-to-market cap ratio of 2.0%. However, the primary financial hurdle is its interest income, which stands at 5.81% of total revenue, breaching the strict 5% maximum allowable limit for shariah compliance. Beyond the financial ratios, Muslim investors must be highly cautious regarding VICI's underlying business model. Although classified as a diversified REIT, the company generates substantial rental income from casinos and gaming operators, activities which are strictly prohibited in Islam and widely deemed non-compliant by shariah scholars. VICI Properties Inc. operates in the Real Estate sector under the REIT - Diversified industry and is headquartered in New York City, NY, US. The company is led by CEO Edward Baltazar Pitoniak and employs approximately 27 people.

VICI 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. VICI passed 3 of these 4 screens.

VICI 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.