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AAOIFI No. 21 screening

Is IHG halal?

Intercontinental Hotels Group

Halal

Intercontinental Hotels Group passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.

Checked: 14 October 2026

Exchange

NYSE

Price

167.77

Day

+0.98%

Market cap

$23.37B

Industry

Lodging

Sector

Consumer Cyclical

What the company does

InterContinental Hotels Group (UK) owns the InterContinental, Holiday Inn, Crowne Plaza and Kimpton brands (6,000+ hotels). The buildings belong to other owners; IHG earns franchise and management fees.

What was checked

The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.

  • Business activity

    No prohibited activity

  • Interest-bearing debt / market cap

    limit 30%

    Interest-bearing debt $4.54B ÷ 36-month average market cap $19.21B = 23.6%

    23.6%

    Pass

  • Cash & investments / market cap

    limit 30%

    Cash + interest-bearing securities $1.07B ÷ 36-month average market cap $19.21B = 5.5%

    5.5%

    Pass

  • Non-compliant income / total revenue

    limit 5%

    Interest income $49.00M ÷ annual revenue $5.19B (2025) = 0.9%

    0.9%

    Pass

Figures from the company's filings (2026-06-30), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict. Today's market cap: $23.37B.

In the lists

In the S&P 500
Not in the S&P 500
Among halal stocks
0.03% · #264 of 1454

Manually reviewed — clean

The industry was flagged as sensitive, so the company's filings were checked by hand on 15 August 2026. Conclusion:

InterContinental Hotels Group — mehmonxona tarmog'i, bar/minibar <5% (HLT/MAR bilan bir mantiq)

Halal stocks in the same industry

The largest halal stocks in Lodging — for comparison.

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This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.