Is MGM halal?
MGM Resorts International
Not halal
MGM Resorts International did not pass AAOIFI screening. The failed check is shown below.
Exchange
NYSE
Price
29.48
Day
+1.80%
Market cap
—
Industry
—
Sector
—
Manually identified reason
Automatic screening reads the industry label, not what's inside. This company's filings were checked by hand and a hidden prohibited activity was found:
Casino operator (MGM Resorts)
What the company does
MGM Resorts is the largest casino-resort operator in Las Vegas (Bellagio, MGM Grand, Aria, Mandalay Bay), plus Macau (MGM China) and the BetMGM online sportsbook (with Entain). Its money comes from casinos, hotels and entertainment.
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
Casino operator (MGM Resorts)
Interest-bearing debt / market cap
limit 30%
—
No data
Cash & investments / market cap
limit 30%
—
No data
Non-compliant income / total revenue
limit 5%
—
No data
In the lists
- In the S&P 500
- 0.01% weight · #500 of 503
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 3 superinvestors · Average reported price: $47.81
- Christopher DavisDavis Advisors$1.1B4.9%
- Mason HawkinsSoutheastern Asset Management$55.9M2.9%
- Dodge & Cox Funds$287K0.0%
Related articles
- Halal investingBlogHaram revenue you can't see from the industry label: pork, weapons, casinosPork hides under "Packaged Foods", weapons under "Aerospace & Defense". What automated screening misses and how we catch it by hand.
- Halal investingBlogWhy a company's cash affects whether its stock is halalLots of cash sounds like a good sign — but halal screening checks it separately. What counts, what doesn't, and where we are stricter than AAOIFI.
- Halal investingBlogAAOIFI Shariah Standard No. 21 in plain languageThe most widely used standard for halal stock screening: the two-step test, the three ratios and how it differs from other methods.
Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
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.