NASDAQ Shariah screener · October 2026
Is Airbnb, Inc. (ABNB) Halal?
Airbnb, Inc. · NASDAQ: ABNB · Consumer Discretionary
The short answer
No — Airbnb (ABNB) does not pass this Shariah stock screen. Its business — the world's largest short-term rental marketplace, taking service fees on stays and Experiences with no owned real estate — has no prohibited lines, and its debt of $1,999M is only about 2.11% of its ~$94.6B market cap ($160.47 close, Oct 1, 2026). But FY2025 interest income of $705M is about 5.76% of revenue ($12.24B) — above the 5% non-compliant income ceiling. Zoya and Musaffa both cover ABNB and classify it as not Shariah-compliant (September 2026 assessments); no ShariaPortfolio rating was found — honestly reported as absent, not invented.
Gate 1 — Business activity: PASS
Airbnb, Inc. (NASDAQ: ABNB) operates a global online marketplace that connects hosts offering stays with guests booking them, taking service fees on bookings rather than owning real estate. Alongside core Stays it sells Experiences (host-led activities) and is expanding into additional services, hotels, and travel categories. FY2025 revenue was $12.24B (+10% year over year); Q2 2026 revenue was $3.61B (+16.5%) with 148.3M nights and experiences booked. None of the disclosed lines — travel/lodging marketplace fees, experiences, travel services — are prohibited lines (no alcohol, gambling, pork, conventional banking/insurance, tobacco, cannabis, or weapons). Gate 1 passes. Facts only.
Gate 2 — Debt and cash: PASS
At December 31, 2025 the company carried $1,999M of interest-bearing debt — the current portion of long-term debt, with the long-term portion at zero as the 2026-maturing notes moved into current — per the FY2025 10-K consolidated balance sheet. Against a market cap of about $94.6B ($160.47 close on October 1, 2026), debt ÷ market cap is about 2.11%, far below the ~33% ceiling. Cash and cash equivalents of $6,560M plus short-term investments of $4,454M total $11,014M, about 11.6% of market cap. Gate 2 passes. Facts only.
Gate 3 — Non-compliant income: FAIL
FY2025 interest income was $705M against revenue of $12,241M, per the FY2025 10-K consolidated statements of operations — about 5.76% of revenue, above the 5% non-compliant income ceiling. The interest is earned on the company's large cash and marketable-securities balances ($6,560M cash and $4,454M short-term investments at year-end), not from lending. Interest income fell 14% from $818M in FY2024 while revenue grew — the ratio is trending down — but on the latest audited annual figures used here, Gate 3 fails. Facts only.
Key figures used
- Business: global short-term rental marketplace — hosts and guests book stays via app/website; service fees per booking, no owned real estate; Experiences plus expansion into services and hotels
- Interest-bearing debt: $1,999M (current portion of long-term debt; long-term portion $0) at Dec 31, 2025 — debt ÷ market cap ≈ 2.11%, far under the ~33% ceiling
- Market cap: ~$94.6B ($160.47 close, Oct 1, 2026); cash $6,560M + short-term investments $4,454M = $11,014M ≈ 11.6% of market cap
- Interest income: $705M (FY2025) vs revenue $12,241M — ≈5.76% of revenue, over the 5% non-compliant income ceiling (earned on cash balances, down 14% from $818M in FY2024)
- Q2 2026: revenue $3.61B (+16.5% YoY), net income $816M, EPS $1.37; gross booking value $27.2B (+16%); 148.3M nights and experiences booked
- Zoya and Musaffa both cover ABNB and classify it as not Shariah-compliant (Sept 2026); no ShariaPortfolio rating found — reported as absent, not invented
Frequently asked questions
What does Airbnb do?
Airbnb, Inc. (NASDAQ: ABNB) operates the world's largest online marketplace for short-term lodging, connecting hosts and guests who book stays directly through its website and app. It takes service fees on each booking rather than owning properties, and also sells Experiences (host-led activities) and has begun expanding into services, hotels, and other travel categories. Founded in San Francisco in 2008, it reported FY2025 revenue of $12.24B and gross booking value that reached $27.2B in Q2 2026. The business gate of this screen passes: travel and lodging are permissible business lines with no disclosed alcohol, gambling, pork, conventional banking/insurance, tobacco, or weapons segments.
Why does Airbnb fail this Shariah stock screen?
Airbnb's core business — a travel and lodging marketplace — has no prohibited lines, and its debt is negligible, so it passes the business and financial-structure gates. The failure is on the non-compliant income gate: FY2025 interest income of $705M is about 5.76% of revenue ($12.24B), above the ~5% ceiling. This matches the third-party coverage — Zoya and Musaffa both classify ABNB as not Shariah-compliant (assessments as of September 2026), driven by the same interest-income ratio. This is a factual screen, not a religious ruling — consult a qualified scholar for personal guidance.
What is Airbnb's interest-bearing debt ratio?
At December 31, 2025, Airbnb's only interest-bearing debt was the current portion of long-term debt of $1,999M (the long-term portion was zero, as the 2026-maturing notes moved into current), per the FY2025 10-K balance sheet. Against a market capitalization of about $94.6B ($160.47 close on October 1, 2026), debt divided by market cap is about 2.11%, far below the ~33% ceiling. Cash and cash equivalents ($6,560M) plus short-term investments ($4,454M) total $11,014M, about 11.6% of market cap. The financial-structure gate passes; the failure is on the income gate.
What is Airbnb's non-compliant income ratio?
For FY2025, Airbnb reported interest income of $705M on the income statement against revenue of $12,241M — about 5.76% of revenue, above the 5% non-compliant income limit. The interest is earned on the company's large cash and marketable-securities balances (cash alone was $6,560M at year-end), not from lending. Note the trend is improving as interest rates decline — interest income fell 14% from $818M in FY2024 while revenue grew 10% — but on the latest audited annual figures used here, the income gate fails.
Do Zoya, Musaffa, or ShariaPortfolio cover Airbnb?
Zoya and Musaffa both cover Airbnb (ABNB) and both classify it as not Shariah-compliant — honestly reported from their pages, not invented. Zoya (assessment as of September 2026, citing the FY2025 10-K) reports revenue of $12,241,000,000 and interest income of $705,000,000, i.e. 5.76% of revenue, and marks ABNB not compliant; a Zoya community reply from its team confirms the failure is on interest income, not the business lines. Musaffa's stock page (September 2026, AAOIFI methodology) classifies Airbnb Inc as not halal. No public stock rating or screener coverage of ABNB was found from ShariaPortfolio — reported as absent, not invented.
Sources
- Airbnb FY2025 10-K (filed Feb 12, 2026): revenue $12,241M, interest income $705M; balance sheet: current portion of long-term debt $1,999M, long-term debt $0, cash and equivalents $6,560M, short-term investments $4,454M
- StockAnalysis — ABNB market cap $94.61B, $160.47 close (Oct 1, 2026)
- Zoya — Is Airbnb (ABNB) Stock Halal or Haram: not Shariah-compliant (Sept 2026); revenue $12,241M, interest income $705M = 5.76%
- Musaffa — Airbnb Inc (ABNB) Shariah compliance: not halal (Sept 2026, AAOIFI methodology)
- Zacks — Airbnb Q2 2026: revenue $3.61B (+16.5% YoY), EPS $1.37 vs $1.26 expected (Aug 6, 2026)
Screened 2026-10-02 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.
Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).