NASDAQ Shariah screener · October 2026

Is Marriott International, Inc. (MAR) Halal?

Q: What does Marriott do?

Marriott International, Inc. (NASDAQ: MAR), headquartered at 7750 Wisconsin Avenue, Bethesda, MD, is a worldwide hotel franchisor, operator, and licensor. Per its Form 10-K for the fiscal year ended December 31, 2025 (filed February 10, 2026; accession 0001048286-26-000007 via the last10k.com EDGAR index; CIK 1048286; Commission File No. 1-13881): 'a worldwide franchisor, operator, and licensor of hotel, residential, timeshare, and other lodging properties under a portfolio of compelling brands at different price and service points.' It owns/leases <1% of system properties. At YE2025: 9,805 properties (1,779,936 rooms) in 145 countries; pipeline ~4,100 properties (~610,000 rooms). Reportable segments: U.S. & Canada, EMEA, Greater China, APEC. FY2025 revenue mix: franchise fees $3,325M, base management fees $1,322M, incentive management fees $791M (gross fee revenues $5,438M); owned/leased/other revenue $1,679M; cost reimbursement revenue $19,204M. Its Class A common stock trades on the Nasdaq Global Select Market (ticker MAR). FY2025 total revenues were $26,186M.

Q: Why does Marriott fail this Shariah stock screen?

Marriott International fails this Shariah stock screen on the business gate (strict reading). Gate 1 (business activity): hospitality with alcohol service inherent to hotel food-and-beverage operations - Marriott's management-fee income derives from hotel revenue including F&B, and alcohol revenue is not separately disclosed or quantifiable from the filing (zero hits for 'alcohol,' 'casino,' or 'gambling' in the 10-K); additionally, the MGM Collection with Marriott Bonvoy is a license/loyalty partnership with MGM Resorts whose properties include casinos (Marriott receives royalty/license fees, not casino operating revenue). A strict AAOIFI-style business screen treats hospitality-with-alcohol as a concern. Gate 2 (debt): total debt of $16,204M is about 17.14% of its ~$94.55B market cap (October 2026) - passes. Gate 3 (non-compliant income): interest income of $42M is about 0.160% of FY2025 revenues ($26,186M) - passes. Counter-case stated, not hidden: all financial gates pass comfortably; hospitality is the core business; alcohol is not a disclosed segment; Marriott's direct revenue is franchise/management fees, not alcohol sales. Result: FAIL - the business-gate judgment call is stated, not hidden. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

Q: What is Marriott's interest-bearing debt ratio?

Per Marriott International's Form 10-K for the fiscal year ended December 31, 2025 (filed February 10, 2026; accession 0001048286-26-000007; $ millions), total debt at December 31, 2025 was: current portion of long-term debt $1,209M + long-term debt $14,995M = $16,204M (marketbeat independently reports $16.20B). Against a market cap of about $94.55B ($354.79 per share, Finnhub, October 2026; sanity check: 264,984,554 Class A shares outstanding at Jan 31, 2026 x $354.79 = about $94.01B - within ~1%), debt / market cap is about 17.14% - below the ~33% ceiling. Footnote: the stockholders' deficit (-$3,771M) is a buyback artifact (treasury stock $27,900M), not insolvency - operating cash flow was $3,212M FY2025. Cash and equivalents of $358M is about 0.38% of market cap. Gate 2 passes. Facts only.

Q: How much interest income does Marriott earn?

Per Marriott International's Form 10-K for the fiscal year ended December 31, 2025 (filed February 10, 2026; accession 0001048286-26-000007; $ millions), interest income was $42M (FY2024 $40M; FY2023 $30M - an explicit line item) against total revenues of $26,186M = about 0.160% of revenue - below the 5% non-compliant income ceiling. Interest expense was $809M. Zoya's data fields independently report FY2025 revenue $26,186,000,000 and interest income $42,000,000 - matching the 10-K exactly. Gate 3 passes. Facts only.

Q: Do Zoya, Musaffa, or ShariaPortfolio cover Marriott?

Zoya covers Marriott at zoya.finance/stocks/mar, but its auto-generated FAQ text is garbled/contradictory (renders 'MAR is not Shariah-compliant and therefore considered halal to invest in' AND 'not Shariah-compliant and therefore not considered halal to invest in' fragments simultaneously) - no clean Zoya rating can be quoted, and none is quoted here. Reportable as an indication (not a quote): the consistent headline across fragments is 'not Shariah-compliant' / 'flagged as not Shariah-compliant,' i.e., Zoya's business screen flags MAR. Musaffa: no MAR stock page found in web searches - honestly reported as no coverage found, not invented. ShariaPortfolio: no MAR stock page found in web searches - honestly reported as no coverage found, not invented.

FAIL

Marriott International, Inc. · NASDAQ: MAR · Consumer Discretionary

The short answer

No - Marriott International, Inc. (MAR) fails this Shariah stock screen on the business gate (strict reading). Marriott, the Bethesda-based worldwide hotel franchisor and operator, earns its revenue from franchise and management fees across 9,805 properties in 145 countries (FY2025 revenues $26,186M) - but alcohol service is inherent to hotel food-and-beverage operations, and Marriott's management-fee income derives from hotel revenue including F&B (alcohol is not separately disclosed or quantifiable in the filing), plus the MGM Collection with Marriott Bonvoy partnership ties its brand and royalties to casino-resort properties. A strict AAOIFI-style business screen treats hospitality-with-alcohol as a concern. This is a judgment call, stated not hidden: all financial gates pass comfortably (debt of $16,204M is about 17.14% of its ~$94.55B market cap, below the ~33% ceiling; interest income of $42M is about 0.160% of revenue, below the 5% ceiling), hospitality is the core business, and alcohol is not a disclosed segment. Zoya's business screen indicates Marriott as not Shariah-compliant. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

Gate 1 — Business activity: FAIL

Marriott International, Inc. (NASDAQ: MAR), headquartered in Bethesda, MD, is a worldwide hotel franchisor, operator, and licensor. Per its Form 10-K for the fiscal year ended December 31, 2025 (filed February 10, 2026; accession 0001048286-26-000007 via the last10k.com EDGAR index; CIK 1048286), it owns/leases <1% of system properties; at YE2025: 9,805 properties (1,779,936 rooms) in 145 countries; pipeline ~4,100 properties (~610,000 rooms). Reportable segments: U.S. & Canada, EMEA, Greater China, APEC. Business-screen facts: (1) Alcohol: the 10-K contains zero hits for 'alcohol,' 'casino,' or 'gambling' - no disclosed alcohol segment; but hotels serve alcohol in restaurants/bars as standard hospitality practice, and Marriott's management fees are based on hotel revenue/profit including F&B; alcohol revenue is not separately disclosed and cannot be quantified from the filing. (2) Casino/gambling: Marriott operates no casinos, but the MGM Collection with Marriott Bonvoy is a license/loyalty partnership with MGM Resorts (12 properties at YE2025; MGM properties include casinos) - Marriott receives royalty/license fees, not casino operating revenue. (3) Timeshare: licensed to third parties (Marriott Vacations Worldwide was spun off in 2011); timeshare as lodging is not inherently haram. No tobacco, weapons, pork, or conventional-finance core segments. Gate read (strict reading): hospitality-with-alcohol as an inherent F&B practice, plus the MGM casino-resort partnership, fail the business gate - this is the judgment call, stated not hidden. Counter-case stated, not hidden: all financial gates pass comfortably; hospitality is the core business; alcohol is not a disclosed segment; Marriott's direct revenue is fees, not alcohol sales. Gate 1 fails on strict reading. Facts only.

Gate 2 — Debt and cash: PASS

Per Marriott International's Form 10-K for the fiscal year ended December 31, 2025 (filed February 10, 2026; accession 0001048286-26-000007; $ millions), total debt at December 31, 2025 was: current portion of long-term debt $1,209M + long-term debt $14,995M = $16,204M (marketbeat independently reports $16.20B). Against a market cap of about $94.55B ($354.79 per share, Finnhub, October 2026; sanity check: 264,984,554 Class A shares outstanding at Jan 31, 2026 x $354.79 = about $94.01B - within ~1%), debt / market cap is about 17.14% - below the ~33% ceiling. Footnote: the stockholders' deficit (-$3,771M) is a buyback artifact (treasury stock $27,900M), not insolvency - operating cash flow was $3,212M FY2025. Cash and equivalents of $358M is about 0.38% of market cap. Gate 2 passes. Facts only.

Gate 3 — Non-compliant income: PASS

Per Marriott International's Form 10-K for the fiscal year ended December 31, 2025 (filed February 10, 2026; accession 0001048286-26-000007; $ millions), interest income was $42M (FY2024 $40M; FY2023 $30M - an explicit line item) against total revenues of $26,186M = about 0.160% of revenue - below the 5% non-compliant income ceiling. Interest expense was $809M. Zoya's data fields independently report FY2025 revenue $26,186,000,000 and interest income $42,000,000 - matching the 10-K exactly. Gate 3 passes. Facts only.

Key figures used

Business: worldwide hotel franchisor, operator, and licensor (HQ Bethesda, MD) - 9,805 properties (1,779,936 rooms) in 145 countries; pipeline ~4,100 properties (~610,000 rooms); owns/leases <1% of system properties; CEO Anthony G. Capuano
FY2025 (10-K, filed Feb 10, 2026; accession 0001048286-26-000007; CIK 1048286; $ millions): total revenues $26,186M (gross fee revenues $5,438M; owned/leased/other $1,679M; cost reimbursement $19,204M); interest income $42M; interest expense $809M; net income $2,601M; operating cash flow $3,212M
Debt: $16,204M total (current $1,209M + long-term $14,995M, Dec 31, 2025) - about 17.14% of ~$94.55B market cap ($354.79, Oct 2026), below the ~33% ceiling (stockholders' deficit is a buyback artifact)
Interest income: $42M - about 0.160% of $26,186M revenues, below the 5% ceiling (Zoya independently reports the same figures)
Non-compliant segment (strict reading): alcohol inherent to hotel food-and-beverage operations (management fees derive from hotel revenue including F&B; alcohol not disclosed or quantifiable); MGM Collection with Marriott Bonvoy - license/loyalty partnership with MGM Resorts (casino-resort properties) generating royalty/license fees
Third-party screeners: Zoya covers (garbled page - consistent 'not Shariah-compliant' / 'flagged as not Shariah-compliant' indication, no clean quote); Musaffa - no coverage found; ShariaPortfolio - no coverage found
Counter-case disclosed prominently: all financial gates pass comfortably; hospitality is the core business; alcohol is not a disclosed segment; direct revenue is franchise/management fees, not alcohol sales
Material: Q2 2026 (Aug 3, 2026): RevPAR +3.4% worldwide (CEO cited Middle East conflict weighing on EMEA), adjusted diluted EPS $3.19 vs $3.08 consensus, raised FY2026 guidance (RevPAR 3.0-3.5%, adjusted EPS midpoint $11.73); citizenM acquisition completed Q3 2025 ($355M + up to $110M earn-out); FY2025: $4.0B+ returned to shareholders (dividends $718M + $3.3B buybacks)
Listing: NASDAQ Global Select Market (ticker MAR; Commission File No. 1-13881); live quote $354.79 Oct 2, 2026 - no delisting

Frequently asked questions

What does Marriott do?

Marriott International, Inc. (NASDAQ: MAR), headquartered at 7750 Wisconsin Avenue, Bethesda, MD, is a worldwide hotel franchisor, operator, and licensor. Per its Form 10-K for the fiscal year ended December 31, 2025 (filed February 10, 2026; accession 0001048286-26-000007 via the last10k.com EDGAR index; CIK 1048286; Commission File No. 1-13881): 'a worldwide franchisor, operator, and licensor of hotel, residential, timeshare, and other lodging properties under a portfolio of compelling brands at different price and service points.' It owns/leases <1% of system properties. At YE2025: 9,805 properties (1,779,936 rooms) in 145 countries; pipeline ~4,100 properties (~610,000 rooms). Reportable segments: U.S. & Canada, EMEA, Greater China, APEC. FY2025 revenue mix: franchise fees $3,325M, base management fees $1,322M, incentive management fees $791M (gross fee revenues $5,438M); owned/leased/other revenue $1,679M; cost reimbursement revenue $19,204M. Its Class A common stock trades on the Nasdaq Global Select Market (ticker MAR). FY2025 total revenues were $26,186M.

Why does Marriott fail this Shariah stock screen?

Marriott International fails this Shariah stock screen on the business gate (strict reading). Gate 1 (business activity): hospitality with alcohol service inherent to hotel food-and-beverage operations - Marriott's management-fee income derives from hotel revenue including F&B, and alcohol revenue is not separately disclosed or quantifiable from the filing (zero hits for 'alcohol,' 'casino,' or 'gambling' in the 10-K); additionally, the MGM Collection with Marriott Bonvoy is a license/loyalty partnership with MGM Resorts whose properties include casinos (Marriott receives royalty/license fees, not casino operating revenue). A strict AAOIFI-style business screen treats hospitality-with-alcohol as a concern. Gate 2 (debt): total debt of $16,204M is about 17.14% of its ~$94.55B market cap (October 2026) - passes. Gate 3 (non-compliant income): interest income of $42M is about 0.160% of FY2025 revenues ($26,186M) - passes. Counter-case stated, not hidden: all financial gates pass comfortably; hospitality is the core business; alcohol is not a disclosed segment; Marriott's direct revenue is franchise/management fees, not alcohol sales. Result: FAIL - the business-gate judgment call is stated, not hidden. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

What is Marriott's interest-bearing debt ratio?

Per Marriott International's Form 10-K for the fiscal year ended December 31, 2025 (filed February 10, 2026; accession 0001048286-26-000007; $ millions), total debt at December 31, 2025 was: current portion of long-term debt $1,209M + long-term debt $14,995M = $16,204M (marketbeat independently reports $16.20B). Against a market cap of about $94.55B ($354.79 per share, Finnhub, October 2026; sanity check: 264,984,554 Class A shares outstanding at Jan 31, 2026 x $354.79 = about $94.01B - within ~1%), debt / market cap is about 17.14% - below the ~33% ceiling. Footnote: the stockholders' deficit (-$3,771M) is a buyback artifact (treasury stock $27,900M), not insolvency - operating cash flow was $3,212M FY2025. Cash and equivalents of $358M is about 0.38% of market cap. Gate 2 passes. Facts only.

How much interest income does Marriott earn?

Per Marriott International's Form 10-K for the fiscal year ended December 31, 2025 (filed February 10, 2026; accession 0001048286-26-000007; $ millions), interest income was $42M (FY2024 $40M; FY2023 $30M - an explicit line item) against total revenues of $26,186M = about 0.160% of revenue - below the 5% non-compliant income ceiling. Interest expense was $809M. Zoya's data fields independently report FY2025 revenue $26,186,000,000 and interest income $42,000,000 - matching the 10-K exactly. Gate 3 passes. Facts only.

Do Zoya, Musaffa, or ShariaPortfolio cover Marriott?

Zoya covers Marriott at zoya.finance/stocks/mar, but its auto-generated FAQ text is garbled/contradictory (renders 'MAR is not Shariah-compliant and therefore considered halal to invest in' AND 'not Shariah-compliant and therefore not considered halal to invest in' fragments simultaneously) - no clean Zoya rating can be quoted, and none is quoted here. Reportable as an indication (not a quote): the consistent headline across fragments is 'not Shariah-compliant' / 'flagged as not Shariah-compliant,' i.e., Zoya's business screen flags MAR. Musaffa: no MAR stock page found in web searches - honestly reported as no coverage found, not invented. ShariaPortfolio: no MAR stock page found in web searches - honestly reported as no coverage found, not invented.

Sources

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).