
Is Hilton Grand Vacations (HGV) stock Halal?
Hilton Grand Vacations, Inc. (HGV) is not Shariah compliant in the September 2026 AAOIFI screening: it fails the non-permissible income and interest-bearing debt screens. Tabadulat re-screens HGV monthly, and a stock can return to compliance when new financial reports change its ratios.
Hilton Grand Vacations is a leading global operator and developer of timeshare resorts. As a specialized entity in the hospitality industry, it primarily focuses on the development, marketing, and operation of vacation ownership resorts. Hilton Grand Vacations caters to travelers seeking premium vacation experiences, offering them the opportunity to convert planned vacation time into investments in vacation properties. Before any of that matters to a Muslim investor, one question comes first: is Hilton Grand Vacations stock Halal?
Is Hilton Grand Vacations Shariah compliant?
Industrial businesses like Hilton Grand Vacations usually pass the activity screen without drama. The harder test is financial: heavy assets mean heavy financing, and AAOIFI Shariah Standard No. 21 tolerates interest bearing debt and investments only below 30% of market capitalisation, ratios that shift with every move in the share price.
Does Hilton Grand Vacations pass the business activity test?
The activity screen is only part of the picture this month: Hilton Grand Vacations currently fails the non-permissible income and interest-bearing debt screens, so the overall verdict is not compliant regardless of the business itself. The activity itself raises no Shariah objection; the scrutiny belongs to the financing.
Is Hilton Grand Vacations' income Halal?
No. Hilton Grand Vacations' income from impermissible sources currently exceeds AAOIFI's 5% revenue ceiling, which makes the stock non-compliant on this screen regardless of the others. The screen is reassessed monthly, so the status can change when new financial statements arrive.
Does Hilton Grand Vacations meet AAOIFI's debt and investment ratio requirements?
Not in full. Interest bearing debt currently exceeds the 30% cap, while the other ratio stays within it. One breach is enough to fail the screening; the ratios are reassessed monthly under our Shariah Supervisory Board.
Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.
New to the four screens? Read AAOIFI Standards Explained: What Makes a Stock Halal?



