Is Airbnb Stock Halal?
Airbnb, Inc. · ABNB · NASDAQ
Airbnb, Inc. (ABNB) does not pass Shariah screening: impermissible income / total revenue is 5.8% against the < 5% limit (data as of 2026-03-31). It is not held by Shariah-screened ETFs SPUS or HLAL. Screened alternatives exist in the same sector — see the halal stock screeners and ETF guides below.
Financial data as of 2026-03-31 · Screening basis: AAOIFI · Last reviewed 2026-06-14
Our Analysis
Airbnb operates a lodging marketplace and earns service fees when hosts and guests transact, with fiscal 2025 revenue of $12.2 billion. Matching travelers with accommodations for a fee is permissible in form, so on the surface Airbnb looks cleaner than a content or alcohol business. The complications are in the financial details and in the newer parts of the platform.
The most important Shariah-relevant fact is interest income. Airbnb collects guest payments before stays occur and holds large balances, about $7.0 billion of funds held on behalf of guests within roughly $17.9 billion of liquid assets, and it earned $705 million of interest on those balances in 2025. That interest equaled around 22.5% of the company's pretax income and roughly 6% of total revenue, which is a meaningful interest-linked share rather than a trivial one, and it is precisely the kind of figure that AAOIFI-style screens scrutinize and that an investor would purify. Separately, the Airbnb Experiences business it relaunched in May 2025 can include activities tied to alcohol or nightlife, though Airbnb does not break out that revenue.
Airbnb is in the S&P 500 but is held by neither SPUS (as of June 11, 2026) nor HLAL (as of February 28, 2026). The size of the interest income is a plausible reason a financial-ratio screen would exclude it, but neither fund publishes a stock-level explanation, so the cause cannot be stated with certainty. For a Muslim investor, Airbnb currently sits outside both major US Shariah funds, and the documented interest income is the central issue to weigh; a live screener should be consulted before relying on any verdict.
Business Activity Screen
Airbnb, Inc. operates a global marketplace connecting hosts and guests for stays, and increasingly for experiences and services, earning service fees on bookings. Per its fiscal 2025 results (year ended December 31, 2025; reported February 12, 2026), total revenue was $12,241 million, up 10% year over year. Airbnb relaunched Airbnb Experiences and added Airbnb Services in May 2025.
Airbnb's core marketplace fee model is permissible in form, but two items are Shariah-relevant and documented in its financials. (1) Interest income: Airbnb earned $705 million of interest income in fiscal 2025 (down from $818M in 2024), primarily on its liquid assets including approximately $7.0 billion of funds held on behalf of guests collected before check-in; this interest income equaled roughly 22.5% of pretax income ($3,137M) and about 5.8% of total revenue, a material interest-linked figure that screeners weigh heavily against AAOIFI tolerance. (2) Experiences/Services: the relaunched Airbnb Experiences can include activities that may involve impermissible elements (for example experiences centered on alcohol or nightlife); Airbnb does not separately disclose Experiences or Services revenue, so the share is not quantifiable. Airbnb is an S&P 500 constituent but is absent from SPUS (2026-06-11) and HLAL (2026-02-28); the substantial interest income is a plausible cause, but the funds do not publish per-stock reasons.
Financial Ratio Screen
| Screen | Value | AAOIFI limit | Result |
|---|---|---|---|
| Interest-bearing debt / market cap | 3.3% | < 30% | Pass |
| Cash + interest-bearing securities / market cap | 15.8% | < 30% | Pass |
| Impermissible income / total revenueInterest income only — verify other impermissible revenue lines in the 10-K | 5.8% | < 5% | Fail |
Spot market cap at research date (consider trailing average for borderline names). Data as of 2026-03-31 · thresholds per AAOIFI Shariah standards.
This verdict uses the AAOIFI standard — the most widely used and, at a 30% debt limit, the most conservative mainstream Shariah standard. Interest-bearing debt and interest-bearing securities each stay under 30% of market cap, and impermissible income under 5% of revenue. Other standards (Dow Jones Islamic, S&P Shariah, MSCI Islamic, FTSE Yasaar) use ~33% limits or screen against total assets, so a borderline company can be rated differently by each. How we screen & why screeners disagree →
How Airbnb screens across Shariah standards
The standards disagree on this company. It passes some Shariah screens and fails others — which is exactly why you may see a different answer in different apps. Our headline verdict uses AAOIFI, the strictest and most widely cited mainstream standard.
| Standard | Debt | Cash & interest securities | Limit / basis | Result |
|---|---|---|---|---|
| AAOIFI (our standard) | 3.3% | 15.8% | < 30% of market cap | Pass |
| Dow Jones Islamic / S&P Shariah thresholdDow Jones and S&P apply this limit against a trailing 24–36-month average market cap; shown here on the same point-in-time market cap for comparison. | 3.3% | 15.8% | < 33% of market cap | Pass |
| MSCI Islamic / FTSE Yasaar basisTotal-assets denominator. MSCI/FTSE also apply entry/exit buffers and a receivables screen we do not reproduce. | 9.4% | 45.0% | < 33.33% of total assets | Fail |
HalalWallet computation reproducing each standard's threshold and denominator from public filings (balance sheet as of 2026-03-31) — not the providers' licensed index determinations, which can differ. Debt is interest-bearing borrowings (operating leases excluded). The impermissible-income screen (< 5% of revenue) is common to all of these standards and is shown in the ratio table above. Dow Jones and S&P apply their limit against a trailing 24–36-month average market cap; MSCI and FTSE add entry/exit buffers and a receivables screen. Full methodology →
Other stocks where Shariah screeners disagree
These companies pass under some mainstream standards and fail under others — the same pattern as this verdict. That is why two apps can show different answers.
AbbVieABBV
Passes market-cap screens · fails MSCI/FTSE (total assets)
Arista NetworksANET
Passes market-cap screens · fails MSCI/FTSE (total assets)
ArmARM
Passes market-cap screens · fails MSCI/FTSE (total assets)
BlockXYZ
Fails AAOIFI market-cap · passes MSCI/FTSE (total assets)
BroadcomAVGO
Passes market-cap screens · fails MSCI/FTSE (total assets)
Canadian National RailwayCNR.TO
Passes market-cap screens · fails MSCI/FTSE (total assets)
Scholars' & Screeners' Positions
Published positions, cited as stated. Screeners can reach different conclusions on the same company because of ratio timing and methodology differences — we report the disagreement rather than flatten it.
SP Funds S&P 500 Sharia ETF (SPUS)
Not held in SPUS as of 2026-06-11. Absence can reflect screen failure or index scope — verify before citing as a screen outcome.
Source →Wahed FTSE USA Shariah ETF (HLAL)
Not held in HLAL as of 2026-06-11. Absence can reflect screen failure or index scope — verify before citing as a screen outcome.
Source →
What to do instead
You don't have to choose between investing and your values — screened alternatives exist for nearly every position.
Related guides
Consider Consulting an Islamic Scholar
Major whether Airbnb, Inc. is halal decisions often involve nuances that vary by scholarly opinion and personal circumstance. While HalalWallet provides educational comparisons and tools, we are not scholars or financial advisors. For personal guidance on Shariah compliance, consider speaking with a qualified Islamic scholar, your local imam, or a Shariah-certified financial advisor familiar with your situation.
Important: HalalWallet is an educational comparison platform. We do not provide financial, legal, or religious advice.
Product structures and Shariah-compliance oversight vary by provider. Before applying:
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- Review the contract structure (Murabaha, Ijara, Musharakah, etc.) and any disclosed Shariah board opinions.
- Consult a qualified Islamic finance advisor or scholar for guidance on your individual circumstances.
Frequently Asked Questions
Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-06-01
- ABNB latest quarterly filing (balance sheet 2026-03-31)
- AAOIFI Shariah Standards
- Airbnb Q4/Full-Year 2025 shareholder letter (SEC EDGAR, 8-K exhibit 99.1)
- Airbnb full-year 2025 results announcement (company IR)
- SPUS holdings (SP Funds)
- HLAL Schedule of Investments 2026-02-28 (SEC EDGAR)
- HalalWallet Methodology
- Editorial Policy
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