TNLNot HalalF
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Compliance Status

Not Halal

Screened on Oct 14, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Travel + Leisure Co. (TNL) halal? Not Halal. Based on AAOIFI screening, Travel + Leisure Co. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

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HalalScreener rates Travel + Leisure Co. (TNL) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 14, 2026. Source: https://halalscreener.app/en/stock/TNL

Business activity

Its main business is permissible, with some incidental non-compliant revenue.

Passed

Company debt

Over the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

148.8% of 30.0% limit
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The verdict above is final and free.

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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding TNL

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

Travel + Leisure Co.

TNL: Is Travel + Leisure Co. Halal?

Travel + Leisure Co.

NYSEConsumer CyclicalUS

$64.59

Market Cap: 4.0B

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About Travel + Leisure Co.

Travel + Leisure Co. functions as a global hospitality enterprise, delivering a diverse range of services and products through its two primary divisions: Vacation Ownership and Travel & Membership. The Vacation Ownership segment focuses on the development, marketing, and sale of fractional vacation ownership interests (VOIs) directly to individual consumers. This division also provides consumer financing for these purchases and manages properties, overseeing approximately 245 vacation ownership resorts as of January 26, 2022. The Travel & Membership division encompasses a variety of ventures, including the operation of three distinct vacation exchange brands, a home exchange network, advanced travel technology platforms, exclusive travel memberships, and direct-to-consumer rental services. Beyond its core segments, the company also offers private-label travel booking technology solutions. Originally founded in 1990 and headquartered in Orlando, Florida, the company adopted its current name, Travel + Leisure Co., in February 2021, having previously operated as Wyndham Destinations, Inc.

Sector: Consumer Cyclical · Industry: Travel Services

Why this does not pass

  • Interest-bearing debt is 148.8% of market cap, over the 30% AAOIFI limit.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 14, 2026

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Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Peripheral exposure (still halal, purify this share)
3.0%

Primary business is permissible. AAOIFI allows up to 5% revenue from incidental non-compliant sources, provided the share is purified.

  • •Estimated 3.0% of revenue from non-compliant sources. This is an average for Travel Services, not a figure the company reports.

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PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: Q2 2026Data source: EDGAR
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Frequently Asked Questions

Is Travel + Leisure Co. (TNL) halal to invest in?
Travel + Leisure Co. (TNL) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did Travel + Leisure Co. get a F compliance rating?
Travel + Leisure Co. (TNL) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 148.8% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Travel + Leisure Co.'s Shariah verdict?
Travel + Leisure Co.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is Travel + Leisure Co. re-screened for Shariah compliance?
Travel + Leisure Co. (TNL) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Oct 14, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.