Is Royal Caribbean Cruises Ltd. (RCL) halal? Halal. Based on AAOIFI screening, Royal Caribbean Cruises Ltd. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 65/100 (Grade: B).

Royal Caribbean Cruises Ltd.

RCL: Is Royal Caribbean Cruises Ltd. Halal?

Halal

Royal Caribbean Cruises Ltd.

NYSEConsumer CyclicalUS

$301.47

+0.61%

Purify ~3.2% of income

About Royal Caribbean Cruises Ltd.

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises brands, which comprise a range of itineraries that call on approximately 1,000 destinations. As of February 25, 2022, it operated 61 ships. The company was founded in 1968 and is headquartered in Miami, Florida.

Sector: Consumer Cyclical · Industry: Travel Services

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 17, 2026
B

Acceptable

Acceptable but room for improvement

65Score

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.

  • •Travel Services: estimated 3.0% peripheral exposure (AAOIFI industry average)

Use the Purification Calculator to compute exactly how much of your dividend income to donate.

Financial Ratio Screen

Passed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap22.5% / 30.0%

Compliance History

  1. Halalnow

    since Jun 2026

  2. Doubtful

    until the change above

  3. Halal

    until the change above

  4. Not Halal

    until the change above

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

Screened: Jun 17, 2026Fiscal: Q1 2026Source: EDGAR

Purify Your RCL Dividends

0.2% non-compliant income

RCL has 0.2% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

80.9B

Price

$301.47

Sector

Consumer Cyclical

Industry

Travel Services

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Frequently Asked Questions

Is Royal Caribbean Cruises Ltd. (RCL) halal to invest in?
Based on AAOIFI Standard 21 screening, Royal Caribbean Cruises Ltd. (RCL) is rated Halal with a compliance grade of B (Acceptable). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).
Why did Royal Caribbean Cruises Ltd. get a B compliance rating?
Royal Caribbean Cruises Ltd. (RCL) received a grade of B (Acceptable) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 22.5% (limit 30%); interest-bearing deposits of 1.0% (limit 30%); prohibited income of 0.15% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Royal Caribbean Cruises Ltd.'s Shariah verdict?
Royal Caribbean Cruises Ltd.'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 Royal Caribbean Cruises Ltd. re-screened for Shariah compliance?
Royal Caribbean Cruises Ltd. (RCL) 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: Jun 17, 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.