Is CFG halal?
Citizens Financial Group, Inc.
Not halal
Citizens Financial Group, Inc. did not pass AAOIFI screening. The failed check is shown below.
Checked: 12 October 2026
Exchange
NYSE
Price
63.43
Day
+1.37%
Market cap
$26.77B
Industry
Banks - Regional
Sector
Financial Services
What the company does
Citizens Financial is a regional bank in the U.S. Northeast (Providence, Rhode Island). Revenue comes from loan interest, deposit services and wealth management.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
Prohibited activity: Banks - Regional
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $16.35B ÷ 36-month average market cap $20.60B = 79.3%
79.3%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $51.16B ÷ 36-month average market cap $20.60B = 248.3%
248.3%
Fail
Non-compliant income / total revenue
limit 5%
Interest income $9.66B ÷ annual revenue $8.25B (2025) = 117.2%
117.2%
Fail
Figures from the company's filings (2026-06-30), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict. Today's market cap: $26.77B.
For information (AAOIFI 3/1 note): cash + receivables are 22.3% of total assets (2025-12-31). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- 0.04% weight · #326 of 503
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 2 superinvestors · Average reported price: $70.07
Exited this quarter: Lee Ainslie
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- Halal investingBlogAAOIFI Shariah Standard No. 21 in plain languageThe most widely used standard for halal stock screening: the two-step test, the three ratios and how it differs from other methods.
Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.