Is FLG halal?
Flagstar Bank, N.A.
Not halal
Flagstar Bank, N.A. did not pass AAOIFI screening. The failed check is shown below.
Checked: 16 October 2026
Exchange
NYSE
Price
11.08
Day
-1.51%
Market cap
$4.64B
Industry
Banks - Regional
Sector
Financial Services
What the company does
Flagstar Bank (formerly New York Community Bancorp) is a bank in New York and Michigan with a large multifamily-housing loan book. Revenue comes from loan interest.
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 $10.94B ÷ 36-month average market cap $4.67B = 234.1%
234.1%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $21.68B ÷ 36-month average market cap $4.67B = 463.9%
463.9%
Fail
Non-compliant income / total revenue
limit 5%
Interest income $4.47B ÷ annual revenue $2.06B (2025) = 216.6%
216.6%
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: $4.64B.
For information (AAOIFI 3/1 note): cash + receivables are 7.9% of total assets (2026-06-30). 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
- Not in the S&P 500
- 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: $14.94
- Kahn Brothers Group$60.9M9.6%
- Third Avenue Management$4.9M0.8%
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- Halal investingBlogWhy a company's cash affects whether its stock is halalLots of cash sounds like a good sign — but halal screening checks it separately. What counts, what doesn't, and where we are stricter than AAOIFI.
- 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.