Is HSBC halal?
HSBC Holdings, plc.
Not halal
HSBC Holdings, plc. did not pass AAOIFI screening. The failed check is shown below.
Checked: 13 October 2026
Exchange
NYSE
Price
94.57
Day
+0.03%
Market cap
$322.57B
Industry
Banks - Diversified
Sector
Financial Services
What the company does
HSBC (UK) is one of the world's largest banks, with Asia (Hong Kong) as its main market. Retail banking, corporate lending, trade finance and wealth management; revenue is loan interest and fees.
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 - Diversified
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $132.90B ÷ 36-month average market cap (estimated) $214.50B = 62.0%
62.0%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $877.58B ÷ 36-month average market cap (estimated) $214.50B = 409.1%
409.1%
Fail
Non-compliant income / total revenue
limit 5%
Interest income $97.87B ÷ annual revenue $71.02B (2025) = 137.8%
137.8%
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: $322.57B.
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 1 superinvestors · Average reported price: $95.09
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Halal is the first question. The second: when to enter?
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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.