Is JPM halal?
JP Morgan Chase & Co.
Not halal
JP Morgan Chase & Co. did not pass AAOIFI screening. The failed check is shown below.
Checked: 16 October 2026
Exchange
NYSE
Price
339.72
Day
+1.25%
Market cap
$900.62B
Industry
Banks - Diversified
Sector
Financial Services
What the company does
JPMorgan Chase is the largest US bank: it takes deposits, issues loans and cards, helps companies raise stock and bond capital, and manages assets. Most of its money comes from loan interest and investment-banking 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 $532.95B ÷ 36-month average market cap $706.87B = 75.4%
75.4%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $833.85B ÷ 36-month average market cap $706.87B = 118.0%
118.0%
Fail
Non-compliant income / total revenue
limit 5%
Interest income $193.34B ÷ annual revenue $181.85B (2025) = 106.3%
106.3%
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: $900.62B.
For information (AAOIFI 3/1 note): cash + receivables are 20.2% 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
- 1.34% weight · #14 of 503
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 13 superinvestors · Average reported price: $327.42
- David KatzMatrix Asset Advisors$42.7M3.5%
- Mairs & Power Funds$302.3M2.8%
- Viking Global Investors$949.1M2.7%
- Christopher DavisDavis Advisors$155.9M0.7%
- Francois RochonGiverny Capital$15.7M0.5%
- Richard PzenaPzena Investment Management$109.4M0.3%
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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.