Is MFG halal?
Mizuho Financial Group, Inc. Sp
Not halal
Mizuho Financial Group, Inc. Sp did not pass AAOIFI screening. The failed check is shown below.
Checked: 13 October 2026
Exchange
NYSE
Price
10.17
Day
-0.49%
Market cap
$128.17B
Industry
Banks - Regional
Sector
Financial Services
What the company does
Mizuho Financial Group (Japan) is one of Japan's three megabanks: corporate and retail lending, brokerage (Mizuho Securities) and asset management, with a growing US investment bank. Revenue comes from 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 - Regional
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $164.05B ÷ 36-month average market cap (estimated) $73.60B = 222.9%
222.9%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $669.49B ÷ 36-month average market cap (estimated) $73.60B = 909.7%
909.7%
Fail
Non-compliant income / total revenue
limit 5%
Interest income $36.87B ÷ annual revenue $26.60B (2026) = 138.6%
138.6%
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: $128.17B.
In the lists
- In the S&P 500
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
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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.