Is MS halal?
Morgan Stanley
Not halal
Morgan Stanley did not pass AAOIFI screening. The failed check is shown below.
Checked: 16 October 2026
Exchange
NYSE
Price
180.57
Day
-0.84%
Market cap
$284.26B
Industry
Capital Markets
Sector
Financial Services
What the company does
Morgan Stanley is an investment bank and wealth manager: advising companies on stock/bond offerings and mergers, trading, and brokerage for wealthy clients (E*TRADE is part of it). Revenue comes from fees, management charges and 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
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $422.38B ÷ 36-month average market cap $215.63B = 195.9%
195.9%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $230.71B ÷ 36-month average market cap $215.63B = 107.0%
107.0%
Fail
Non-compliant income / total revenue
limit 5%
Interest income $59.06B ÷ annual revenue $65.97B (2025) = 89.5%
89.5%
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: $284.26B.
For information (AAOIFI 3/1 note): cash + receivables are 18.5% 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
- 0.33% weight · #50 of 503
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 4 superinvestors · Average reported price: $207.16
- David KatzMatrix Asset Advisors$38.6M3.2%
- Viking Global Investors$339.2M1.0%
- Richard PzenaPzena Investment Management$95.0M0.3%
- Mairs & Power Funds$217K0.0%
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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.