Is MTB halal?
M&T Bank Corporation
Not halal
M&T Bank Corporation did not pass AAOIFI screening. The failed check is shown below.
Checked: 16 October 2026
Exchange
NYSE
Price
215.28
Day
-1.54%
Market cap
$31.09B
Industry
Banks - Regional
Sector
Financial Services
What the company does
M&T Bank is a regional bank in the U.S. Northeast (Buffalo, New York). Revenue comes from loan interest, deposit services and trust/wealth 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 $18.12B ÷ 36-month average market cap $28.99B = 62.5%
62.5%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $44.31B ÷ 36-month average market cap $28.99B = 152.8%
152.8%
Fail
Non-compliant income / total revenue
limit 5%
Interest income $10.49B ÷ annual revenue $9.63B (2025) = 108.9%
108.9%
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: $31.09B.
In the lists
- In the S&P 500
- 0.05% weight · #306 of 503
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 3 superinvestors · Average reported price: $233.62
- David KatzMatrix Asset Advisors$13.9M1.1%
- John RogersAriel Investments$41.6M0.4%
- Christopher DavisDavis Advisors$13.8M0.1%
Exited this quarter: Francois Rochon
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- 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.