Is WFC halal?
Wells Fargo & Company
Not halal
Wells Fargo & Company did not pass AAOIFI screening. The failed check is shown below.
Checked: 16 October 2026
Exchange
NYSE
Price
83.87
Day
+1.35%
Market cap
$252.85B
Industry
Banks - Diversified
Sector
Financial Services
What the company does
Wells Fargo is one of the largest US banks: accounts, mortgages, auto loans, cards and corporate lending. Revenue is mostly loan interest; it operated under regulatory limits for years after the 2016 fake-accounts scandal.
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 $207.31B ÷ 36-month average market cap $232.71B = 89.1%
89.1%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $475.50B ÷ 36-month average market cap $232.71B = 204.3%
204.3%
Fail
Non-compliant income / total revenue
limit 5%
Interest income $87.31B ÷ annual revenue $83.70B (2025) = 104.3%
104.3%
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: $252.85B.
For information (AAOIFI 3/1 note): cash + receivables are 11.3% 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
- 0.38% weight · #43 of 503
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 12 superinvestors · Average reported price: $82.63
- Tweedy Browne$41.1M3.1%
- Christopher DavisDavis Advisors$661.9M2.8%
- Francis ChouChou Associates$4.9M2.3%
- Harry BurnSound Shore$73.6M2.3%
- Richard PzenaPzena Investment Management$729.5M2.1%
- David KatzMatrix Asset Advisors$17.4M1.4%
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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.