Is ZION halal?
Zions Bancorporation N.A.
Not halal
Zions Bancorporation N.A. did not pass AAOIFI screening. The failed check is shown below.
Checked: 16 October 2026
Exchange
NASDAQ
Price
63.37
Day
+0.57%
Market cap
$9.23B
Industry
Banks - Regional
Sector
Financial Services
What the company does
Zions Bancorporation is a Utah-based regional bank operating under local brands in 11 Western states: business lending, deposits, wealth management. 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 $1.95B ÷ 36-month average market cap $7.72B = 25.3%
25.3%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $11.96B ÷ 36-month average market cap $7.72B = 154.9%
154.9%
Fail
Non-compliant income / total revenue
limit 5%
Interest income $4.18B ÷ annual revenue $3.38B (2025) = 123.6%
123.6%
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: $9.23B.
For information (AAOIFI 3/1 note): cash + receivables are 13.3% 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
- 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.