BARC
Barclays PLC
Is BARC Halal?
UK bank — conventional banking and investment banking.
What You Should Know
Barclays is a UK universal bank. Its Q1 2026 results report net interest income at 45.78% of total income, debt at 44.39% and liquidity at 47.00% of assets; retail banking, consumer credit, investment banking and derivatives remain material.
⚠️ Concerns
- •Retail and corporate banking (riba)
- •Investment banking and derivatives
- •Consumer credit and securities financing
Current quantitative Sharia screen
Based on Q1 2026 Results Announcement (6-K) figures for the period ended 2026-03-31; calculated 2026-07-14.
752,307 / 1,694,786
796,552 / 1,694,786
593,656 / 1,694,786
3,737 / 8,163
- Financial
- Fails
- Overall
- Fails
Debt is 44.39% of assets, liquidity is 47.00%, receivables plus cash are 35.03%, and net interest income is 45.78%; all examined limits are exceeded.
- Financial
- Fails
- Overall
- Fails
Debt, liquidity and receivables-plus-cash exceed the examined MSCI total-assets limits.
- Financial
- Fails
- Overall
- Fails
Debt and liquidity exceed the examined SAC ratios; this is a calculation against SAC ratios, not an official SAC classification.
- Financial
- Not calculated
- Overall
- Fails
Historical market-cap ratios are not stored; a different denominator cannot cure the failed conventional-banking activity.
Business-activity disclosure
Barclays is a UK universal bank with conventional retail, corporate and investment-banking operations. Group net interest income was 45.78% of Q1 total income, while derivatives and consumer-credit activity add material qualitative concerns.
Limitation: The results announcement does not classify every fee, trading, advisory, card or subsidiary contract by Sharia status; conventional banking and reported net interest independently establish the activity concern.
Purification
Purification is not calculated because the core conventional-banking activity fails; the 45.78% net-interest ratio is evidence of failure, not a donation amount that makes ownership compliant.
Inputs, assumptions and primary sources
- GBP millions from Barclays PLC's consolidated 31 March 2026 results announcement filed on Form 6-K.
- Interest-bearing funding includes bank and customer deposits, repurchase/secured borrowing, debt securities in issue and subordinated liabilities.
- Identifiable securities include debt securities at amortised cost, trading portfolio assets, FVTPL assets and FVOCI assets; derivatives are excluded. Customer loans are the receivables/financing-assets proxy.
- Reported group net interest income of GBP 3,737 million is used as the conservative non-compliant-income numerator against GBP 8,163 million group total income.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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