C
Citigroup Inc.
Is C Halal?
Conventional global bank — debt/assets is 71.55% and net interest income is core revenue.
What You Should Know
Citigroup's March 31, 2026 Form 10-Q shows $2,777,687 million of assets, $1,987,360 million of interest-bearing debt and $15,741 million of net interest income against $24,633 million of quarterly net revenue. Lending, deposits, credit cards, repo, securities financing and derivatives create an independent conventional-finance failure.
⚠️ Concerns
- •Global interest-based banking
- •Consumer credit cards
- •Derivatives exposure
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
1,987,360 / 2,777,687
813,044 / 2,777,687
1,118,699 / 2,777,687
15,741 / 24,633
- Financial
- Fails
- Overall
- Fails
Debt/assets is 71.55%, receivables-plus-cash/assets is 40.27%, and disclosed net interest income is 63.90% of quarterly net revenue; these exceed the examined limits.
- Financial
- Fails
- Overall
- Fails
Debt/assets and receivables-plus-cash/assets exceed the examined total-assets thresholds; the core business also fails the activity screen.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 71.55%, above the examined Malaysia SAC limit, and conventional banking activity is material. This is a calculation against SAC ratios, not an official SAC classification.
- Financial
- Not calculated
- Overall
- Not calculated
A licensed historical market-cap series is not stored, so market-cap denominator methods are not estimated from a spot price.
Business-activity disclosure
Citigroup is a conventional global bank whose principal activities include interest-bearing deposits, lending, credit cards, securities financing, investment banking and derivatives.
Limitation: The core business is itself conventional finance; a neutral-purpose technology or incidental-income analysis is not appropriate.
Purification
ZakatInvest does not prescribe purification for a company whose primary business is conventional interest-based finance.
Inputs, assumptions and primary sources
- Amounts are USD millions from Citigroup's March 31, 2026 Form 10-Q.
- Interest-bearing debt is interest-bearing deposits, securities loaned and sold under repurchase agreements, short-term borrowings and long-term debt.
- Interest-bearing securities are available-for-sale debt securities, held-to-maturity debt securities and securities purchased under resale agreements.
- Receivables are conservatively represented by loans plus securities purchased under resale agreements; net interest income is used as the disclosed non-compliant income proxy.
- Citigroup does not separately disclose a prohibited-business revenue numerator.
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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