DB

Deutsche Bank AG

HARAM — SCREEN DOES NOT PASSstock

Is DB Halal?

German bank — universal banking including investment banking.

What You Should Know

Deutsche Bank is a global universal bank. Its Q1 2026 supplement reports net interest income at 48.48% of total net revenues, debt at 55.74% and liquidity at 42.12% of assets; lending, trading and derivatives are core activities.

⚠️ Concerns

  • Universal banking with riba
  • Derivatives and structured products
  • Investment banking and securities financing

Current quantitative Sharia screen

Based on Q1 2026 Financial Data Supplement figures for the period ended 2026-03-31; calculated 2026-07-14.

EUR · millions
Interest-bearing debt / assets
55.74%Above limit
Below 33.333% under FTSE Yasaar

826,583 / 1,483,027

Cash + interest-bearing securities / assets
42.12%Above limit
Below 33.333% under FTSE Yasaar

624,609 / 1,483,027

Receivables + cash / assets
41.76%Within limit
Below 50% under FTSE Yasaar

619,248 / 1,483,027

Non-compliant income / revenue (upper bound)
48.48%Above limit
No more than 5% under FTSE Yasaar

4,204 / 8,671

FTSE Yasaar
v4.6, February 2026
Financial
Fails
Overall
Fails

Debt is 55.74% of assets, liquidity is 42.12%, receivables plus cash are 41.71%, and net interest income is 48.48%; all examined limits are exceeded.

MSCI Islamic (total-assets series)
October 2024 methodology
Financial
Fails
Overall
Fails

Debt, liquidity and receivables-plus-cash exceed the examined MSCI total-assets limits.

Malaysia SAC financial ratios
single 5% activity benchmark adopted November 2025
Financial
Fails
Overall
Fails

Debt and liquidity exceed the examined SAC ratios; this is a calculation against SAC ratios, not an official SAC classification.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
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

Deutsche Bank is a global universal bank. Conventional deposits, lending, investment banking, trading and derivatives are core activities; reported net interest income was 48.48% of Q1 total net revenues.

Limitation: The supplement does not classify every advisory, trading, fee, subsidiary or contract by Sharia status; conventional universal banking and disclosed net interest independently establish the activity concern.

Purification

Purification is not calculated because the core conventional-banking activity fails; the 48.48% net-interest ratio is evidence of failure, not a donation amount that makes ownership compliant.

Inputs, assumptions and primary sources
  • EUR millions from Deutsche Bank's consolidated 31 March 2026 financial data supplement.
  • Interest-bearing funding includes deposits, central-bank/repos, other short-term borrowings, long-term debt and trust preferred securities.
  • Identifiable securities include resale agreements, securities borrowed, trading assets, mandatory FVTPL and FVOCI assets; derivatives are excluded. Loans at amortised cost are the receivables/financing-assets proxy.
  • Reported consolidated net interest income of EUR 4,204 million is used as the conservative non-compliant-income numerator against EUR 8,671 million total net revenues.

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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