Is ING (ING Groep NV) halal?

Q: Is ING (ING Groep NV) halal?

HARAM: Dutch bank — conventional banking. ING is a major European bank. Its Q1 2026 filing reports net interest income at 69.64% of total income, debt at 85.13% and receivables plus cash at 70.91% of assets; core deposits, mortgages, lending and treasury remain conventional banking.

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ING

ING Groep NV

HARAM — SCREEN DOES NOT PASSstock

Is ING Halal?

Dutch bank — conventional banking.

What You Should Know

ING is a major European bank. Its Q1 2026 filing reports net interest income at 69.64% of total income, debt at 85.13% and receivables plus cash at 70.91% of assets; core deposits, mortgages, lending and treasury remain conventional banking.

⚠️ Concerns

•Conventional deposits and lending
•69.64% reported net-interest ratio
•Treasury, trading and derivatives

Current quantitative Sharia screen

Based on Q1 2026 Press Release figures for the period ended 2026-03-31; calculated 2026-07-14.

EUR · millions

Interest-bearing debt / assets

85.13%Above limit

Below 33.333% under FTSE Yasaar

968,353 / 1,137,511

Cash + interest-bearing securities / assets

30.24%Within limit

Below 33.333% under FTSE Yasaar

344,007 / 1,137,511

Receivables + cash / assets

70.91%Above limit

Below 50% under FTSE Yasaar

806,630 / 1,137,511

Non-compliant income / revenue

69.64%Above limit

No more than 5% under FTSE Yasaar

4,055 / 5,823

Methodology	Financial	Overall	What drives it
FTSE Yasaar v4.6, February 2026	Fails	Fails	Debt is 85.13% of assets, liquidity is 30.24%, receivables plus cash are 70.91%, and net interest income is 69.64%; the examined limits are exceeded.
MSCI Islamic (total-assets series) October 2024 methodology	Fails	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	Fails	Fails	Debt exceeds the examined SAC ratio and the core conventional-bank activity fails independently; 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	Not calculated	Fails	Historical market-cap ratios are not stored; a different denominator cannot cure the failed conventional-banking activity.

FTSE Yasaar

v4.6, February 2026

Financial: Fails
Overall: Fails

Debt is 85.13% of assets, liquidity is 30.24%, receivables plus cash are 70.91%, and net interest income is 69.64%; the 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 exceeds the examined SAC ratio and the core conventional-bank activity fails independently; 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

ING is a Dutch universal bank. Conventional deposits, mortgages, consumer and commercial lending, payments, treasury and investment products are core operations; reported net interest income was 69.64% of Q1 total income.

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

Purification

Purification is not calculated because ING fails at the core conventional-banking activity level; the 69.64% net-interest ratio is evidence of failure, not a donation amount that makes ownership compliant.

Inputs, assumptions and primary sources

EUR millions from ING's consolidated 31 March 2026 balance sheet and Q1 income statement.
Interest-bearing funding includes deposits from banks, customer deposits, debt securities in issue and subordinated loans; fair-value trading liabilities are excluded.
Identifiable securities include trading assets, designated and mandatory FVTPL assets, debt securities at FVOCI and securities at amortised cost; non-trading derivatives are excluded. Loans and advances to customers are the receivables/financing-assets proxy.
Reported net interest income was EUR 4,055 million against EUR 5,823 million total income.

ING Groep N.V.: ING Group 1Q2026 Press Release FTSE Russell: FTSE Yasaar Global Equity Shariah Index Series Ground Rules MSCI: MSCI Islamic Index Series Methodology Securities Commission Malaysia: Shariah-Compliant Securities Screening Methodology

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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