LLOY
Lloyds Banking Group PLC
Is LLOY Halal?
UK bank — conventional banking.
What You Should Know
Lloyds is a UK retail and commercial bank. Its Q1 2026 filing reports net interest income at 67.19% of total income, while debt is 66.64% and receivables plus cash are 56.00% of assets; mortgages and lending are core conventional operations.
⚠️ Concerns
- •Mortgage and consumer lending
- •66.64% interest-bearing funding
- •67.19% reported net-interest ratio
Current quantitative Sharia screen
Based on Q1 2026 Interim Management Statement figures for the period ended 2026-03-31; calculated 2026-07-14.
645,166 / 968,125
336,196 / 968,125
548,328 / 968,125
3,483 / 5,184
- Financial
- Fails
- Overall
- Fails
Debt is 66.64% of assets, liquidity is 34.73%, receivables plus cash are 56.00%, and net interest income is 67.19%; the 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
Lloyds is a UK retail and commercial bank whose mortgages, consumer lending and deposit-taking are conventional interest-based operations. Net interest income was 67.19% of Q1 total income.
Limitation: The interim statement does not classify every fee, card, insurance, trading or subsidiary contract by Sharia status; conventional lending and disclosed net interest independently establish the activity concern.
Purification
Purification is not calculated because the core conventional-banking activity fails; the 67.19% net-interest ratio is evidence of failure, not a donation amount that makes ownership compliant.
Inputs, assumptions and primary sources
- GBP millions from Lloyds Banking Group's statutory 31 March 2026 summary balance sheet and income statement.
- Interest-bearing funding includes bank and customer deposits, repurchase agreements, debt securities in issue and subordinated liabilities.
- Identifiable securities include FVTPL and FVOCI financial assets; derivatives and the broad amortised-cost line are excluded. Underlying customer loans of GBP 486.2 billion are the receivables/financing-assets proxy.
- Statutory net interest income of GBP 3,483 million is used as the conservative non-compliant-income numerator against GBP 5,184 million 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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