STAN
Standard Chartered PLC
Is STAN Halal?
Global bank — conventional operations dominate.
What You Should Know
Standard Chartered offers some Islamic-finance products, but its consolidated Q1 2026 filing shows conventional banking remains core: reported net interest income was 25.94% of USD 5.902bn total operating income, with debt at 67.97% and liquidity at 45.19% of assets.
⚠️ Concerns
- •Conventional deposits and lending
- •25.94% reported net-interest ratio
- •Treasury, derivatives and securities financing
Current quantitative Sharia screen
Based on Q1 2026 Press Release figures for the period ended 2026-03-31; calculated 2026-07-14.
661,268 / 972,907
439,615 / 972,907
364,808 / 972,907
1,531 / 5,902
- Financial
- Fails
- Overall
- Fails
Debt is 67.97% of assets, liquidity is 45.19%, receivables plus cash are 37.50%, and net interest income is 25.94%; 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
Standard Chartered is a global conventional bank. Reported net interest income was 25.94% of Q1 total operating income, and conventional deposits, lending, treasury and securities activity are core despite some Islamic-finance products.
Limitation: The release does not classify every fee, trading, subsidiary or contract by Sharia status; the disclosed bank model and reported net interest income independently establish the activity concern.
Purification
Purification is not calculated because the core conventional-banking activity fails; the 25.94% net-interest ratio is evidence of failure, not a donation amount that makes ownership compliant.
Inputs, assumptions and primary sources
- USD millions from Standard Chartered's consolidated 31 March 2026 balance sheet and income statement.
- Interest-bearing funding includes bank and customer accounts, repurchase/secured borrowing, debt securities in issue and subordinated liabilities.
- Interest-bearing securities include FVTPL and investment securities; derivatives are excluded. Customer loans are the conservative receivables/financing-assets proxy.
- Reported net interest income of USD 1,531 million is used as the conservative non-compliant-income numerator against USD 5,902 million total operating 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.
Similar Stocks
Want to screen more assets?
Use our interactive Halal Checker to screen any stock, ETF, or crypto instantly.
Go to Halal Checker →