STT
State Street Corporation
Is STT Halal?
Conventional bank and asset manager with structural interest, lending and securities-finance activities.
What You Should Know
State Street's March 31, 2026 Form 10-Q reports approximately $392,170 million of assets, $30,183 million of debt and short-term borrowing proxies, $6,518 million of cash and $108,377 million of investment securities. Quarterly revenue was $3,796 million, including $2,651 million of interest income and $835 million of net interest income. The chartered-bank model, securities lending and conventional fixed-income portfolio fail the mainstream business-activity screen; bank ratios are shown only as contextual proxies, not as an industrial-company certification.
⚠️ Concerns
- •Core business is conventional banking with net interest income
- •Securities lending, repo and short-term financing are riba-based
- •Investment securities total approximately $108.4 billion
- •Bank balance-sheet ratios do not map cleanly to industrial-company tests
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
30,183 / 392,170
114,895 / 392,170
6,518 / 392,170
2,651 / 3,796
- Financial
- Fails
- Overall
- Fails
The conservative interest-income proxy is 69.85% of revenue, above the examined income limit; the conventional-bank business screen independently fails. Bank ratio proxies should not be read as an industrial-company certification.
- Financial
- Pass
- Overall
- Fails
Debt and liquidity proxies are below the examined total-assets limits, but a conventional bank independently fails the business-activity screen; this is not an index-membership claim.
- Financial
- Pass
- Overall
- Fails
The proxy ratios are below the examined SAC limits, but those industrial-company tests are not designed to turn a conventional bank into a compliant issuer; the business screen fails.
- Financial
- Not calculated
- Overall
- Fails
A licensed reproducible historical market-cap series is not stored, and a different denominator cannot cure the direct conventional-bank failure.
Business-activity disclosure
State Street is a conventional bank holding company operating custody, deposits, securities finance, lending, trading and investment-management businesses. Net interest income, interest-bearing deposits and securities finance are structural parts of the business and are classified as riba-based under the mainstream screening position.
Limitation: Bank balance sheets do not map cleanly onto industrial-company ratios, but the chartered banking model and disclosed interest income are sufficiently clear for a business-screen failure.
Purification
Purification is not calculated because the issuer fails the conventional-bank business screen. Total interest income is shown as a conservative screening input, not as a percentage that makes a bank permissible.
Inputs, assumptions and primary sources
- Amounts are USD millions from State Street's March 31, 2026 Form 10-Q.
- Total assets are reported as approximately 392.17 billion; cash and due from banks are 6,518.
- Interest-bearing debt proxy includes long-term debt of 25,233, other short-term borrowings of 3,981 and repurchase agreements of 969; bank deposits are not treated as corporate debt.
- Interest-bearing securities are available-for-sale securities of 71,645 plus held-to-maturity securities of 36,732. Quarterly revenue is 3,796 and total interest income is 2,651.
- Receivables are not a comparable industrial-company line for a bank, so the input is zero and the proxy limitation is disclosed.
- The conventional bank and securities-finance business is treated as a direct business-screen failure; the income proxy is conservative and not a purification prescription.
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 →