TFC
Truist Financial Corporation
Is TFC Halal?
Regional bank formed from BB&T and SunTrust merger with riba operations.
What You Should Know
Truist provides commercial, consumer and mortgage banking, wealth management and capital-markets services. Its March 31, 2026 Form 10-Q reports $548,975 million of assets, $69,063 million of interest-bearing debt, $4,294 million of cash, $137,816 million of identifiable interest-bearing securities, $330,433 million of financing receivables and $5,152 million of quarterly net revenue. Debt/assets is 12.58%, liquidity/assets is 25.89%, receivables-plus-cash/assets is 60.97% and net interest income is 69.86% of revenue; FTSE and MSCI asset screens fail and the banking core is non-compliant.
⚠️ Concerns
- •Banking is riba-based
- •Receivables-plus-cash/assets 60.97% exceeds examined limits
- •Mortgage and commercial lending
- •Investment banking and trading
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
69,063 / 548,975
142,110 / 548,975
334,727 / 548,975
3,599 / 5,152
- Financial
- Fails
- Overall
- Fails
Debt/assets is 12.58%, liquidity/assets is 25.89%, receivables-plus-cash/assets is 60.97% and net interest income is 69.86% of revenue; the banking core also fails.
- Financial
- Fails
- Overall
- Fails
Receivables-plus-cash/assets is 60.97%, above the examined MSCI limit; the conventional banking business fails independently.
- Financial
- Pass
- Overall
- Fails
Debt/assets and liquidity/assets are below the examined Malaysia limits, but the conventional banking core fails; this is not an official classification.
- Financial
- Not calculated
- Overall
- Fails
Market-cap methods are not calculated; the direct banking business independently prevents a pass.
Business-activity disclosure
Truist is a conventional regional bank providing commercial, consumer and mortgage lending, deposits, payments, wealth management and capital-markets services. Interest-based banking is central to the group.
Limitation: The filing reports fee-based segments alongside lending, but does not provide a scholar-approved permissible carve-out; the conventional banking core independently fails.
Purification
Truist discloses $3,599 million of net interest income, but purification cannot cure a direct core-business failure.
Inputs, assumptions and primary sources
- Amounts are USD millions from Truist's March 31, 2026 Form 10-Q.
- Interest-bearing debt includes $27,441 million of short-term borrowings and $41,622 million of long-term debt; customer deposits are client funding and are not counted as corporate debt.
- Cash is $4,294 million. Interest-bearing deposits with banks, AFS and HTM securities, and securities borrowed or purchased under agreements to resell total $137,816 million for the identifiable securities proxy.
- Accounts receivable include net loans and leases, loans held for sale, and securities borrowed or purchased under agreements to resell, totaling $330,433 million; quarterly net revenue is $5,152 million and net interest income is $3,599 million.
- Commercial, consumer and mortgage banking, deposits and lending are treated as a direct business-activity failure; this is not an official classification.
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 →