USB
U.S. Bancorp
Is USB Halal?
Regional bank with interest-based lending operations.
What You Should Know
U.S. Bancorp provides conventional commercial and consumer banking. Its March 31, 2026 Form 10-Q reports $700,998 million of assets, $79,220 million of interest-bearing debt, $48,420 million of cash, $168,906 million of investment securities, $395,078 million of loan receivables and $7,260 million of quarterly net revenue. Debt/assets is 11.30%, liquidity/assets is 31.00%, receivables-plus-cash/assets is 63.27% and net interest income is 58.72% of revenue; FTSE and MSCI asset screens fail and the banking core is non-compliant.
⚠️ Concerns
- •Banking operations are riba-based
- •Receivables-plus-cash/assets 63.27% exceeds examined limits
- •Commercial and consumer loans
- •Interest-bearing deposits
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
79,220 / 700,998
217,326 / 700,998
443,498 / 700,998
4,263 / 7,260
- Financial
- Fails
- Overall
- Fails
Debt/assets is 11.30%, liquidity/assets is 31.00%, receivables-plus-cash/assets is 63.27% and net interest income is 58.72% of revenue; the banking core also fails.
- Financial
- Fails
- Overall
- Fails
Receivables-plus-cash/assets is 63.27%, 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
U.S. Bancorp is a conventional commercial and consumer bank. Interest-bearing deposits, loans, mortgages, credit cards and related banking services are central to the business.
Limitation: The filing reports fee businesses alongside lending, but does not provide a scholar-approved permissible carve-out; the conventional banking core independently fails.
Purification
U.S. Bancorp discloses $4,263 million of net interest income, but purification cannot cure a direct core-business failure.
Inputs, assumptions and primary sources
- Amounts are USD millions from U.S. Bancorp's March 31, 2026 Form 10-Q.
- Interest-bearing debt includes $17,859 million of short-term borrowings and $61,361 million of long-term debt; customer deposits are client funding and are not counted as corporate debt.
- Cash is $48,420 million and held-to-maturity plus available-for-sale investment securities total $168,906 million; trading and restricted balances are excluded from this proxy.
- Accounts receivable use net loans of $392,150 million plus $2,928 million of loans held for sale; quarterly net revenue is $7,260 million and net interest income is $4,263 million.
- Commercial and consumer 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.
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