Is WFC (Wells Fargo & Co.) halal?

Q: Is WFC (Wells Fargo & Co.) halal?

HARAM: Major bank — core business is riba-based lending. Wells Fargo is a retail and commercial bank. Like all conventional banks, its primary income is from interest (riba), making it impermissible under Sharia.

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WFC

Wells Fargo & Co.

HARAM

Score: 5/100

stock

Is WFC Halal?

Major bank — core business is riba-based lending.

What You Should Know

Wells Fargo is a retail and commercial bank. Like all conventional banks, its primary income is from interest (riba), making it impermissible under Sharia.

⚠️ Concerns

•Interest-based banking operations
•Mortgage lending
•Consumer credit

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