WFC
Wells Fargo & Co.
Is WFC Halal?
Conventional bank — disclosed net interest income is 56.40% of Q1 revenue and core lending is riba-based.
What You Should Know
Wells Fargo's March 31, 2026 Form 10-Q shows $2,205,752 million of assets, $1,942,000 million of interest-bearing funding and $12,096 million of net interest income against $21,446 million of quarterly revenue. The quantitative ratios and conventional banking activity fail the examined methodologies.
⚠️ Concerns
- •Interest-bearing banking operations
- •Mortgage and commercial lending
- •Consumer credit and card products
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
1,942,000 / 2,205,752
817,336 / 2,205,752
1,343,543 / 2,205,752
12,096 / 21,446
- Financial
- Fails
- Overall
- Fails
Interest-bearing funding is 88.05% of assets, identifiable conventional liquidity is 37.65%, and net interest income is 56.40% of revenue. Conventional banking independently fails.
- Financial
- Fails
- Overall
- Fails
Interest-bearing funding, identifiable liquidity and receivables-plus-cash exceed the examined total-assets limits; conventional banking independently fails.
- Financial
- Fails
- Overall
- Fails
Interest-bearing funding, identifiable liquidity and net interest income exceed the examined limits. This is a calculation against SAC ratios, not an official SAC classification.
- Financial
- Not calculated
- Overall
- Fails
Historical market-cap ratios are not stored; another denominator cannot cure the failed conventional-banking business activity.
Business-activity disclosure
Wells Fargo is a conventional retail, commercial and investment bank whose core activities include deposits, mortgages, consumer and commercial loans, credit cards, markets and wealth management. Net interest income alone was 56.40% of quarterly revenue, far above the examined 5% activity benchmark.
Limitation: The filing does not classify each fee, trading, card, mortgage or advisory contract by Sharia status. The core conventional-banking model and disclosed net interest income independently establish failure.
Purification
Purification is not calculated because Wells Fargo fails at the core business-activity level. The 56.40% net-interest figure establishes failure rather than a donation percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from Wells Fargo's March 31, 2026 Form 10-Q.
- Interest-bearing funding is a conservative aggregate of deposits, securities-financing liabilities, short-term borrowings and long-term debt.
- Identifiable interest-bearing assets include interest-bearing bank deposits, resale agreements and available-for-sale and held-to-maturity debt securities; trading assets are excluded.
- Receivables use loans and loan-related receivables together with cash and resale balances as a conservative screening input.
- Net interest income of $12,096 million is compared with $21,446 million of quarterly revenue as a directly disclosed minimum non-compliant business-revenue numerator.
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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