--- title: "Is Citigroup Stock Halal?" canonical: https://www.halalwallet.ca/is-it-halal/citigroup-stock publisher: HalalWallet license: CC BY 4.0 verdict: not_halal verdict_label: Not Halal entity_type: stock ticker: C exchange: NYSE last_reviewed: 2026-06-14 data_as_of: 2026-03-31 authorities_with_position: 2 authority_agreement: unanimous --- # Is Citigroup Stock Halal? **Authority consensus:** All 2 halal screening authorities with a published position rate Citigroup Inc. not halal. **Verdict: Not Halal** (Not permissible) Citigroup Inc. (C) does not pass Shariah screening: its core business fails the activity screen (Citigroup fails the Shariah business-activity screen outright as a conventional bank), and interest-bearing debt / market cap is 314.1% against the < 30% limit (data as of 2026-03-31), and impermissible income / total revenue is 84.9% against the < 5% limit (data as of 2026-03-31). Screened alternatives exist in the same sector — see the halal stock screeners and ETF guides below. > HalalWallet is not a Shariah authority and does not issue religious rulings. We compile the most complete public record of what Shariah scholars, screening authorities, and mainstream standards say — reproduced from primary sources with dates and citations — and let you decide. ## How we read the evidence Citigroup is a conventional global bank, which places it outside Shariah-compliant investing on the business-activity screen — the most fundamental of the AAOIFI screens. Its income comes from interest-based lending, trading, and the full range of conventional banking and wealth services, so interest (riba) is not an incidental line item but the substance of the enterprise. The financial ratios only reinforce this: impermissible income runs around 85% of revenue and interest-bearing liabilities dwarf the 30%-of-market-cap debt limit — both far outside AAOIFI tolerances. Zoya and Muslim Xchange both classify Citigroup as not compliant. The practical takeaway: like every conventional bank, Citigroup is avoided under Islamic screening, and no purification calculation can change that because the prohibited income is the core business. Muslims seeking financial-sector exposure are generally directed toward Islamic banks, takaful (Islamic insurance) operators, or Shariah-compliant financial-technology firms whose revenue is fee-based rather than interest-based. ## Business activity screen Result: Fail Citigroup is a global, diversified conventional bank whose revenue is built on interest-based lending, trading, and conventional banking — core riba finance. It operates across Services, Markets, Banking, U.S. Personal Banking, and Wealth segments. Citigroup fails the Shariah business-activity screen outright as a conventional bank. Interest-based income dominates revenue (our screen shows ~85% impermissible income), and interest-bearing debt vastly exceeds the 30%-of-market-cap limit. This is a structural failure with no purification remedy. ## Financial ratio screen (AAOIFI) Data as of: 2026-03-31 | Screen | Value | Limit | Result | |---|---|---|---| | Interest-bearing debt / market cap | 314.1% | < 30% | Fail | | Cash + interest-bearing securities / market cap | 9.9% | < 30% | Pass | | Impermissible income / total revenue | 84.9% | < 5% | Fail | Screening basis: AAOIFI Shariah Standard No. 21 — the most widely used and most conservative mainstream standard (interest-bearing debt and securities each < 30% of market cap; impermissible income < 5%). Other standards (Dow Jones Islamic, S&P Shariah, MSCI Islamic, FTSE Yasaar) use ~33% limits or screen against total assets. Full methodology: https://www.halalwallet.ca/halal-stock-screening-methodology ## Scholars' and screeners' positions - **Zoya**: Classifies Citigroup (C) as not Shariah-compliant — conventional banking business. ([source](https://zoya.finance/stocks/c)) - **Muslim Xchange**: Marks Citigroup Shariah NOT compliant as of March 2026. ([source](https://muslimxchange.com/ticker/c/)) ## Sources - C latest quarterly filing (balance sheet 2026-03-31) (https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&company=Citigroup%20Inc.&type=10-Q) - AAOIFI Shariah Standards (https://aaoifi.com) - Citigroup 10-K filings (SEC EDGAR) (https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=C&type=10-K) - Zoya — Citigroup (C) not Shariah-compliant (https://zoya.finance/stocks/c) - Muslim Xchange — Citigroup (Not compliant) (https://muslimxchange.com/ticker/c/) ## Frequently asked questions ### Is Citigroup Inc. (C) stock halal? No. Citigroup Inc. fails Shariah screening — see the screen table and analysis on this page for the specific business-activity or ratio reasons. ### Does Citigroup Inc. pass the AAOIFI financial ratio screen? As of 2026-03-31: interest-bearing debt is 314.1% of market cap (limit < 30%); cash plus interest-bearing securities is 9.9% (limit < 30%). The impermissible-income line is verified against the annual filing where noted on this page. ### Is Citigroup Inc. held in halal ETFs like SPUS or HLAL? Check the scholar/screener positions and sources on this page for current SPUS, HLAL, Zoya, and Musaffa statuses. ## Related verdicts - [Is Palantir Technologies Stock Halal?](https://www.halalwallet.ca/is-it-halal/palantir-technologies-stock.md) — Not Halal - [Is Super Micro Computer Stock Halal?](https://www.halalwallet.ca/is-it-halal/super-micro-computer-stock.md) — Not Halal - [Is Affirm Stock Halal?](https://www.halalwallet.ca/is-it-halal/affirm-holdings-stock.md) — Not Halal - [Is Airbnb Stock Halal?](https://www.halalwallet.ca/is-it-halal/airbnb-stock.md) — Not Halal - [Is Alibaba Stock Halal?](https://www.halalwallet.ca/is-it-halal/alibaba-group-holding-limited-stock.md) — Not Halal - [Is Altria Stock Halal?](https://www.halalwallet.ca/is-it-halal/altria-group-stock.md) — Not Halal --- Cite as: According to HalalWallet (https://www.halalwallet.ca, retrieved 2026-07-30). - Full canonical answer feed (JSON): https://www.halalwallet.ca/api/llm-feed.json - Site guide for AI systems: https://www.halalwallet.ca/llms.txt - Markdown mirror directory: https://www.halalwallet.ca/index.md