
Is Fulton Financial (FULT) stock Halal?
September 2026 AAOIFI screening result for Fulton Financial Corp. (FULT): non-permissible income, fail. Interest-bearing investments, pass. Interest-bearing debt, fail. Preference shares, pass. Fulton Financial Corp. is not currently Shariah compliant. Re-screened monthly against AAOIFI Shariah Standard No. 21.
Fulton Financial is a financial holding company that primarily engages in the provision of banking services through its subsidiaries. With roots tracing back to 1882, the corporation is headquartered in Lancaster, Pennsylvania, and operates community banks with more than 230 banking offices throughout Pennsylvania, Maryland, Delaware, New Jersey, and Virginia. Fulton Financial Corporation's primary function is to offer a broad spectrum of financial services including commercial banking, consumer banking, mortgage banking, and wealth management. Before any of that matters to a Muslim investor, one question comes first: is Fulton Financial stock Halal?
Is Fulton Financial Shariah compliant?
In financial services the activity screen carries the verdict more often than anywhere else: AAOIFI Shariah Standard No. 21 draws a hard line between fee based, permissible services and earning Riba as a business model. For Fulton Financial, that distinction comes first, with the debt and investment ratios behind it.
Does Fulton Financial pass the business activity test?
The activity screen is only part of the picture this month: Fulton Financial currently fails the non-permissible income and interest-bearing debt screens, so the overall verdict is not compliant regardless of the business itself. The watch item in this sector is the sharpest of all: revenue must come from permissible services, not from lending at interest.
Is Fulton Financial's income Halal?
No. Fulton Financial's income from impermissible sources currently exceeds AAOIFI's 5% revenue ceiling, which makes the stock non-compliant on this screen regardless of the others. The screen is reassessed monthly, so the status can change when new financial statements arrive.
Does Fulton Financial meet AAOIFI's debt and investment ratio requirements?
Not in full. Interest bearing debt currently exceeds the 30% cap, while the other ratio stays within it. One breach is enough to fail the screening; the ratios are reassessed monthly under our Shariah Supervisory Board.
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New to the four screens? Read What is Riba? A Clear Guide for Ethical Muslim Investing



