Is Park National (PRK) stock Halal?

Park National is a financial holding company that operates primarily in the banking sector. Its main purpose is to provide a broad range of financial services through its subsidiaries, primarily focusing on traditional banking functions. These services include personal and business banking, mortgage and loan services, investment management, and trust services. Park National Corporation serves a diverse customer base, including individual consumers, small to medium-sized businesses, and larger corporations. Before any of that matters to a Muslim investor, one question comes first: is Park National stock Halal?

Is Park National Shariah compliant?

No. In the October 2026 screening Park National (PRK) does not pass AAOIFI screening: it fails the non-permissible income screen. 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 Park National, that distinction comes first, with the debt and investment ratios behind it.

Does Park National pass the business activity test?

The activity screen is only part of the picture this month: Park National currently fails the non-permissible income screen, 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 Park National's income Halal?

No. Park National'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 Park National meet AAOIFI's debt and investment ratio requirements?

Yes. Both caps hold this month: interest bearing investments and interest bearing debt each stay below 30% of market capitalisation, measured against a market capitalisation of $3.23B (market data as of 1 October 2026). Because the caps move with the share price, our Shariah Supervisory Board has PRK re-screened every month, and the result above always shows the latest verdict.

Why do other halal screeners show a different verdict for Park National?

Screeners can disagree without either being wrong. AAOIFI Shariah Standard No. 21, which Tabadulat applies, measures interest bearing debt and investments against market capitalisation with a 30% ceiling. MSCI and FTSE measure them against total assets with a 33% ceiling, and S&P and Dow Jones Islamic use a multi year average of market capitalisation. Data dates differ too, because each provider reads filings and prices on its own schedule. The same company can therefore pass one standard and fail another in the same month. Tabadulat publishes one answer, the AAOIFI result as of October 2026, and re-screens it every month.

Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.

New to the screening method? Read What is Riba? A Clear Guide for Ethical Muslim Investing