Is Amalgamated Financial Corp. AMAL stock halal to invest in?

No, as of August 2026, Amalgamated Financial Corp. stock (AMAL) is not currently classified as a Shariah compliant stock. This verdict follows the screening methodology of AAOIFI (the Accounting and Auditing Organization for Islamic Financial Institutions), whose Shariah Standard No. 21 is the leading global benchmark for screening halal stocks. To qualify as halal under this standard, a company must keep non-permissible income below 5% of total revenue, keep both interest-bearing investments and interest-bearing debt below 30% of market capitalisation, and have no impermissible preference share structure. Amalgamated Financial Corp. currently does not meet the threshold for the non-permissible income screen. Because screenings are refreshed monthly as new financial reports are published, a non-compliant stock can regain compliant status if its financial structure changes. You can track the latest status of Amalgamated Financial Corp. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Amalgamated Financial Corp. AMAL reviewed for Shariah compliance?

Tabadulat reviews Amalgamated Financial Corp. AMAL for Shariah compliance every month. Each review applies the AAOIFI Shariah Standard No. 21 methodology, screening the company's business activities, non-permissible income, interest-bearing investments, interest-bearing debt, and preference shares, against the company's latest available financial data. The process operates under the direct supervision of Tabadulat's dedicated Shariah Supervisory Board of Islamic finance scholars. Because compliance depends on financial ratios that move with market capitalisation and reported results, a stock's status can change from one review to the next. Monthly screening ensures the status shown for Amalgamated Financial Corp. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.

Does Amalgamated Financial Corp. AMAL pass the AAOIFI Non Permissible Income criteria?

No, as of August 2026, Amalgamated Financial Corp. stock (AMAL) does not pass the AAOIFI non-permissible income screen. Under AAOIFI Shariah Standard No. 21, income from impermissible sources (such as interest or riba, conventional financial services, alcohol, gambling, or tobacco) must remain below 5% of a company's total revenue. Amalgamated Financial Corp.'s income from non-permissible sources currently exceeds this 5% ceiling, which makes the stock non-compliant on this criterion regardless of how it performs on the other screens. The screen is reassessed monthly, so the status can change when the company releases new financial statements.

Does Amalgamated Financial Corp. AMAL pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Amalgamated Financial Corp. stock (AMAL) passes the AAOIFI interest-bearing investments screen. Under AAOIFI Shariah Standard No. 21, the cash a company places in interest-earning instruments (such as conventional deposits, bonds, treasury bills and money-market funds) must remain below 30% of its market capitalisation. This limit ensures shareholders are not materially profiting from riba (interest). Amalgamated Financial Corp.'s interest-bearing investments are currently within the 30% threshold. Because the ratio is measured against market capitalisation, it can move with the share price as well as the balance sheet, which is why Tabadulat rescreens the stock every month.

Does Amalgamated Financial Corp. AMAL pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, Amalgamated Financial Corp. stock (AMAL) passes the AAOIFI interest-bearing debt screen. Under AAOIFI Shariah Standard No. 21, a company's borrowings that accrue interest (conventional bank loans, bonds and similar riba-based financing) must remain below 30% of its market capitalisation. This cap limits shareholders' exposure to interest-based leverage. Amalgamated Financial Corp.'s interest-bearing debt is currently within the 30% threshold. Because market capitalisation changes daily, a company's debt ratio can drift toward or away from the limit even without new borrowing, which is why this screen is reassessed every month.

What is the dividend purification factor for Amalgamated Financial Corp. AMAL stock?

Amalgamated Financial Corp. (AMAL) is currently classified as not Shariah compliant, so no dividend purification factor applies, because purification factors are calculated only for stocks that pass the AAOIFI screens. Purification (tazkiyah) is the practice of donating to charity the small portion of dividend income that stems from incidental non-permissible sources, such as interest earned on a compliant company's cash deposits. For non-compliant stocks the issue is not purification but eligibility: under AAOIFI Shariah Standard No. 21 the stock does not currently qualify as a halal investment. If Amalgamated Financial Corp. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Amalgamated Financial Corp. AMAL pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Amalgamated Financial Corp. stock (AMAL) passes the AAOIFI preference share screen. AAOIFI Shariah Standard No. 21 prohibits investing in preference shares because they grant holders guaranteed or priority rights to dividends and capital ahead of ordinary shareholders, a structure that conflicts with the Shariah principle that investors should share profit and loss in proportion to their ownership. Amalgamated Financial Corp. has no impermissible preference share structure affecting its ordinary shares, so the stock is compliant on this criterion. Like all AAOIFI screens, this is verified in each monthly review.

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Amalgamated Financial Corp.

NASDAQ

Shariah-Compliant

Not Shariah

AMAL

About

Amalgamated Financial Corp.

AMAL

Amalgamated Financial Corp. is a holding company that primarily operates through its subsidiary, Amalgamated Bank, which offers a wide range of financial products and services. Serving as America's largest socially responsible bank, Amalgamated focuses on providing comprehensive banking solutions while aligning with values-driven banking principles. The bank's primary function is to support commercial and retail banking customers, providing services such as checking and savings accounts, loans, and investment advisory solutions. Amalgamated Financial Corp. plays a significant role in financing sectors like renewable energy, education, and nonprofit organizations, all while emphasizing sustainability and social impact. The company’s unique commitment to social responsibility distinguishes it in the financial sector, drawing clients interested in ethical banking practices. With its headquarters in New York City, Amalgamated Financial Corp. continues to expand its influence through strategic acquisitions and embracing transformative digital banking technologies. This focus has placed it prominently within the niche market of socially-conscious financial institutions, seeking to innovate while adhering to its foundational values.

Sector:

Financial Services

Industry:

Banks - Regional

Employees:

429

Website:

https://www.amalgamatedbank.com

AMAL

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Amalgamated Financial Corp.

About

Amalgamated Financial Corp.

AMAL

Frequently asked questions

Is Amalgamated Financial Corp. AMAL stock halal to invest in?

How often is Amalgamated Financial Corp. AMAL reviewed for Shariah compliance?

Does Amalgamated Financial Corp. AMAL pass the AAOIFI Non Permissible Income criteria?

Does Amalgamated Financial Corp. AMAL pass the AAOIFI Interest Bearing Investments criteria?

Does Amalgamated Financial Corp. AMAL pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Amalgamated Financial Corp. AMAL stock?

Does Amalgamated Financial Corp. AMAL pass the AAOIFI Preference Share screen?

Can I buy Amalgamated Financial (AMAL) stock on Tabadulat?

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