Is OFG Bancorp OFG stock halal to invest in?

No, as of August 2026, OFG Bancorp stock (OFG) 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. OFG Bancorp currently does not meet the threshold for the non-permissible income and interest-bearing investments screens. 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 OFG Bancorp and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is OFG Bancorp OFG reviewed for Shariah compliance?

Tabadulat reviews OFG Bancorp OFG 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 Monthly screening ensures the status shown for OFG Bancorp reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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 OFG Bancorp OFG pass the AAOIFI Non Permissible Income criteria?

No, as of August 2026, OFG Bancorp stock (OFG) 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. OFG Bancorp'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 OFG Bancorp OFG pass the AAOIFI Interest Bearing Investments criteria?

No, as of August 2026, OFG Bancorp stock (OFG) does not pass 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. OFG Bancorp's interest-bearing investments currently exceed this 30% limit, meaning too large a share of the company's value derives from riba-based instruments for the stock to qualify as halal on this criterion. The ratio moves with both the balance sheet and the share price, and is reassessed monthly.

Does OFG Bancorp OFG pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, OFG Bancorp stock (OFG) 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. OFG Bancorp'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 OFG Bancorp OFG stock?

OFG Bancorp (OFG) 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 OFG Bancorp returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does OFG Bancorp OFG pass the AAOIFI Preference Share screen?

Yes, as of August 2026, OFG Bancorp stock (OFG) 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. OFG Bancorp 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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OFG Bancorp

NYSE

Shariah-Compliant

Not Shariah

OFG

About

OFG Bancorp

OFG

OFG Bancorp is a financial holding company that provides a diverse range of banking and related services primarily in Puerto Rico. The company's key function is to deliver comprehensive financial solutions through its various subsidiaries, with a focus on consumer, commercial, and institutional customers. OFG Bancorp's offerings include retail banking products like savings and checking accounts, mortgage and personal loans, as well as commercial and industrial loans for businesses. Moreover, the company is instrumental in supporting the local economy by facilitating capital access and financial planning, playing a pivotal role in Puerto Rico's banking sector. As a provider of investment services and wealth management, OFG Bancorp aids its clientele in achieving financial stability and growth. Its presence in the market is marked by a commitment to innovation and customer service, contributing significantly to the region's financial infrastructure and underscoring its importance in the financial markets of Puerto Rico.

Sector:

Financial Services

Industry:

Banks - Regional

Employees:

2217

Website:

https://www.ofgbancorp.com

OFG

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OFG Bancorp

About

OFG Bancorp

OFG

Frequently asked questions

Is OFG Bancorp OFG stock halal to invest in?

How often is OFG Bancorp OFG reviewed for Shariah compliance?

Does OFG Bancorp OFG pass the AAOIFI Non Permissible Income criteria?

Does OFG Bancorp OFG pass the AAOIFI Interest Bearing Investments criteria?

Does OFG Bancorp OFG pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for OFG Bancorp OFG stock?

Does OFG Bancorp OFG pass the AAOIFI Preference Share screen?

Can I buy OFG Bancorp (OFG) stock on Tabadulat?

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