Is Old National Bancorp ONB stock halal to invest in?

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

How often is Old National Bancorp ONB reviewed for Shariah compliance?

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 Monthly screening ensures the status shown for Old National Bancorp reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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

No, as of August 2026, Old National Bancorp stock (ONB) 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. Old National 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 Old National Bancorp ONB pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Old National Bancorp stock (ONB) 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). Old National Bancorp'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 Old National Bancorp ONB pass the AAOIFI Interest Bearing Debt criteria?

No, as of August 2026, Old National Bancorp stock (ONB) does not pass 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. Old National Bancorp's interest-bearing debt currently exceeds this 30% limit, meaning the company relies on riba-based financing beyond the level AAOIFI permits for a halal investment. A company can return to compliance by reducing debt or through changes in market capitalisation, and the screen is reassessed monthly.

What is the dividend purification factor for Old National Bancorp ONB stock?

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

Does Old National Bancorp ONB pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Old National Bancorp stock (ONB) 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. Old National 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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Old National Bancorp

NASDAQ

Shariah-Compliant

Not Shariah

ONB

About

Old National Bancorp

ONB

Old National Bancorp is a regional financial services institution that provides a comprehensive array of banking solutions. As a bank holding company headquartered in Evansville, Indiana, it offers traditional consumer banking services such as savings and checking accounts, as well as personal loans and credit facilities. Additionally, the company provides commercial banking services tailored for small to medium-sized enterprises, including commercial lending, treasury management, and leasing services. Old National Bancorp is noted for its strong regional presence throughout the Midwest, with a network of branches that emphasize personalized service and community engagement. This entity plays a critical role in fostering local economic development by supporting community businesses and funding growth projects. Furthermore, Old National Bancorp's expansion through strategic mergers and acquisitions has enhanced its footprint, enabling it to offer more diversified financial products. The institution's focus on risk management and innovation ensures its commitment to providing safe and modern banking solutions for its customers, underscoring its significance in the regional financial market landscape.

Sector:

Financial Services

Industry:

Banks - Regional

Employees:

5313

Website:

https://www.oldnational.com

ONB

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Old National Bancorp

About

Old National Bancorp

ONB

Frequently asked questions

Is Old National Bancorp ONB stock halal to invest in?

How often is Old National Bancorp ONB reviewed for Shariah compliance?

Does Old National Bancorp ONB pass the AAOIFI Non Permissible Income criteria?

Does Old National Bancorp ONB pass the AAOIFI Interest Bearing Investments criteria?

Does Old National Bancorp ONB pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Old National Bancorp ONB stock?

Does Old National Bancorp ONB pass the AAOIFI Preference Share screen?

Can I buy Old National Bancorp (ONB) stock on Tabadulat?

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