Is Wells Fargo & Co. WFC stock halal to invest in?

No, as of August 2026, Wells Fargo & Co. stock (WFC) 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. Wells Fargo & Co. 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 Wells Fargo & Co. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Wells Fargo & Co. WFC reviewed for Shariah compliance?

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 Monthly screening ensures the status shown for Wells Fargo & Co. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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

No, as of August 2026, Wells Fargo & Co. stock (WFC) 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. Wells Fargo & Co.'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 Wells Fargo & Co. WFC pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Wells Fargo & Co. stock (WFC) 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). Wells Fargo & Co.'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 Wells Fargo & Co. WFC pass the AAOIFI Interest Bearing Debt criteria?

No, as of August 2026, Wells Fargo & Co. stock (WFC) 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. Wells Fargo & Co.'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 Wells Fargo & Co. WFC stock?

Wells Fargo & Co. (WFC) 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 Wells Fargo & Co. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Wells Fargo & Co. WFC pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Wells Fargo & Co. stock (WFC) 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. Wells Fargo & Co. 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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Wells Fargo & Co.

NYSE

Shariah-Compliant

Not Shariah

WFC

About

Wells Fargo & Co.

WFC

Wells Fargo & Co. is a diversified financial services company providing a wide array of banking, investment, mortgage, and consumer and commercial finance services. Operating predominantly in the United States, Wells Fargo plays a crucial role in the financial market by offering retail and commercial banking, which includes savings accounts, credit and loans, and payment solutions. Known for its strong retail banking presence, Wells Fargo also extends its reach through wealth and investment management services, enabling clients to gain tailored financial advice and asset management. Beyond core banking operations, Wells Fargo’s influence spans several sectors, notably real estate and consumer finance, contributing significantly to economic development and customer liquidity accessibility. The bank's commitment to providing financial education and resources aims to empower communities and foster economic resilience. As a major player in the financial industry, Wells Fargo maintains a key position in both national and global banking landscapes, facilitating critical financial transactions and services that support a wide range of client needs.

Sector:

Financial Services

Industry:

Banks - Diversified

Employees:

210821

Website:

https://www.wellsfargo.com

WFC

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Wells Fargo & Co.

About

Wells Fargo & Co.

WFC

Frequently asked questions

Is Wells Fargo & Co. WFC stock halal to invest in?

How often is Wells Fargo & Co. WFC reviewed for Shariah compliance?

Does Wells Fargo & Co. WFC pass the AAOIFI Non Permissible Income criteria?

Does Wells Fargo & Co. WFC pass the AAOIFI Interest Bearing Investments criteria?

Does Wells Fargo & Co. WFC pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Wells Fargo & Co. WFC stock?

Does Wells Fargo & Co. WFC pass the AAOIFI Preference Share screen?

Can I buy Wells Fargo & (WFC) stock on Tabadulat?

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