Is BankUnited (BKU) stock halal?
Screened against AAOIFI Shari’ah Standard 21
No. BankUnited (BKU) does not pass the AAOIFI Shari’ah Standard 21 screen. Its main business is conventional banking, lending or insurance (SEC industry code 6035 (Savings Institution, Federally Chartered)), which AAOIFI Shari’ah Standard 21 excludes (3/4/1). Last checked 18 September 2026.
BankUnited is not compliant under Halal / Islamic guidelines
AAOIFI Shari’ah Standard 21 Financial Audit
Figures from the latest annual report (the SEC filing or, for European companies, the ESEF annual report, where one exists, checked against Yahoo Finance) and a 36-month average market value.
| Test | Standard Limit | Actual Figure | Status |
|---|---|---|---|
| Main business | — | — | Fail |
| Interest-bearing debt | 30% | 70.06% | Review |
| Cash and interest-bearing investments | 30% | 705.75% | Review |
| Prohibited income | 5% | 163.99% | Fail |
| Not just cash and debts | 90% | 53.90% | Pass |
Key Findings & Observations
- Its main business is conventional banking, lending or insurance (SEC industry code 6035 (Savings Institution, Federally Chartered)), which AAOIFI Shari’ah Standard 21 excludes (3/4/1).Source: Business check
- The interest-bearing debt test couldn’t be settled: The figures give 11.9% and 70.1%, on either side of the limit. Includes lease liabilities that may be ordinary rent, which AAOIFI does not count as borrowing.Source: AAOIFI Shari'ah Standard 21
- The cash and interest-bearing investments test couldn’t be settled: The figures give 8.1% and 705.7%, on either side of the limit. Includes long-term investments that may be shares in other companies.Source: AAOIFI Shari'ah Standard 21
- Prohibited income, interest included, is 164.0% of total revenue. AAOIFI’s limit is 5% (Shari'ah Standard 21, 3/4/4).Source: AAOIFI Shari'ah Standard 21
- Provides interest‑bearing deposit and loan products (riba)Source: News Analyzer
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Frequently Asked Questions about BankUnited, Inc. (BKU)
Is BankUnited (BKU) stock halal?▾
No. BankUnited (BKU) does not pass the AAOIFI Shari’ah Standard 21 screen. Its main business is conventional banking, lending or insurance (SEC industry code 6035 (Savings Institution, Federally Chartered)), which AAOIFI Shari’ah Standard 21 excludes (3/4/1). Last checked 18 September 2026.
What is BankUnited's debt ratio under Islamic finance standards?▾
Under AAOIFI Shari’ah Standard 21, interest-bearing debt must stay under 30% of a company's 36-month average market value. BankUnited's ratio is about 70.1%.
How much dividend purification is required for BankUnited (BKU) stock?▾
BankUnited does not pass the screen, so purification does not apply: the standard does not permit holding it.
Does BankUnited operate in prohibited business activities?▾
AAOIFI Shari’ah Standard 21 excludes companies whose main business is prohibited, such as alcohol, pork, gambling, conventional interest-based finance and adult entertainment. BankUnited's main business is checked against these. For companies that file with the US SEC, revenue by division is also read from the filing, so a division in a prohibited business is counted. Where the check cannot be settled, the result is shown as Needs Review rather than guessed.
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