Is United Community Banks (UCB) stock halal?
Screened against AAOIFI Shari’ah Standard 21
No. United Community Banks (UCB) does not pass the AAOIFI Shari’ah Standard 21 screen. Its main business is conventional banking, lending or insurance (SEC industry code 6022 (State Commercial Banks)), which AAOIFI Shari’ah Standard 21 excludes (3/4/1). Last checked 18 September 2026.
United Community Banks 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% | 5.64% | Pass |
| Cash and interest-bearing investments | 30% | 255.57% | Review |
| Prohibited income | 5% | — | Review |
| Not just cash and debts | 90% | 33.52% | Pass |
Key Findings & Observations
- Its main business is conventional banking, lending or insurance (SEC industry code 6022 (State Commercial Banks)), which AAOIFI Shari’ah Standard 21 excludes (3/4/1).Source: Business check
- The cash and interest-bearing investments test couldn’t be settled: The figures give 10.9% and 255.6%, on either side of the limit. Includes long-term investments that may be shares in other companies.Source: AAOIFI Shari'ah Standard 21
- The prohibited income test couldn’t be settled: Yahoo reports interest income of $1.4B, more than the company’s cash, investments and receivables could earn at 10% ($938.7M), so that figure was set aside. So the income test can’t be settled.Source: AAOIFI Shari'ah Standard 21
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Frequently Asked Questions about United Community Banks, Inc. (UCB)
Is United Community Banks (UCB) stock halal?▾
No. United Community Banks (UCB) does not pass the AAOIFI Shari’ah Standard 21 screen. Its main business is conventional banking, lending or insurance (SEC industry code 6022 (State Commercial Banks)), which AAOIFI Shari’ah Standard 21 excludes (3/4/1). Last checked 18 September 2026.
What is United Community Banks'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. United Community Banks's ratio is about 5.6%.
How much dividend purification is required for United Community Banks (UCB) stock?▾
United Community Banks does not pass the screen, so purification does not apply: the standard does not permit holding it.
Does United Community Banks 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. United Community Banks'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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