Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is Capital One Financial Corporation (COF) Halal?

FAIL

Capital One Financial Corporation · NYSE: COF · Financials

The short answer

No — Capital One Financial (COF) fails this Shariah stock screen. The McLean, Virginia company is a conventional bank: its core business is interest-based lending through credit card, consumer banking and commercial banking segments (plus the Discover global payment network acquired in May 2025), with total assets of $673.8B at June 30, 2026. It fails at the first gate — interest-based lending is the business model, not a side activity. The ratios fail too: interest-bearing borrowings of $45,371M are 38.07% of its ~$119.19B market cap (October 2026, MarketBeat), above the ~33% ceiling, and FY2025 net interest income of $42,878M is 80.24% of total net revenue ($53,434M), far above the 5% ceiling. Zoya covers COF and flags it not Shariah-compliant. This is a factual screen, not a religious ruling — consult a qualified scholar for personal rulings.

Gate 1 — Business activity: FAIL

Capital One Financial Corporation (NYSE: COF), headquartered in McLean, Virginia, is a conventional bank holding company whose core business is interest-based lending. Its three reportable business segments are Credit Card (domestic and international card lending, including the acquired Discover franchise), Consumer Banking (auto lending and retail deposits), and Commercial Banking (commercial lending), plus a Global Payment Network built on the Discover acquisition completed May 18, 2025 (Brex acquisition closed April 7, 2026). At June 30, 2026 the company reported $673.8B in total assets and $484.3B in deposits. There is no material non-lending segment — interest income is the business model. Business-screen implication (factual): conventional banking/lending is conventional finance activity — interest (riba)-based revenue. Gate 1 fails. Facts only.

Gate 2 — Debt and cash: FAIL

Per the Q2 2026 balance sheet (announced July 21, 2026; SEC CIK 927628), at June 30, 2026 Capital One carried securitized debt obligations of $8,502M and total other debt of $36,869M (federal funds purchased and securities loaned $694M + senior and subordinated notes $35,620M + other borrowings $555M) — total interest-bearing borrowings of $45,371M, stated here excluding customer deposits of $484,257M. Against a market cap of about $119.19B (MarketBeat, October 1, 2026), debt ÷ market cap is 38.07% — above the ~33% ceiling. Cash and investment securities of $147,492M ($54,714M cash and cash equivalents + $92,778M investment securities) are about 123.75% of market cap, also above 33%. The debt gate fails. Facts only.

Gate 3 — Non-compliant income: FAIL

Capital One's Q4 2025 earnings release (filed January 22, 2026; SEC CIK 927628) reports FY2025 net interest income of $42,878M against FY2025 total net revenue of $53,434M (non-interest income $10,556M) — net interest income is about 80.24% of revenue, far above the 5% non-compliant income ceiling. Net interest income is the company's interest-earning activity (credit-card, auto and commercial lending); its core revenue model is interest. Zoya's own COF page cites $58,696M of interest income (84.76%) against $69,252M revenue for the fiscal year ended December 31, 2025. The income gate fails. Facts only.

Key figures used

Frequently asked questions

What does Capital One do?

Capital One Financial Corporation (NYSE: COF), headquartered in McLean, Virginia, is a conventional bank holding company whose core business is interest-based lending. Its three reportable business segments are Credit Card (domestic and international card lending, including the acquired Discover franchise), Consumer Banking (auto lending and retail deposits), and Commercial Banking (commercial lending), plus a Global Payment Network built on the Discover acquisition completed May 18, 2025. The Brex acquisition closed April 7, 2026. At June 30, 2026, the company reported $673.8B in total assets and $484.3B in deposits. There is no material non-lending segment — interest income is the business model.

Why does COF fail this Shariah stock screen?

COF fails this Shariah stock screen at all three gates. Gate 1 (business activities): Capital One is a conventional bank — its revenue model is interest-based lending across credit card, consumer banking and commercial banking segments; this is conventional finance activity. Gate 2 (debt): at June 30, 2026, interest-bearing borrowings (securitized debt obligations $8,502M + other debt $36,869M, excluding deposits) total $45,371M, which is 38.07% of its ~$119.19B market cap (October 2026, MarketBeat), above the ~33% ceiling. Gate 3 (interest income): FY2025 net interest income of $42,878M is 80.24% of total net revenue ($53,434M), far above the 5% ceiling. This is a factual screen, not a religious ruling — consult a qualified scholar for personal rulings.

What is COF's interest-bearing debt ratio?

Per the Q2 2026 balance sheet (announced July 21, 2026; SEC CIK 927628), at June 30, 2026 Capital One carried securitized debt obligations of $8,502M and total other debt of $36,869M (federal funds purchased and securities loaned $694M + senior and subordinated notes $35,620M + other borrowings $555M) — total interest-bearing borrowings of $45,371M, stated here excluding customer deposits of $484,257M. Against a market cap of about $119.19B (MarketBeat, October 1, 2026), debt ÷ market cap is 38.07% — above the ~33% ceiling. Cash and investment securities of $147,492M ($54,714M cash and cash equivalents + $92,778M investment securities) are about 123.75% of market cap, also above 33%. The debt gate fails.

What is COF's non-compliant income ratio?

Capital One's Q4 2025 earnings release (filed January 22, 2026; SEC CIK 927628) reports FY2025 net interest income of $42,878M against FY2025 total net revenue of $53,434M (non-interest income $10,556M) — net interest income is about 80.24% of revenue, far above the 5% non-compliant income ceiling. Net interest income is the company's interest-earning activity (credit-card, auto and commercial lending); its core revenue model is interest. Zoya's own COF page cites $58,696M of interest income (84.76%) against $69,252M revenue for the fiscal year ended December 31, 2025. The income gate fails.

Do Zoya, Musaffa, or ShariaPortfolio cover COF?

Zoya covers COF (zoya.finance/stocks/cof; updated October 2026) and flags Capital One as not Shariah-compliant, citing interest income of $58,696M (84.76% of $69,252M revenue) for the fiscal year ended December 31, 2025. Musaffa: no COF page was found via public search — no coverage found. ShariaPortfolio: no COF entry found — no coverage found. All honestly reported as found, not invented. This page applies the screen directly from Capital One's own filings.

Sources

Screened 2026-10-01 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).