Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is Citigroup Inc. (C) Halal?

FAIL

Citigroup Inc. · NYSE: C · Financials

The short answer

No — Citigroup Inc. (C) fails this Shariah stock screen at the business-activity gate. It is a conventional global bank and diversified financial services holding company (Services, Markets, Banking, U.S. Personal Banking, Wealth): interest-based banking, lending, trading and investment banking are its core business, and conventional financial services are a prohibited industry under AAOIFI-style business screens, excluded outright. The numbers confirm it: FY2025 interest income of $142,864M is about 84.89% of combined revenue ($168,302M), versus a 5% non-compliant-income ceiling. The debt gate is not assessed for a bank (borrowings and deposits are operating liabilities). Zoya rates C not Shariah-compliant; no verifiable Musaffa or ShariaPortfolio rating for Citigroup was found — honestly reported as absent, not invented.

Gate 1 — Business activity: FAIL

Citigroup Inc. (NYSE: C), founded in 1812 and headquartered in New York, New York, is a diversified financial services holding company providing financial products and services to consumers, corporations, governments and institutions worldwide. Per its filings it operates through five core segments: Services (Treasury and Trade Solutions, Securities Services), Markets (sales and trading across equities, foreign exchange, rates, spread products and commodities), Banking (investment banking, advisory, corporate lending), U.S. Personal Banking (branded cards and retail banking) and Wealth (Private Bank, Wealth at Work, Citigold). It employs about 226,000 people. Business-screen implication (factual): under AAOIFI-style screens, conventional financial services are a prohibited industry excluded outright — the Fiqh Council of North America explicitly lists "Conventional financial services (banks, insurance, etc)" among excluded businesses. Interest-based banking, lending, trading and investment banking are Citigroup's core business. Gate 1 fails. Facts only.

Gate 2 — Debt and cash: Not assessed — business gate decisive

Not assessed — the business gate is decisive. For a bank, borrowings and deposits are operating liabilities, not corporate borrowing, so a debt-to-market-cap ratio is not meaningful. The screen already fails at Gate 1. Facts only.

Gate 3 — Non-compliant income: FAIL

Zoya's page cites Citigroup's FY2025 annual report (fiscal year ended December 31, 2025): interest income of $142,864,000,000 against combined revenue of $168,302,000,000 — about 84.89% of revenue, massively above the 5% non-compliant income ceiling. (Its page also renders the usual contradictory "$0 interest income" template block; the 10-K-sourced figure is authoritative.) This is the expected profile of a conventional bank and confirms the Gate 1 business-screen failure. Gate 3 fails. Facts only.

Key figures used

Frequently asked questions

What does Citigroup do?

Citigroup Inc. (NYSE: C), founded in 1812 and headquartered in New York, New York, is a diversified financial services holding company providing financial products and services to consumers, corporations, governments and institutions worldwide. Per its filings it operates through five core segments: Services (Treasury and Trade Solutions, Securities Services), Markets (sales and trading across equities, foreign exchange, rates, spread products and commodities), Banking (investment banking, advisory, corporate lending), U.S. Personal Banking (branded cards and retail banking) and Wealth (Private Bank, Wealth at Work, Citigold). It employs about 226,000 people.

Why does Citigroup fail this Shariah stock screen?

Citigroup fails this screen at the first gate — the business-activity gate. It is a conventional global bank and financial services holding company: interest-based banking, lending, trading and investment banking are its core business, not an incidental activity. Under AAOIFI-style business screens, conventional financial services are a prohibited industry excluded outright, regardless of balance-sheet strength — the Fiqh Council of North America explicitly lists "Conventional financial services (banks, insurance, etc)" among excluded businesses. The numbers confirm it: FY2025 interest income of $142,864M is about 84.89% of combined revenue ($168,302M), versus a 5% non-compliant income ceiling. Zoya rates C not Shariah-compliant. This is a factual screen, not a religious ruling — consult a qualified scholar for personal rulings.

What is Citigroup's debt ratio?

The debt gate is not assessed for Citigroup because the business gate is decisive: as a bank, borrowings and deposits are operating liabilities, not corporate borrowing, so a debt-to-market-cap ratio is not meaningful. The screen already fails at Gate 1.

What is Citigroup's non-compliant income ratio?

Zoya's page cites Citigroup's FY2025 annual report (fiscal year ended December 31, 2025): interest income of $142,864,000,000 against combined revenue of $168,302,000,000 — about 84.89% of revenue, massively above the 5% non-compliant income ceiling. (Its page also renders the usual contradictory "$0 interest income" template block; the 10-K-sourced figure is authoritative.) This is the expected profile of a conventional bank and confirms the Gate 1 business-screen failure.

Do Zoya, Musaffa, or ShariaPortfolio cover Citigroup?

Zoya covers C (zoya.finance/stocks/c): "As of , C is not Shariah-compliant and therefore not considered halal to invest in" (the "As of" date is blank on the page), citing interest income $142,864,000,000 = 84.89% of combined revenue (FY2025 annual report). No verifiable Musaffa or ShariaPortfolio rating for Citigroup was found in public search — honestly reported as absent, not invented. This page applies the screen directly from the company's own disclosed business.

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).