NYSE Shariah screener · October 2026

Is Regions Financial Corporation (RF) Halal?

FAIL

Regions Financial Corporation · NYSE: RF · Financials

The short answer

Regions Financial fails the Shariah business-activity gate: it is a conventional bank whose core revenue is interest on loans ($7,073M, 73.6% of revenue), and interest-bearing debt of $4,884M is 21.0% of its ~$23.24 billion market cap.

Gate 1 — Business activity: FAIL

Gate 1 — business activity: FAIL. Regions Financial Corporation, per its FY2025 Form 10-K (year ended December 31, 2025), is a financial services company headquartered in Birmingham, Alabama (tracing to First Alabama Bancshares, established 1971), operating principally through Regions Bank. It provides checking and savings accounts, consumer and commercial loans, mortgages, credit cards, treasury and cash-management services, investment and wealth-management solutions, and capital-markets services to individuals, small businesses, middle-market companies, corporations, and government entities across the South, Midwest, and Texas.

This is a conventional interest-based bank: its core business is taking deposits and extending credit, earning interest on loans. Interest-based lending is the business, not an ancillary line. The business fails gate 1.

Gate 2 — Debt and cash: PASS

Gate 2 — interest-bearing debt: PASS (21.0%, ceiling 33%). Per Regions' FY2025 Form 10-K consolidated balance sheet, interest-bearing debt was about $4,884 million at December 31, 2025 (short-term borrowings $750 million plus long-term debt $4,134 million).

$4,884 million against a market capitalization of about $23.24 billion (Finnhub, October 2, 2026; NYSE: RF) is about 21.0%, under the 33% ceiling. The debt gate passes, but the result is moot given the business-gate failure.

Gate 3 — Non-compliant income: FAIL

Gate 3 — non-compliant income: FAIL (73.6%, ceiling 5%). Regions' FY2025 Form 10-K consolidated statement of income reports total interest income of $7,073 million (the filing's exact label) against total revenue of $9,608 million - about 73.6%, far over the 5% non-compliant income ceiling.

Interest income is the core business revenue of a bank. Expected for a conventional bank, and reported for the record.

Key figures used

Business: financial services (Birmingham AL; traces to 1971) — Regions Bank: checking/savings, consumer + commercial loans, mortgages, credit cards, treasury/cash management, wealth management, capital markets; South/Midwest/Texas footprint
Haram assessment: conventional interest-based bank — interest on loans is the core business (not an ancillary line); fails business-activity gate
Debt: $4,884M interest-bearing debt (FY2025 10-K) ÷ ~$23.24B market cap (Finnhub, Oct 2, 2026) = 21.0% — under the 33% ceiling (moot, business gate fails)
Interest income: $7,073M total interest income, exact filing label (FY2025) ÷ $9,608M revenue = 73.6% — far over the 5% ceiling (expected for a bank)
Market data: NYSE-listed (RF); still listed on NYSE (confirmed October 2, 2026; Finnhub XNYS live quote; FY2025 10-K + Q2 2026 10-Q covers verified; no delisting)
Corporate actions: acquired broker-dealer Frazer Lanier Company (July 1, 2026)
Third-party: NO verifiable Zoya, Musaffa, or ShariaPortfolio rating found; a South African ETF business with a similar name is UNRELATED

Frequently asked questions

What does Regions Financial do?

Regions Financial Corporation (NYSE: RF) is a financial services company headquartered in Birmingham, Alabama, tracing to First Alabama Bancshares (1971). Per its FY2025 Form 10-K (year ended December 31, 2025), it operates principally through Regions Bank, offering checking and savings accounts, consumer and commercial loans, mortgages, credit cards, treasury and cash-management services, investment and wealth-management solutions, and capital-markets services across the South, Midwest, and Texas.

Is Regions Financial's business Shariah compliant?

No - Regions Financial is a conventional bank. Its core business is taking deposits and extending interest-bearing loans: consumer, commercial, and mortgage lending. Interest-based lending is the business, not an ancillary line. Assessed on the filed business description, the business fails this screener's first gate.

How much interest-bearing debt does Regions have?

Regions' FY2025 Form 10-K reports interest-bearing debt of about $4,884 million (short-term borrowings $750 million plus long-term debt $4,134 million) at December 31, 2025. Against a market capitalization of about $23.24 billion (Finnhub, October 2, 2026), that is about 21.0% - under the 33% ceiling. The debt gate passes, but the result is moot given the business-gate failure.

How much interest income does Regions earn?

Regions' FY2025 Form 10-K reports total interest income of $7,073 million (the filing's exact label) against total revenue of $9,608 million - about 73.6%, far over the 5% non-compliant income ceiling. Interest income is the core business revenue of a bank. This gate failure is expected for a conventional bank and is reported for the record.

What do third-party Shariah screeners say about Regions?

I could not verify a Zoya, Musaffa, or ShariaPortfolio rating page for RF from public sources - none of the three major third-party screeners appears to cover it. Name note: a South African ETF business using a similar name is unrelated to this NYSE-listed company. Third-party screeners apply different assumptions and update on different schedules - always check the latest screening before investing.

Sources

Screened 2026-10-02 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).