Is HSBA.L (HSBC Holdings plc) Halal or Haram?

Based on our AAOIFI-standard shariah screening, HSBA.L is Not Halal (Haram) and is not considered permissible for Muslim investors. It failed 4 of 4 compliance screens. HSBC Holdings plc's core business activity was found to be non-compliant. Its debt-to-market-cap ratio of 110.46% exceeds the ≤33% threshold. Its interest income of 75.81% exceeds the ≤5% limit. Its cash & securities ratio of 374.46% exceeds the ≤33% threshold.

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions. This segment serves personal banking and high net worth individuals. The Commercial Banking segment provides credit and lending, treasury management, payment, cash management, commercial insurance, and investment services; commercial cards; international trade and receivables finance services; foreign exchange products; capital raising services on debt and equity markets; and advisory services. It serves small and medium sized enterprises, mid-market enterprises, and corporates. The Global Banking and Markets segment offers financing, advisory, and transaction services; and credit, rates, foreign exchange, equities, money markets, and securities services; and engages in principal investment activities. It serves government, corporate and institutional clients, and private investors. HSBC Holdings plc was founded in 1865 and is headquartered in London, the United Kingdom. HSBC Holdings plc operates in the Financial Services sector under the Banks - Diversified industry and is headquartered in London, GB. The company is led by CEO Georges Bahjat Elhedery and employs approximately 211,940 people.

HSBA.L was screened using AAOIFI-based shariah compliance criteria. Four tests are applied: (1) Business Activity — the company's core business must not derive primary income from haram (prohibited) activities such as alcohol, gambling, tobacco, or interest-based finance. (2) Debt-to-Market-Cap — total debt must not exceed 33% of market capitalization. (3) Interest Income — interest income must not exceed 5% of total revenue. (4) Cash & Securities — cash and interest-bearing securities must not exceed 33% of market cap. HSBA.L passed 0 of these 4 screens.

HSBA.L was last screened on 2026-02-24. Shariah compliance status can change as companies report new financial data, acquire new businesses, or shift revenue streams. We recommend checking back periodically for the most up-to-date screening results.