Is KEY (KeyCorp) Halal or Haram?

Based on our AAOIFI-standard shariah screening, KEY is Not Halal (Haram) and is not considered permissible for Muslim investors. It failed 4 of 4 compliance screens. KeyCorp's core business activity was found to be non-compliant. Its debt-to-market-cap ratio of 46.41% exceeds the ≤33% threshold. Its interest income of 74.96% exceeds the ≤5% limit. Its cash & securities ratio of 48.31% exceeds the ≤33% threshold.

KeyCorp operates as a major US regional bank through KeyBank National Association. It provides a wide array of retail and commercial banking services, including consumer loans, mortgages, credit cards, and wealth management. For Muslim investors, KeyCorp is classified as Not Halal and strictly impermissible for investment. The company failed all four AAOIFI screening criteria, meaning its core business model and financial structure violate Islamic finance principles. From a shariah perspective, the most glaring issue is its revenue structure, with 74.96% derived directly from interest-based activities. Furthermore, the company carries high levels of conventional debt at 46.4% of its market cap, alongside excessive cash and interest-bearing securities at 48.3%. Because KeyCorp operates entirely within the conventional banking sector, there is no scholarly debate regarding its non-compliance. Halal investors must avoid this stock and seek out compliant alternatives in the financial sector, such as Islamic banks or permissible fintech platforms. KeyCorp operates in the Financial Services sector under the Banks - Regional industry and is headquartered in Cleveland, OH, US. The company is led by CEO Christopher Marrott Gorman and employs approximately 16,989 people.

KEY 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. KEY passed 0 of these 4 screens.

KEY was last screened on 2026-04-29. 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.