What is Amalgamated Financial Corp.'s Shariah compliance score?

Amalgamated Financial Corp.'s (AMAL) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Amalgamated Financial Corp. pass AAOIFI screening?

Amalgamated Financial Corp. (AMAL) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (AMAL: 6.7%), (3) interest-bearing deposits below 30% (AMAL: 3.8%), and (4) prohibited income below 5% (AMAL: 92.8%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Amalgamated Financial Corp. stock?

Amalgamated Financial Corp. (AMAL) has a non-permissible income ratio of 92.79%. Muslim investors should purify this percentage of any dividends received and capital gains realized from AMAL shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Amalgamated Financial Corp. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Amalgamated Financial Corp. (AMAL) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about AMAL's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

AMAL: Is Amalgamated Financial Corp. Halal?

Amalgamated Financial Corp.

NASDAQFinancial ServicesUS

$46.95

+2.51%

Market Cap: 1.4B

Compliance Status

Not Halal

Screened on Jul 13, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Amalgamated Financial Corp. (AMAL) halal? Not Halal. Based on AAOIFI screening, Amalgamated Financial Corp. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

AvoidBorderlineClean

Business activity

Involved in prohibited business activities.

Failed

Company debt

Well clear of the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

6.7% of 30.0% limit

What this means for you

Most scholars advise not holding AMAL

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Amalgamated Financial Corp.

Amalgamated Financial Corp., established in New York in 1923, operates as the parent company for Amalgamated Bank. This institution delivers a comprehensive array of financial services, including commercial and retail banking, investment management, and trust and custody solutions, to businesses and individual customers across the United States. Its banking provisions encompass various deposit accounts, from non-interest bearing and interest-bearing checking to savings, money market, and certificates of deposit. On the lending side, Amalgamated extends commercial loans for industrial, multi-family, and general real estate purposes, in addition to retail loans like residential mortgages and consumer credit. Beyond core banking, the company facilitates online banking, bill payment, cash management, and safe deposit box rentals, while also providing debit and ATM cards. Its specialized trust, custody, and investment management operations cover asset safekeeping, corporate action handling, income collection, proxy services, and asset transfers and conversion management. Furthermore, it offers diverse investment products, such as equity, fixed-income, real estate, and alternative investments, alongside brokerage, asset management, and insurance products. Amalgamated Financial Corp. serves its clientele through a digital banking platform and a network of physical offices, including three branches in New York City, one in Washington, D.C., one in San Francisco, and a commercial office in Boston.

Sector: Financial Services · Industry: Banks - Regional

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 13, 2026

Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Prohibited industry: Banks - Regional

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: FY 2025Data source: FMP

Halal Alternatives in Financial Services

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

GLDA+

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+0.17%

SLVA+

iShares Silver Trust

$50.78

+0.47%

PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

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PYPL

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C+

BAC

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WFC

Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

Is Amalgamated Financial Corp. (AMAL) halal to invest in?

Amalgamated Financial Corp. (AMAL) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Amalgamated Financial Corp. get a F compliance rating?

Amalgamated Financial Corp. (AMAL) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 6.7% (limit 30%); interest-bearing deposits of 3.8% (limit 30%); prohibited income of 92.79% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Amalgamated Financial Corp.'s Shariah verdict?

Amalgamated Financial Corp.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is Amalgamated Financial Corp. re-screened for Shariah compliance?

Amalgamated Financial Corp. (AMAL) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jul 13, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.