Atlantic Union Bankshares Corporation

AUB: Is Atlantic Union Bankshares Corporation Halal?

Atlantic Union Bankshares Corporation

NYSEFinancial ServicesUS

$42.26

-2.15%

Market Cap: 6.0B

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Atlantic Union Bankshares Corporation (AUB) halal? Not Halal. Based on AAOIFI screening, Atlantic Union Bankshares Corporation has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Business activity

Involved in prohibited business activities.

Failed

Company debt

Close to the limit

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

24.5% of 30.0% limit

What this means for you

Most scholars advise not holding AUB

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Atlantic Union Bankshares Corporation

Atlantic Union Bankshares Corporation (AUB) serves as the parent entity for Atlantic Union Bank, through which it delivers a comprehensive suite of banking and financial solutions to both individual consumers and corporate clients. Its offerings encompass a broad array of deposit options, including checking, savings, NOW, time deposit, and money market accounts, alongside certificates of deposit (CDs) and other associated depository services. Furthermore, the company extends credit through various loan products, covering commercial, industrial, residential mortgage, and consumer financing needs. Complementing these core services, it also issues credit cards and facilitates convenient access through automated teller machines (ATMs), mobile and online banking platforms, and digital bill payment functionalities. Additionally, clients can access specialized services such as financial planning, trust administration, and wealth management. The corporation further diversifies its portfolio by offering securities, brokerage, and investment advisory products. It also actively participates in the secondary market by originating and selling residential loan products. As of the data recorded on February 25, 2022, its physical presence included 130 branches and approximately 150 automated teller machines across Virginia, Maryland, and North Carolina. Established in 1902, the company maintains its headquarters in Richmond, Virginia. It previously operated under the name Union Bankshares Corporation before adopting its current identity, Atlantic Union Bankshares Corporation, in May 2019.

Sector: Financial Services · Industry: Banks - Regional

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 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:

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Frequently Asked Questions

Is Atlantic Union Bankshares Corporation (AUB) halal to invest in?
Atlantic Union Bankshares Corporation (AUB) 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 Atlantic Union Bankshares Corporation get a F compliance rating?
Atlantic Union Bankshares Corporation (AUB) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 24.5% (limit 30%); interest-bearing deposits of 72.6% (limit 30%); prohibited income of 105.51% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Atlantic Union Bankshares Corporation's Shariah verdict?
Atlantic Union Bankshares Corporation'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 Atlantic Union Bankshares Corporation re-screened for Shariah compliance?
Atlantic Union Bankshares Corporation (AUB) 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 18, 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.