Compliance Status
Not Halal
Screened on Oct 15, 2026 · AAOIFI Standard 21
Non-Compliant
Is Cathay General Bancorp (CATY) halal? Not Halal. Based on AAOIFI screening, Cathay General Bancorp has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).
Quote this verdict
HalalScreener rates Cathay General Bancorp (CATY) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 15, 2026. Source: https://halalscreener.app/en/stock/CATY
Business activity
Involved in prohibited business activities.
Company debt
Well clear of the limitHow much the company borrows, compared to its total value. AAOIFI allows up to 30%.
The verdict above is final and free.
Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.
Screened according to AAOIFI Standard 21
What this means for you
Most scholars advise not holding CATY
It does not pass AAOIFI Shariah screening.
See halal alternatives from the same sector further down this page
CATY: Is Cathay General Bancorp Halal?
Cathay General Bancorp
$59.96
Market Cap: 4.0B
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About Cathay General Bancorp
Cathay General Bancorp serves as the parent entity for Cathay Bank, a financial institution that delivers a broad spectrum of commercial banking solutions. These services are tailored for individual clients, professional practices, and small to medium-sized enterprises, primarily within the United States. The bank offers a diverse array of deposit products, encompassing passbook, checking, and money market accounts, alongside certificates of deposit (CDs), individual retirement accounts (IRAs), and public sector fund deposits. On the lending side, Cathay Bank provides various loan offerings, including commercial mortgages, general commercial loans, Small Business Administration (SBA) loans, residential mortgages, and real estate construction financing, as well as home equity lines of credit. It also extends personal installment loans designed for household and other consumer expenditures. Beyond its core banking activities, the company furnishes services such as trade financing, letters of credit, wire transfers, foreign currency spot and forward contracts, and traveler's checks. Additional conveniences include safe deposit boxes, night deposit facilities, Social Security payment deposits, collection services, bank-by-mail, drive-up and walk-up windows, automatic teller machines (ATMs), and internet banking. Furthermore, it offers investment services, various other customary banking provisions, and both securities and insurance products. As of March 1, 2022, Cathay General Bancorp maintained a substantial physical presence, operating 31 branches in Southern California, 16 in Northern California, 10 in New York, four in Washington, and two each in Illinois and Texas. Single branches are located in Maryland, Massachusetts, Nevada, New Jersey, and Hong Kong. The corporation also maintains representative offices in Beijing, Taipei, and Shanghai. Established in 1962, the company maintains its headquarters in Los Angeles, California.
Sector: Financial Services · Industry: Banks - Regional
Why this does not pass
- Business activity: the company earns from an activity AAOIFI treats as prohibited.
- Interest-bearing deposits are over the 30% limit.
Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.
Shariah Compliance Status
See which ratio caused the failure.
See the exact debt ratio, interest income %, and prohibited revenue that caused the failure. Know before you sell or hold.
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why CATY is rated Not Halal with institutional-grade analysis
Business Activity Screen
FailedChecks 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.
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
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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.