What is NatWest Group plc's Shariah compliance score?

NatWest Group plc's (NWG) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does NatWest Group plc pass AAOIFI screening?

NatWest Group plc (NWG) 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% (NWG: 201.4%), (3) interest-bearing deposits below 30% (NWG: 275.5%), and (4) prohibited income below 5% (NWG: 87.2%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for NatWest Group plc stock?

NatWest Group plc (NWG) has a non-permissible income ratio of 87.18%. Muslim investors should purify this percentage of any dividends received and capital gains realized from NWG 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 NatWest Group plc for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for NatWest Group plc (NWG) 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 NWG's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

NWG: Is NatWest Group plc Halal?

NatWest Group plc

NYSEFinancial ServicesGB

$17.92

+0.50%

Market Cap: 35.7B

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is NatWest Group plc (NWG) halal? Not Halal. Based on AAOIFI screening, NatWest Group plc 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

Over the limit

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

201.4% of 30.0% limit

What this means for you

Most scholars advise not holding NWG

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About NatWest Group plc

NatWest Group plc is a leading financial institution that delivers a broad spectrum of banking and financial services to individual customers, businesses, corporations, and institutional clients across the United Kingdom and globally. The company's operations are divided into several key divisions: Retail Banking addresses consumer needs by providing essential banking products like current accounts, home mortgages, unsecured personal loans, and savings options, alongside extensive mobile and online banking capabilities. Commercial Banking offers bespoke banking and financing solutions, supporting entities ranging from new start-ups and small-to-medium-sized enterprises (SMEs) to larger commercial and corporate organizations. Private Banking specializes in offering exclusive private banking and wealth management services for affluent individuals and their business ventures. RBS International focuses on providing various banking products and services specifically for institutional customers, in addition to managing wholesale branches and fund depositary services. NatWest Markets assists corporate and institutional clients in the strategic management of financial risks, guiding them towards achieving their immediate and long-term financial aspirations. The company boasts a significant physical footprint, with approximately 800 branches and an additional 16,000 points of presence. Established in 1727, NatWest Group plc, which was formerly known as The Royal Bank of Scotland Group plc until its name change in July 2020, is headquartered in Edinburgh, United Kingdom.

Sector: Financial Services · Industry: Banks - Diversified

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 - Diversified

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+

SPDR Gold Shares

$368.41

+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%

More Financial Services Stocks

JPM

JPMorgan Chase & Co.

Visa Inc.

Mastercard Incorporated

A+

PYPL

PayPal Holdings, Inc.

C+

BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

Track NWG and 10,000+ stocks with AI insights

Create your free account to unlock AI-powered compliance analysis, track your portfolio, calculate purification, and get unlimited AAOIFI screening.

Get Started Free Browse Screener

10,000+ assets AAOIFI standards Free watchlist

Frequently Asked Questions

Is NatWest Group plc (NWG) halal to invest in?

NatWest Group plc (NWG) 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 NatWest Group plc get a F compliance rating?

NatWest Group plc (NWG) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 201.4% (limit 30%); interest-bearing deposits of 275.5% (limit 30%); prohibited income of 87.18% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change NatWest Group plc's Shariah verdict?

NatWest Group plc'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 NatWest Group plc re-screened for Shariah compliance?

NatWest Group plc (NWG) 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.