Compliance Status
Not Halal
Screened on Oct 15, 2026 · AAOIFI Standard 21
Non-Compliant
Is Peapack-Gladstone Financial Corporation (PGC) halal? Not Halal. Based on AAOIFI screening, Peapack-Gladstone Financial Corporation has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).
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HalalScreener rates Peapack-Gladstone Financial Corporation (PGC) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 15, 2026. Source: https://halalscreener.app/en/stock/PGC
Business activity
Involved in prohibited business activities.
Company debt
Within 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 PGC
It does not pass AAOIFI Shariah screening.
See halal alternatives from the same sector further down this page
PGC: Is Peapack-Gladstone Financial Corporation Halal?
Peapack-Gladstone Financial Corporation
$43.38
Market Cap: 769.0M
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About Peapack-Gladstone Financial Corporation
Peapack-Gladstone Financial Corporation (PGC) functions as the holding company for Peapack-Gladstone Bank, a financial institution primarily dedicated to delivering private banking and comprehensive wealth management services throughout the United States. Its operations are structured into two key divisions: Banking and Peapack Private. For deposit services, PGC provides a range of accounts including standard checking and savings, high-yield money market accounts, interest-bearing checking options, certificates of deposit (CDs), and individual retirement accounts (IRAs). On the lending side, the bank supports businesses with working capital lines of credit, term loans for acquiring fixed assets, commercial and multi-family real estate mortgages, and diverse forms of asset-based financing. It also engages in various commercial and industrial (C&I) lending, equipment finance, and commercial real estate activities. For individual clients, PGC offers residential mortgages, home equity lines of credit (HELOCs), and other second mortgage products. Beyond core banking, the corporation delivers specialized financial solutions such as treasury management, advisory services for corporate and industrial clients, escrow management, and strategic deposit generation. Its wealth management arm provides comprehensive asset and investment management services, personal trust services (including roles as executor, trustee, administrator, custodian, and guardian), alongside financial planning, tax preparation, and general advisory support. Customers also benefit from modern conveniences like telephone and online banking platforms, merchant credit card services, and dedicated customer support. Its private banking division caters to a diverse clientele including businesses, non-profit organizations, and individual consumers. Wealth management services are tailored for individuals, families, charitable foundations, endowments, trusts, and estates. Geographically, private banking facilities are situated in Bedminster, Morristown, Princeton, and Teaneck, New Jersey. Wealth management branches extend across Somerset, Morris, Hunterdon, and Union counties. The bank further maintains a network of 20 automated teller machines (ATMs). Established in 1921, Peapack-Gladstone Financial Corporation has its headquarters in Bedminster, New Jersey.
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 PGC 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
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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.