What is Royal Bank of Canada's Shariah compliance score?

Royal Bank of Canada's (RY) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Royal Bank of Canada pass AAOIFI screening?

Royal Bank of Canada (RY) 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% (RY: 278.9%), (3) interest-bearing deposits below 30% (RY: 55.2%), and (4) prohibited income below 5% (RY: 75.6%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Royal Bank of Canada stock?

Royal Bank of Canada (RY) has a non-permissible income ratio of 75.59%. Muslim investors should purify this percentage of any dividends received and capital gains realized from RY 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 Royal Bank of Canada for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Royal Bank of Canada (RY) 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 RY's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

RY: Is Royal Bank of Canada Halal?

Royal Bank of Canada

NYSEFinancial ServicesCA

$215.43

-0.30%

Market Cap: 299.4B

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Royal Bank of Canada (RY) halal? Not Halal. Based on AAOIFI screening, Royal Bank of Canada 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%.

278.9% of 30.0% limit

What this means for you

Most scholars advise not holding RY

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Royal Bank of Canada

Royal Bank of Canada (RBC), established in 1864 and headquartered in Toronto, Canada, operates as a comprehensive global financial institution. Its Personal & Commercial Banking division caters to individual clients by providing essential services like checking and savings accounts, various lending options (including mortgages, personal loans, and auto financing), private banking, investment vehicles such as mutual funds and guaranteed investment certificates (GICs), along with credit cards and payment solutions. For small and medium-sized commercial enterprises, this segment delivers a suite of services including financing, leasing, deposit management, foreign exchange, cash management, auto dealer financing, and trade solutions. These offerings are readily accessible through its extensive network of branches, ATMs, and mobile platforms. The Wealth Management segment specializes in delivering bespoke, advice-driven strategies and solutions to affluent and ultra-affluent individuals, as well as institutional investors. Through its Insurance arm, RBC offers a broad spectrum of protection and advisory services. These encompass life, health, home, auto, travel, wealth, annuities, and reinsurance, alongside comprehensive business insurance options. Clients, whether individuals, businesses, or groups, can access these services via advice centers, dedicated RBC insurance stores, mobile advisors, diverse digital and social platforms, independent brokers, and travel alliances. The Investor & Treasury Services division supports financial institutions and other investors with critical asset servicing, custody, payment processing, and treasury functions. It further extends its expertise to include fund and investment administration, shareholder services, private capital solutions, performance measurement, compliance oversight, distribution support, transaction banking, robust cash and liquidity management, foreign exchange capabilities, and global securities financing. Finally, the Capital Markets segment provides extensive corporate and investment banking solutions. This includes the origination and distribution of equity and debt instruments, strategic advisory services, and comprehensive sales and trading capabilities. Its clientele spans corporations, institutional investors, asset managers, private equity firms, and governmental entities.

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

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Frequently Asked Questions

Is Royal Bank of Canada (RY) halal to invest in?

Royal Bank of Canada (RY) 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 Royal Bank of Canada get a F compliance rating?

Royal Bank of Canada (RY) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 278.9% (limit 30%); interest-bearing deposits of 55.2% (limit 30%); prohibited income of 75.59% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Royal Bank of Canada's Shariah verdict?

Royal Bank of Canada'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 Royal Bank of Canada re-screened for Shariah compliance?

Royal Bank of Canada (RY) 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.