Compliance Status
Not Halal
Screened on Oct 15, 2026 · AAOIFI Standard 21
Non-Compliant
Is Sumitomo Mitsui Financial Group, Inc. (SMFG) halal? Not Halal. Based on AAOIFI screening, Sumitomo Mitsui Financial Group, Inc. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).
Quote this verdict
HalalScreener rates Sumitomo Mitsui Financial Group, Inc. (SMFG) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 15, 2026. Source: https://halalscreener.app/en/stock/SMFG
Business activity
Involved in prohibited business activities.
Company debt
Over 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 SMFG
It does not pass AAOIFI Shariah screening.
See halal alternatives from the same sector further down this page
SMFG: Is Sumitomo Mitsui Financial Group, Inc. Halal?
Sumitomo Mitsui Financial Group, Inc.
$24.75
Market Cap: 95.9B
Screened on a market cap of 24.7T
Get an email if SMFG's halal status changes
We re-screen Sumitomo Mitsui Financial Group, Inc. daily. If the verdict moves, you hear about it the same day.
Free. One click sets it up, and you can unsubscribe any time.
About Sumitomo Mitsui Financial Group, Inc.
Sumitomo Mitsui Financial Group, Inc., established in Tokyo, Japan, in 2002, is a global financial powerhouse offering a wide array of banking and financial services. Its extensive operations reach across Japan, the Americas, Europe, the Middle East, Asia, and Oceania. The group provides a comprehensive suite of services including commercial banking, leasing, securities trading, consumer finance, and various other specialized financial offerings. SMFG is structured into four primary business segments: Wholesale Business Unit: This segment caters to corporate clients of all scales—large, medium, and small—delivering vital services such as funding, investment portfolio management, risk mitigation, and settlement solutions. It also offers expert advisory services for mergers, acquisitions, and other corporate financial strategies, alongside a diverse range of leasing options (including equipment, operating, and leveraged leases), and cutting-edge digital services like robotic process automation and electronic contracting. Retail Business Unit: Dedicated to high-net-worth customers, this unit provides personalized wealth management, efficient payment and settlement services, consumer lending, home financing, and sophisticated business and asset succession planning. Global Business Unit: Focusing on an international clientele, this division offers a robust portfolio of services including loans, deposit accounts, clearing services, trade finance, project finance, syndicated loans, derivative products, and advanced cash management. It also encompasses underwriting services and specialized leasing for sectors like construction machinery, transportation equipment, industrial machinery, medical devices, and aircraft. Global Markets Business Unit: This segment is focused on delivering market-based solutions through foreign exchange products, derivatives, bonds, equities, and other tradable financial instruments. Additionally, it plays a key role in the company's asset liability management strategies. Beyond these core divisions, Sumitomo Mitsui Financial Group also provides services such as credit card issuance, internet banking platforms, system development and engineering, data processing, management consulting, economic research, and investment advisory and trust management services.
Sector: Financial Services · Industry: Banks - Diversified
Why this does not pass
- Business activity: the company earns from an activity AAOIFI treats as prohibited.
- Interest-bearing debt is 237.4% of market cap, over the 30% AAOIFI limit.
- Interest-bearing deposits are over the 30% limit.
- Income from prohibited sources is over the 5% 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 SMFG 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 - Diversified
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
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:
More Financial Services Stocks
Know the day SMFG's verdict changes
A free account keeps watch on 3 stocks and emails you when a verdict moves. You also get 3 questions for the AI Scholar. No card needed.
Frequently Asked Questions
Is Sumitomo Mitsui Financial Group, Inc. (SMFG) halal to invest in?
Why did Sumitomo Mitsui Financial Group, Inc. get a F compliance rating?
What could change Sumitomo Mitsui Financial Group, Inc.'s Shariah verdict?
How often is Sumitomo Mitsui Financial Group, Inc. re-screened for Shariah compliance?
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.