Is State Bank of India halal to invest in?

As of September 2026, State Bank of India SID.SG is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.

Is State Bank of India a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes State Bank of India using these criteria to determine its compliance status.

Can Muslims buy shares of State Bank of India?

Muslim investors may consider investing in State Bank of India if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is State Bank of India classified as NOT HALAL?

Musaffa determines the Shariah status of State Bank of India by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for State Bank of India updated?

The Shariah compliance status of State Bank of India may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like State Bank of India become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of State Bank of India?

You can check the latest Shariah compliance status of State Bank of India on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

Is State Bank of India Stock Halal?

Shariah Compliance Analysis of SID.SG Stock

Germany Financials Large Cap

No. As of September 2026, State Bank of India (SID.SG) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. State Bank of India does not pass Musaffa's business and financial screening criteria.

State Bank of India engages in the provision of public sector banking, and financial services statutory body. The company is headquartered in Mumbai, Maharashtra and currently employs 232,296 full-time employees. The firm is engaged in providing a wide range of products and services to individuals, commercial enterprises, corporates, public bodies and institutional customers. Its segments include Treasury, Corporate/Wholesale Banking, Retail Banking, Insurance Business and Other Banking Business. The Treasury segment includes investment portfolios and trading in foreign exchange contracts and derivative contracts. The Corporate/Wholesale Banking segment comprises the lending activities of the corporate accounts group, the commercial client’s group and the stressed assets resolution group. These include providing loans and transaction services to corporate and institutional clients and further include non-treasury operations of foreign offices/entities. The Retail Banking Segment is engaged in personal banking activities including lending activities to corporate customers having banking relations with its branches.

State Bank of India SID.SG

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Last Updated: Sep 09, 12:00 AM·XSTU

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SID.SG Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, State Bank of India is classified as not halal.

NOT HALAL

Report Source: undefined Quarter Report

State Bank of India (SID.SG) Chart

Financial Metrics & Statements of State Bank of India (SID.SG)

FAQ's for State Bank of India (SID.SG)

As of September 2026, State Bank of India SID.SG is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes State Bank of India using these criteria to determine its compliance status.
Muslim investors may consider investing in State Bank of India if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of State Bank of India by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of State Bank of India may be updated periodically when new financial statements, earnings reports, or business activity information become available.
Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
You can check the latest Shariah compliance status of State Bank of India on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.