No. As of October 2026, UCO Bank (UCOBANK.NS) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. UCO Bank does not pass Musaffa's business and financial screening criteria.
UCO Bank engages in the provision of banking services. The Company’s segments include Treasury Operations, Corporate Banking Operations, Retail Banking, Digital Banking, Other Retail Banking, and Other Banking Operations. The Bank offers corporate banking, international banking, government business, and rural banking. The Bank's corporate banking includes loans/advances, credit growth, deposits, value-added services. Its international banking includes non-resident Indian (NRI) banking, foreign currency loans, finance/services to exporters, finance/services to importers, remittances, foreign exchange and treasury services, resident foreign currency (domestic) deposits, and correspondent banking services. Its rural banking includes policy framework for microfinance loan, personal loans/advances, agriculture credit, financial inclusion, deposit, RRB, SLBC, and PM 15 point. The Bank's loan portfolio includes UCO suryodaya loan, agri loan, education loan, GECL, gold loan, home loan, and others.
UCO Bank UCOBANK.NS
₹23.25 ₹0.16 (0.69%) 1D
Last Updated: Oct 09, 12:00 AM·NSE
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UCOBANK.NS Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, UCO Bank is classified as not halal.
NOT HALAL
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FAQ's for UCO Bank (UCOBANK.NS)
As of October 2026, UCO Bank UCOBANK.NS 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 UCO Bank using these criteria to determine its compliance status.
Muslim investors may consider investing in UCO Bank 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 UCO Bank 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 UCO Bank 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 UCO Bank on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.