Is Union Bank of India Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Union Bank of India Ltd (UNIONBANK.NS) is currently classified as NOT HALAL as of February 2026. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Union Bank of India Ltd 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 Union Bank of India Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Union Bank of India Ltd?

Muslim investors may consider investing in Union Bank of India Ltd 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 Union Bank of India Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Union Bank of India Ltd 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 Union Bank of India Ltd updated?

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

Can a halal stock like Union Bank of India Ltd 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 Union Bank of India Ltd?

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

UNIONBANK.NS Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: February 14, 2026

Report Source: 2026 3rd Quarter Report

Union Bank of India Ltd. Stock Analysis UNIONBANK.NS

India Financials Large Cap Report: Q3, 2026

Union Bank of India engages in the provision of commercial banking services. The Company’s segments include Treasury Operations, Corporate and Wholesale Banking and Other Banking Operations. The firm offers products in three categories, including personal, corporate loans and international. Its personal products include accounts and deposits, loans, which includes retail, micro, small and medium enterprises (MSME), wealth management, financial schemes and lockers/other services. Its corporate loans include trade finance, working capital, line of credit, project financing, and channel finance. Its international services include non-resident Indian speedy and easy remittances, Internet Banking, international debit/credit cards, home loans, special deposit schemes, and an online donation facility. The company provides digital services, such as app banking, Internet banking, automated teller machine banking, self-service banking and immediate payment service (IMPS). The company also provides foreign currency loans.

Key Statistics of Union Bank of India Ltd (UNIONBANK.NS)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

₹161.50₹165.44

Today's Open

₹165.20

Volume

9.27M

P/E Ratio (TTM)

7.03

52 Week Range

₹114.50₹205.49

Market Cap

1.25T

Avg. Volume

18.64M

Dividend Yield

2.86%

Financial Metrics & Statements of Union Bank of India Ltd (UNIONBANK.NS)

FAQ's for Union Bank of India Ltd (UNIONBANK.NS)

According to Musaffa’s Shariah screening methodology, Union Bank of India Ltd (UNIONBANK.NS) is currently classified as NOT HALAL as of February 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.