What is Regions Financial's debt ratio?

Interest-bearing debt is 27.1% of its market value, against AAOIFI's 30% limit.

Is Regions Financial (RF) stock halal?

Regions Financial (RF) is not Sharia compliant under any of the four standards: its main business, conventional banking (interest), is excluded by all of them.

Fails all four standards Screened 28 September 2026 on that day's price. Market-value tests move with the share price.

The four standards

Standard	Debt measured against	Debt ratio	Limit	Verdict
AAOIFI	market capitalisation on the day	27.1%	30.0%	Business excluded
Dow Jones Islamic	trailing 24-month average market capitalisation	28.0%	33.3%	Business excluded
S&P Shariah	trailing 36-month average market capitalisation	29.4%	33.3%	Business excluded
MSCI Islamic	total assets	3.9%	33.3%	Business excluded

Debt ratio is interest-bearing debt over each standard's own size measure. A company whose main business a standard excludes is never compliant under it, whatever its debt.

Business screen

Industry (SEC code)	National Commercial Banks (6021)
Main business	conventional banking (interest)
Excluded under	AAOIFI, Dow Jones Islamic Market, S&P Shariah, MSCI Islamic
Income from side activities	not checked (needs segment revenue)

The figures

Market value	$23.4 billion
Interest-bearing debt (30 June 2026)	$6.3 billion
Total assets (30 June 2026)	$160.7 billion

Debt and assets from SEC XBRL company facts; price from live market data.

Each standard also limits income from prohibited side activities (usually to 5% of revenue). That needs the company's segment revenue, which Mizan does not read yet, so check it for companies with a mixed business.

Halal alternatives

Regions Financial's main business, conventional banking (interest), is excluded by every standard. No large US company in a related industry passes all four standards, so a Shariah fund is the simplest route: SPUS or HLAL in the US, or ISDU and ISWD for UK investors.

Shariah funds:

SPUS: SP Funds S&P 500 Sharia Industry Exclusions ETF (US)
HLAL: Wahed FTSE USA Shariah ETF (US)
ISDU: iShares MSCI USA Islamic UCITS ETF (London (UK investors))
ISWD: iShares MSCI World Islamic UCITS ETF (London (UK investors))

Companies Mizan covers whose business is permitted under all four standards and whose debt passes all four, clear of the borderline band, at the quarter ending 2026-06-30. Prices have moved since, so screen your pick live on its page here before you buy.

Quick answers

Is Regions Financial (RF) stock halal?: Regions Financial (RF) is not Sharia compliant under any of the four standards: its main business, conventional banking (interest), is excluded by all of them.
What is Regions Financial's debt ratio?: Interest-bearing debt is 27.1% of its market value, against AAOIFI's 30% limit.

How Mizan screens

First the business: a standard that excludes the company's main business (from its SEC industry code and Mizan's list of named companies) marks it non-compliant. Then the debt: interest-bearing debt over each standard's own size measure, compared with that standard's threshold. Averaged denominators use the trailing quarterly market capitalisations of the study panel with today's market capitalisation as the final observation.

Research behind it: Price-Driven Churn in Islamic Equity Screening (SSRN). Where the standards disagree.

Mizan reports how four published screening standards read a company's own filings and market price. It is research output, not investment advice and not a fatwa.

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