logo

Shariah compliance overview

Not Halal

Amalgamated Financial Corp. (AMAL) is currently classified as Not Halal by Akinda Shariah screening (AAOIFI-aligned methodology).

About Amalgamated Financial Corp.

Amalgamated Financial Corp., established in New York in 1923, operates as the parent company for Amalgamated Bank.

Amalgamated Financial Corp. (AMAL) operates in the Financial Services sector, in the Banks - Regional industry.

Why it is not classified as halal: it does not pass these screens: Business Activity.

Business Activity
82.08%Limit 5%Fail
Interest-bearing debt
8.92%Limit 30%Pass
Interest-bearing securities and assets
5.79%Limit 30%Pass
Dividend purification
82.08%Share of dividends to give to charityPurification calculator

Last updated: Oct 23, 2026 · Screening is informational and not a fatwa. Consult a qualified scholar for personal guidance.

Please login to access this content

Key stats

Please login to access this content

Please login to access this content

Company Profile

Please login to access this content

Frequently asked questions

Quick answers about Amalgamated Financial Corp. (AMAL). Current Akinda screening label: Not Halal.