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Shariah compliance overview

Not Halal

Financial Institutions, Inc. (FISI) is currently classified as Not Halal by Akinda Shariah screening (AAOIFI-aligned methodology).

About Financial Institutions, Inc.

Financial Institutions, Inc., through its subsidiaries, provides banking and financial services to consumer, commercial, and municipal customers in New York.

Financial Institutions, Inc. (FISI) 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, Interest-bearing debt.

Business Activity
74.97%Limit 5%Fail
Interest-bearing debt
59.64%Limit 30%Fail
Interest-bearing securities and assets
21.43%Limit 30%Pass
Dividend purification
74.97%Share of dividends to give to charityPurification calculator

Last updated: Nov 3, 2026 · Screening is informational and not a fatwa. Consult a qualified scholar for personal guidance.

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Frequently asked questions

Quick answers about Financial Institutions, Inc. (FISI). Current Akinda screening label: Not Halal.