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Shariah compliance overview

Not Halal

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

About Provident Financial Services, Inc.

Provident Financial Services, Inc. functions as the parent company for Provident Bank, delivering a broad spectrum of financial products and services to individuals, families, and businesses across the United States.

Provident Financial Services, Inc. (PFS) 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, Interest-bearing securities and assets.

Business Activity
59.61%Limit 5%Fail
Interest-bearing debt
111.38%Limit 30%Fail
Interest-bearing securities and assets
149.31%Limit 30%Fail
Dividend purification
53.77%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 Provident Financial Services, Inc. (PFS). Current Akinda screening label: Not Halal.