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Shariah compliance overview

Not Halal

Shinhan Financial Group Co., Ltd. (SHG) is currently classified as Not Halal by Akinda Shariah screening (AAOIFI-aligned methodology).

About Shinhan Financial Group Co., Ltd.

Shinhan Financial Group Co., Ltd. is a prominent financial services provider that operates both within South Korea and globally.

Shinhan Financial Group Co., Ltd. (SHG) 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
45.18%Limit 5%Fail
Interest-bearing debt
476.53%Limit 30%Fail
Interest-bearing securities and assets
85.82%Limit 30%Fail
Dividend purification
45.18%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 Shinhan Financial Group Co., Ltd. (SHG). Current Akinda screening label: Not Halal.