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Shariah compliance overview

Not Halal

M&T Bank Corporation (MTB) is currently classified as Not Halal by Akinda Shariah screening (AAOIFI-aligned methodology).

About M&T Bank Corporation

M&T Bank Corporation functions as a bank holding entity, delivering a broad spectrum of financial solutions to both commercial enterprises and individual consumers.

M&T Bank Corporation (MTB) 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
50.40%Limit 5%Fail
Interest-bearing debt
44.06%Limit 30%Fail
Interest-bearing securities and assets
186.96%Limit 30%Fail
Dividend purification
48.20%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.

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Frequently asked questions

Quick answers about M&T Bank Corporation (MTB). Current Akinda screening label: Not Halal.