Is State Bank of India halal to invest in?

As of July 2026, State Bank of India SBIN.NS is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.

Is State Bank of India a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes State Bank of India using these criteria to determine its compliance status.

Can Muslims buy shares of State Bank of India?

Muslim investors may consider investing in State Bank of India if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is State Bank of India classified as NOT HALAL?

Musaffa determines the Shariah status of State Bank of India by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for State Bank of India updated?

The Shariah compliance status of State Bank of India may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like State Bank of India become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of State Bank of India?

You can check the latest Shariah compliance status of State Bank of India on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

State Bank of India SBIN.NS

Last Updated: Jul 21, 12:00 AM·NSE

SBIN.NS Shariah Compliance

Screening Methodology: AAOIFI

As of July 2026, State Bank of India is classified as not halal.

NOT HALAL

Report Source: 2026 Annual Report

State Bank of India. Stock Analysis SBIN.NS

India Financials Large Cap Report: 2026 Annual

State Bank of India engages in the provision of public sector banking, and financial services statutory body. The firm is engaged in providing a wide range of products and services to individuals, commercial enterprises, corporates, public bodies and institutional customers. The firm has a digital platform, YONO 2.0, which is designed to reduce customer acquisition costs by a factor of ten compared to traditional banking methods. Its segments include Treasury, Corporate/Wholesale Banking, Retail Banking, Insurance Business and Other Banking Business. The Treasury segment includes investment portfolios and trading in foreign exchange contracts and derivative contracts. The Corporate/Wholesale Banking segment comprises the lending activities of the corporate accounts group, the commercial client’s group and the stressed assets resolution group. The Retail Banking Segment is engaged in personal banking activities including lending activities to corporate customers having banking relations with its branches.

Key Statistics of State Bank of India (SBIN.NS)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

₹1,042.80₹1,067.00

Today's Open

₹1,056.20

Volume

10.51M

P/E Ratio (TTM)

11.57

52 Week Range

₹786.55₹1,234.70

Market Cap

9.58T

Avg. Volume

10.87M

Dividend Yield

1.47%

Financial Metrics & Statements of State Bank of India (SBIN.NS)

Super Investors Invested in State Bank of India (SBIN.NS)

FAQ's for State Bank of India (SBIN.NS)

As of July 2026, State Bank of India SBIN.NS is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes State Bank of India using these criteria to determine its compliance status.
Muslim investors may consider investing in State Bank of India if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of State Bank of India by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of State Bank of India may be updated periodically when new financial statements, earnings reports, or business activity information become available.
Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
You can check the latest Shariah compliance status of State Bank of India on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.