Is CIMB Group Holdings Berhad (1023.KL) halal? Not Halal. CIMB Group Holdings Berhad is not on the Securities Commission Malaysia's official list of Shariah-compliant securities and is classified Shariah non-compliant.

10

1023.KL: Is CIMB Group Holdings Berhad Halal?

Not Halal

CIMB Group Holdings Berhad

KLSEFinancial ServicesMY

RM 7.80

+0.00%

About CIMB Group Holdings Berhad

CIMB Group Holdings Berhad (1023.KL) is listed on Bursa Malaysia (KLSE) and is NOT on the Securities Commission Malaysia's official Shariah-compliant list. Classified Shariah non-compliant — Conventional banking (riba).

Sector: Financial Services · Industry: Banks - Regional

Shariah Compliance Status

SC Malaysia listUpdated Jun 1, 2026
F

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

  • Conventional banking (riba)

Shariah Status: Official

Not Compliant

CIMB Group Holdings Berhad is not on the Securities Commission Malaysia's official list of Shariah-compliant securities and is classified Shariah non-compliant.

Market Cap

RM 84.28B

Total Debt

RM 108.10B

Cash & Deposits

RM 127.61B

Revenue

RM 21.17B

The SC classifies Bursa-listed securities as Shariah-compliant or non-compliant under its two-tier methodology; this security is not on the compliant list. Financials shown for reference (Yahoo Finance).

HalalScreener AAOIFI Analysis

Informational

Our independent AAOIFI financial-ratio screen (market-cap basis). The halal/haram verdict above is the Securities Commission Malaysia’s official ruling: it also weighs business activity and uses a total-assets basis (33% limit), so these ratios can differ from the verdict (e.g. a low-market-cap utility can exceed 30% here yet remain SC-compliant).

Debt / Market Cap128.3% / 30.0%

Compliance History

Not Halal, unchanged since May 2025.

No status changes recorded since we began tracking.

Tracked since May 2025. Updates automatically on each re-screen.

Screened: Jun 1, 2026Fiscal: Not on SC compliant list (May 2025)Source: SC_EXCLUDED

Financial Overview

Market Cap

84.3B

Price

RM 7.80

Sector

Financial Services

Industry

Banks - Regional

Halal Alternatives in Financial Services

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

SPDR Gold Shares
GLDA+

SPDR Gold Shares

$388.60

+0.17%

iShares Silver Trust
SLVA+

iShares Silver Trust

$60.61

+0.47%

AllianceBernstein Holding L.P.
ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

Inflection Point Acquisition Corp. III
IPCXA+

Inflection Point Acquisition Corp. III

$10.31

+0.00%

Axiom Intelligence Acquisition Corp 1
AXINA+

Axiom Intelligence Acquisition Corp 1

$10.42

+0.29%

More Financial Services Stocks

JPM

JPMorgan Chase & Co.

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A

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PYPL

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C

BAC

Bank of America Corporation

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WFC

Wells Fargo & Company

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Frequently Asked Questions

Is CIMB Group Holdings Berhad (1023.KL) halal to invest in?
CIMB Group Holdings Berhad (1023.KL) is classified Shariah-compliant by the Securities Commission Malaysia (SAC) official list, the authoritative ruling for Bursa Malaysia-listed stocks. The SC uses a two-tier methodology: business-activity benchmarks plus financial ratios (debt/total-assets and interest deposits/total-assets below 33%).
Why did CIMB Group Holdings Berhad get a F compliance rating?
The Securities Commission Malaysia assigns Shariah-compliant status annually via its Shariah Advisory Council (SAC). The methodology applies a two-tier test: (1) a business-activity benchmark and (2) financial ratios (total debt and interest-bearing deposits both below 33% of total assets). CIMB Group Holdings Berhad meets these criteria under the SC's current assessment.
What could change CIMB Group Holdings Berhad's Shariah verdict?
The Securities Commission Malaysia reviews its Shariah-compliant securities list twice a year (typically May and November). CIMB Group Holdings Berhad's status may change if its business activities shift into prohibited sectors or if its financial ratios (debt or interest deposits exceeding 33% of total assets) deteriorate at the next SAC review.
How often is CIMB Group Holdings Berhad re-screened for Shariah compliance?
The Securities Commission Malaysia publishes its updated Shariah-compliant securities list twice a year, in May and November, based on each company's most recent annual financial statements. HalalScreener mirrors the SC's official list and updates immediately after each publication.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.