Is Itaú Unibanco Holding S.A. (ITUB) halal? Not Halal. Based on AAOIFI screening, Itaú Unibanco Holding S.A. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Itaú Unibanco Holding S.A.

ITUB: Is Itaú Unibanco Holding S.A. Halal?

Not Halal

Itaú Unibanco Holding S.A.

NYSEFinancial ServicesBR

$7.91

+3.81%

About Itaú Unibanco Holding S.A.

Itaú Unibanco Holding S.A. delivers a broad spectrum of financial and insurance solutions to both individual and corporate clientele, operating within Brazil and internationally. The company organizes its activities across three primary divisions: Retail Banking, Wholesale Banking, and Activities with the Market and Corporation. Its extensive service portfolio encompasses various deposit instruments, lending products such as loans and credit cards, specialized investment and commercial banking, real estate financing, general financing and investment management, leasing, and foreign exchange services. Additionally, Itaú Unibanco is a prominent insurer, offering property and casualty coverage for losses, damages, or liabilities pertaining to assets and individuals, along with life insurance for death and personal accidents, and reinsurance. Its diverse customer base includes retail consumers (both account and non-account holders), private individuals and legal entities, high-net-worth clients, and micro to small enterprises. Established in 1924 and headquartered in São Paulo, Brazil, the firm adopted its current name, Itaú Unibanco Holding S.A., in April 2009, having previously been known as Itaú Unibanco Banco Múltiplo S.A. It functions as a subsidiary of IUPAR - Itaú Unibanco Participações S.A.

Sector: Financial Services · Industry: Banks - Regional

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 12, 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.)

  • Prohibited industry: Banks - Regional

Financial Ratio Screen

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap1161.5% / 30.0%

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

Tracked since May 2026. Updates automatically on each re-screen.

Screened: Jun 12, 2026Fiscal: FY 2025Source: FMP

Financial Overview

Market Cap

87.2B

Price

$7.91

Sector

Financial Services

Industry

Banks - Regional

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

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Frequently Asked Questions

Is Itaú Unibanco Holding S.A. (ITUB) halal to invest in?
Itaú Unibanco Holding S.A. (ITUB) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did Itaú Unibanco Holding S.A. get a F compliance rating?
Itaú Unibanco Holding S.A. (ITUB) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 1161.5% (limit 30%); interest-bearing deposits of 489.9% (limit 30%); prohibited income of 66.25% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Itaú Unibanco Holding S.A.'s Shariah verdict?
Itaú Unibanco Holding S.A.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is Itaú Unibanco Holding S.A. re-screened for Shariah compliance?
Itaú Unibanco Holding S.A. (ITUB) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 12, 2026.

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.