What is Webster Financial Corporation's Shariah compliance score?

Webster Financial Corporation's (WBS) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Webster Financial Corporation pass AAOIFI screening?

Webster Financial Corporation (WBS) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (WBS: 6.1%), (3) interest-bearing deposits below 30% (WBS: 17.1%), and (4) prohibited income below 5% (WBS: 1601.7%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Webster Financial Corporation stock?

Webster Financial Corporation (WBS) has a non-permissible income ratio of 1601.71%. Muslim investors should purify this percentage of any dividends received and capital gains realized from WBS shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Webster Financial Corporation for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Webster Financial Corporation (WBS) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about WBS's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Webster Financial Corporation (WBS) halal? Not Halal. Based on AAOIFI screening, Webster Financial Corporation has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

WBS: Is Webster Financial Corporation Halal?

Not Halal

Webster Financial Corporation

NYSEFinancial ServicesUS

$75.01

+0.25%

AvoidBorderlineClean

About Webster Financial Corporation

Webster Financial Corporation functions as the parent entity for Webster Bank, National Association, providing a comprehensive suite of banking, investment, and financial services throughout the United States. Its offerings cater to a diverse clientele, including individual consumers, families, and businesses. The company's operations are divided into three primary divisions: 1. Commercial Banking: This segment delivers core services such as lending, deposit management, and advanced cash management solutions. Its specialized financial products include commercial and industrial loans and leasing, commercial real estate financing, equipment and asset-based lending, along with treasury and payment services. Additionally, it offers extensive wealth management options, including trust services, asset management, financial planning, insurance, retirement solutions, and investment products for business owners, operators, and individual clients. 2. HSA Bank: Focused on health-related financial solutions, this division provides health savings accounts (HSAs), health reimbursement arrangements (HRAs), flexible spending accounts (FSAs), and commuter benefits. These products are distributed directly to employers and individuals, as well as through collaborations with national and regional insurance carriers, consultants, and financial advisors. 3. Retail Banking: Tailored for individual consumers, this segment offers traditional deposit and fee-based services, residential mortgages, home equity lines of credit, various secured and unsecured loans, and credit card products. In addition to its segmented services, Webster Financial Corporation ensures accessible banking through its online and mobile platforms. As of December 31, 2021, the company maintained a physical presence with 130 banking centers and 251 ATMs. Founded in 1935, its corporate headquarters are located in Stamford, Connecticut.

Sector: Financial Services · Industry: Banks - Regional

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 2026

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 Cap6.1% / 30.0%

Compliance History

Not Halal, unchanged since Jun 2026.

No status changes recorded since we began tracking.

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

Screened: Jun 18, 2026Fiscal: Q1 2026Source: FMP

Financial Overview

Market Cap

12.2B

Price

$75.01

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:

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Free · No credit card required

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Frequently Asked Questions

Is Webster Financial Corporation (WBS) halal to invest in?

Webster Financial Corporation (WBS) 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 Webster Financial Corporation get a F compliance rating?

Webster Financial Corporation (WBS) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 6.1% (limit 30%); interest-bearing deposits of 17.1% (limit 30%); prohibited income of 1601.71% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Webster Financial Corporation's Shariah verdict?

Webster Financial Corporation'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 Webster Financial Corporation re-screened for Shariah compliance?

Webster Financial Corporation (WBS) 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 18, 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.