Is XP Inc. (XP) halal? Not Halal. Based on AAOIFI screening, XP Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

XP Inc.

XP: Is XP Inc. Halal?

Not Halal

XP Inc.

NASDAQFinancial ServicesBR

$15.65

+4.75%

About XP Inc.

XP Inc. is a leading Brazilian financial institution offering a comprehensive range of financial services and products. Its core operations encompass securities brokerage, private pension schemes, and a full suite of commercial and investment banking solutions, including lending, foreign exchange transactions, and deposit services. The company also provides expertise in product structuring and capital markets for corporate clients and entities issuing fixed income products. Furthermore, XP Inc. delivers tailored advisory services to affluent individuals and institutional clients, alongside robust wealth management for high-net-worth individuals and institutional investors. Beyond its direct financial offerings, XP Inc. operates Xpeed, an online educational platform designed to empower individuals with knowledge through seminars, courses, and learning resources covering fundamental investment principles, techniques, and strategies. The firm's portfolio also includes insurance brokerage. A cornerstone of its client-facing technology is the XP Platform, an open-architecture marketplace that grants clients access to an extensive array of investment opportunities. These include equity and fixed income securities, mutual and hedge funds, private equity, structured products, credit cards, various loan options, life insurance, pension plans, real estate investment funds, and numerous other alternatives. Established in 2001, XP Inc. is headquartered in S茫o Paulo, Brazil.

Sector: Financial Services 路 Industry: Financial - Capital Markets

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 12, 2026
F

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Passed

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

Financial Ratio Screen

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap1041.9% / 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

8.2B

Price

$15.65

Sector

Financial Services

Industry

Financial - Capital Markets

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
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iShares Silver Trust
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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%

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Frequently Asked Questions

Is XP Inc. (XP) halal to invest in?
XP Inc. (XP) 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 XP Inc. get a F compliance rating?
XP Inc. (XP) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 1041.9% (limit 30%); interest-bearing deposits of 126.4% (limit 30%); prohibited income of 56.07% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change XP Inc.'s Shariah verdict?
XP Inc.'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 XP Inc. re-screened for Shariah compliance?
XP Inc. (XP) 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 路 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.