Cullen/Frost Bankers, Inc.

CFR stock is not Shariah-compliant

مدعوم بواسطة Zoya API

About Cullen/Frost Bankers, Inc. (CFR)

Cullen/Frost Bankers, Inc. operates as the bank holding company for Frost Bank that offers commercial and consumer banking services in Texas. It operates in two segments, Banking and Frost Wealth Advisors, providing various services such as financing, commercial leasing, checking accounts, loans, international banking, trust and investment management, insurance, and securities brokerage. The company has approximately 157 financial centers and 1,650 ATMs, serving industries like energy, manufacturing, services, construction, and healthcare.

الأسئلة المتداولة

Is Cullen/Frost Bankers, Inc. (CFR) stock halal to invest in?
As of , CFR is not Shariah-compliant and therefore considered halal to invest in. This assessment is based on the data available in Cullen/Frost Bankers, Inc.'s most recent financial reports.
As of , CFR is not Shariah-compliant and therefore not considered halal to invest in. This assessment is based on the data available in Cullen/Frost Bankers, Inc.'s most recent financial reports.
As of , CFR is flagged as not Shariah-compliant in terms of Shariah compliance based on the company's latest financial reports. This means that while the company's operations do not definitively violate Islamic guidelines, there are certain aspects of Cullen/Frost Bankers, Inc.'s business that require careful consideration.
Does Cullen/Frost Bankers, Inc. have any interest income?
Yes, Cullen/Frost Bankers, Inc. does have interest income. According to the company's latest annual report for the fiscal year ending Dec 31, 2023, Cullen/Frost Bankers, Inc. reported revenue of 1987206000 and interest income of 2217716000. The interest income represents 52.74% of the combined total. It's worth noting that some companies may report additional interest income as part of their revenue. For a detailed breakdown of all interest income and revenue segments, please refer to the full Shariah compliance report available in the Zoya app.
No, Cullen/Frost Bankers, Inc. has not reported any interest income. According to the company's latest annual report for the fiscal year ending Dec 31, 2023, Cullen/Frost Bankers, Inc. reported total revenue of 1987206000, with no separate interest income disclosed. However, it's worth noting that some companies may report interest income as part of their revenue. For a detailed breakdown of all interest income and revenue segments, please refer to the full Shariah compliance report available in the Zoya app.
What guidelines are used to determine if Cullen/Frost Bankers, Inc. stock is Shariah-compliant?
We use the guidelines set by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) to assess Shariah compliance. AAOIFI is a leading international organization that establishes standards for Islamic finance. Their guidelines help determine if a company's business activities and financial structure align with Islamic principles. These standards are widely respected in the Islamic finance industry and provide a consistent framework for evaluating the Shariah compliance of stocks and other financial instruments. AAOIFI's Shariah board includes renowned scholars such as Sheikh Muhammad Taqi Usmani, Sheikh Mohamed Ali Elgari, Sheikh Abdullah AlManea, Sheikh Nizam Yaquby, and Dr. Aznan Hassan.
How often is Cullen/Frost Bankers, Inc. stock reviewed for Shariah compliance?
The Shariah compliance status of Cullen/Frost Bankers, Inc. stock is reviewed on a regular basis, with a minimum frequency of once per quarter. However, if there are any significant changes or major developments in the company's operations that may impact its compliance, an immediate review will be conducted to ensure ongoing adherence to Shariah principles.
How can I stay updated on Cullen/Frost Bankers, Inc.'s compliance status?
To stay informed, we recommend regularly checking Zoya for updates. You can also enable alerts within the Zoya app to receive notifications whenever there is a change in the Shariah compliance of CFR, or any other stocks you are monitoring. This is particularly useful as Shariah compliance can fluctuate due to changes in a company's financial ratios or business activities.
Are dividends from Cullen/Frost Bankers, Inc. stock considered halal?
Yes, dividends from CFR are considered halal. However, you may need to purify a portion of the dividend if the company has any impermissible revenue. Shariah standards typically allow up to 5% of revenue from impermissible sources for a stock to remain compliant. To find the exact percentage of impermissible revenue for Cullen/Frost Bankers, Inc. (CFR), check the Zoya app. For more details on the purification process, read our comprehensive guide.
No, dividends from CFR are not considered halal because the stock is currently not Shariah-compliant. When a stock is non-compliant, any dividends received from it are considered impermissible income and should be donated to charity as a form of purification. To learn more about the purification process and how to handle impermissible income, read our comprehensive guide.
Do I need to pay Zakat on my Cullen/Frost Bankers, Inc. shares?
If you hold Cullen/Frost Bankers, Inc. stock as an investment, through an Employee Stock Ownership Plan (ESOP), stock options, restricted stock units (RSUs), or any other form of stock ownership, and meet the Nisab threshold, you may be required to pay Zakat on it. The calculation of Zakat on investments can be complex and depends on various factors. To help make this easy, we've created a free Zakat calculator for stocks. For a more seamless experience, use the Zoya mobile app, where you can link your brokerage account to automatically import holdings.

How to buy Cullen/Frost Bankers, Inc. (CFR) stock on Zoya

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