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The Toronto-Dominion Bank

TD stock is not Shariah-compliant

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About The Toronto-Dominion Bank (TD)

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. It offers personal deposits, financing, investment, cash management, international trade, day-to-day banking services, credit cards, payments, real estate secured lending, auto finance, consumer lending, wealth and asset management, insurance, capital markets, corporate and investment banking products and services. The company operates a network of branches, automated teller machines (ATMs), and offers telephone, digital, and mobile banking services.

Frequently asked questions

Is The Toronto-Dominion Bank (TD) stock halal to invest in?
As of , TD is not Shariah-compliant and is therefore not considered a halal investment. This assessment is based on the data available in The Toronto-Dominion Bank's most recent financial reports.
Does The Toronto-Dominion Bank have any interest income?
Yes, The Toronto-Dominion Bank does have interest income. According to the company's latest annual report for the fiscal year ending Oct 31, 2025, The Toronto-Dominion Bank reported revenue of CA$115,840,000,000 and interest income of CA$87,621,000,000. The interest income represents 75.64% 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.
What guidelines are used to determine if The Toronto-Dominion Bank 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 The Toronto-Dominion Bank stock reviewed for Shariah compliance?
The Shariah compliance status of The Toronto-Dominion Bank 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 The Toronto-Dominion Bank'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 TD, 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 The Toronto-Dominion Bank stock considered halal?
No, dividends from TD 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 The Toronto-Dominion Bank shares?
If you hold The Toronto-Dominion Bank 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.

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See how The Toronto-Dominion Bank compares with its peers:

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•  Citigroup (C)

•  JPMorgan Chase (JPM)

•  Nu Holdings Ltd. (NU)

•  Wells Fargo & Co (WFC)

Shariah compliance data powered by the Zoya API. Chart by TradingView
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