What is Byline Bancorp, Inc.'s Shariah compliance score?

Byline Bancorp, Inc.'s (BY) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Byline Bancorp, Inc. pass AAOIFI screening?

Byline Bancorp, Inc. (BY) 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% (BY: 35.4%), (3) interest-bearing deposits below 30% (BY: 91.8%), and (4) prohibited income below 5% (BY: 90.9%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Byline Bancorp, Inc. stock?

Byline Bancorp, Inc. (BY) has a non-permissible income ratio of 90.90%. Muslim investors should purify this percentage of any dividends received and capital gains realized from BY 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 Byline Bancorp, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Byline Bancorp, Inc. (BY) 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 BY's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Byline Bancorp, Inc. (BY) halal? Not Halal. Based on AAOIFI screening, Byline Bancorp, Inc. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

BY: Is Byline Bancorp, Inc. Halal?

Not Halal

Byline Bancorp, Inc.

NYSEFinancial ServicesUS

$35.15

+0.26%

AvoidBorderlineClean

About Byline Bancorp, Inc.

Byline Bancorp, Inc. functions as the parent company for Byline Bank, which delivers a wide array of banking products and services. Its diverse clientele includes small and medium-sized enterprises, commercial real estate developers, financial sponsors, and individual consumers across the United States. The bank's offerings encompass various deposit options such as non-interest-bearing and interest-bearing checking accounts, money market accounts, savings accounts, and time deposits. Customers also benefit from ATM and debit cards, along with convenient online, mobile, and text banking platforms, as well as commercial deposit services. In terms of credit, Byline Bank provides term loans, revolving lines of credit, and construction financing. It specializes in senior secured financing for lower middle market companies backed by private equity, in addition to government-guaranteed Small Business Administration (SBA) and United States Department of Agriculture (USDA) loans. Further services include treasury management and financing solutions for equipment vendors and their clients. For high-net-worth individuals, foundations, and endowments, the company offers comprehensive investment, trust, and wealth management services. These include fiduciary and executor roles, personalized financial planning, investment advisory, and private banking. Founded in Chicago, Illinois, in 1914, Byline Bancorp, Inc. was previously known as Metropolitan Bank Group, Inc. until its renaming in 2015. The institution operates 43 branch locations within the greater Chicago area and maintains one branch in Brookfield, Wisconsin.

Sector: Financial Services · Industry: Banks - Regional

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 20, 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 Cap35.4% / 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 20, 2026Fiscal: FY 2025Source: FMP

Financial Overview

Market Cap

1.6B

Price

$35.15

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 Byline Bancorp, Inc. (BY) halal to invest in?

Byline Bancorp, Inc. (BY) 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 Byline Bancorp, Inc. get a F compliance rating?

Byline Bancorp, Inc. (BY) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 35.4% (limit 30%); interest-bearing deposits of 91.8% (limit 30%); prohibited income of 90.90% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Byline Bancorp, Inc.'s Shariah verdict?

Byline Bancorp, 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 Byline Bancorp, Inc. re-screened for Shariah compliance?

Byline Bancorp, Inc. (BY) 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 20, 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.