Is First Citizens BancShares, Inc. Depositary Shares, each representing a 1/40th interest in a share of 6.625% Non-Cumulative Perpetual Preferred Stock, Series E (FCNCN) Stock Halal?
According to Plutrex's Shariah screening database, First Citizens BancShares, Inc. Depositary Shares, each representing a 1/40th interest in a share of 6.625% Non-Cumulative Perpetual Preferred Stock, Series E (FCNCN) is NOT compliant with AAOIFI standards.
The verdict is read directly from Plutrex's halal screening database and is reviewed quarterly after companies file their financial statements.
Is it halal to invest in FCNCN stock?
First Citizens BancShares, Inc. Depositary Shares, each representing a 1/40th interest in a share of 6.625% Non-Cumulative Perpetual Preferred Stock, Series E (FCNCN) is not compliant with AAOIFI standards according to Plutrex's Shariah screening database, which screens business activity, interest-bearing debt and interest income ratios. The table below shows its result across five global Shariah standards.
About First Citizens BancShares, Inc. Depositary Shares, each representing a 1/40th interest in a share of 6.625% Non-Cumulative Perpetual Preferred Stock, Series E
The full FCNCN analysis — a 10-factor AI rating with a trading plan and risk assessment — lives on its Plutrex stock page.
How is a stock screened for Shariah compliance?
Plutrex applies AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) standards — the most widely accepted halal screening framework.
A stock passes when: (1) the company's primary business is not in prohibited industries (alcohol, tobacco, gambling, conventional banking, adult entertainment, pork, weapons); (2) interest-bearing debt stays below 33% of market cap; (3) interest-based income stays below 5% of revenue; and (4) cash and interest-bearing investments stay within the permitted limit.
Frequently asked questions
Is FCNCN stock halal or haram?
According to Plutrex's AAOIFI-based Shariah screening database, First Citizens BancShares, Inc. Depositary Shares, each representing a 1/40th interest in a share of 6.625% Non-Cumulative Perpetual Preferred Stock, Series E (FCNCN) is not compliant with the standards. Classification is reviewed quarterly after financial reports are released.
Which standard is this verdict based on?
Plutrex's verdict follows AAOIFI. This page also shows the stock's result under Dow Jones Islamic Market, S&P Shariah, FTSE Shariah and MSCI Islamic — five standards in one free table.
Where can I find the full analysis of FCNCN?
Plutrex's full stock page carries a 10-factor AI rating with a trading plan and risk assessment, in English and Arabic: plutrex.com/stock/FCNCN
Can I check other stocks for free?
Yes — Plutrex's halal check is free with no signup, covering US-listed stocks on NASDAQ and NYSE: plutrex.com/halal-stocks
Can Plutrex actually trade halal stocks?
Yes. Pro subscribers connect their own brokerage account (Interactive Brokers or Colmex Pro) and can build no-code strategies that carry the halal filter as a hard constraint and execute automatically — Plutrex is not a broker and never holds your funds.