Is LendingClub Stock Halal?
LendingClub Corporation · LC · NYSE
All 2 halal screening authorities with a published position rate LendingClub Corporation not halal.
LendingClub Corporation (LC) does not pass Shariah screening: its core business fails the activity screen (LendingClub (LC) — peer-to-peer and bank lending platform earning interest on loans), and cash + interest-bearing securities / market cap is 38.7% against the < 30% limit (data as of 2026-03-31), and impermissible income / total revenue is 72.0% against the < 5% limit (data as of 2026-03-31). Screened alternatives exist in the same sector — see the halal stock screeners and ETF guides below.
Financial data as of 2026-03-31 · Screening basis: AAOIFI · Last reviewed 2026-06-15
HalalWallet is not a Shariah authority and does not issue religious rulings. We compile the most complete public record of what Shariah scholars, screening authorities, and mainstream standards say — reproduced from primary sources with dates and citations — and let you decide.
Do the halal screening authorities agree?
- HalalWallet (AAOIFI)· Not halal
- Musaffa· Not halal
All 2 halal screening authorities with a published position rate LendingClub Corporation not halal.
Stances are normalized from each authority's own dated public position. Disagreement usually reflects a methodology or standard difference (ratio timing, market-cap vs total-assets denominator), not an error. For the fund screens (Wahed/HLAL, SP Funds/SPUS), only a confirmed holding that passed the fund's screen counts as a pass — a non-holding is left blank because absence can reflect index scope.
Is LendingClub Stock Halal?
All 2 halal screening authorities with a published position rate LendingClub Corporation not halal. LendingClub Corporation (LC) does not pass Shariah screening: its core business fails the activity screen (LendingClub (LC) — peer-to-peer and bank lending platform earning interest on loans), and cash + interest-bearing securities / market cap is 38.7% against the < 30% limit (data as of 2026-03-31), and impermissible income / total revenue is 72.0% against the < 5% limit (data as of 2026-03-31). Screened alternatives exist in the same sector — see the halal stock screeners and ETF guides below.
- Interest-bearing debt / market cap: 0.6% (< 30%) — Pass
- Cash + interest-bearing securities / market cap: 38.7% (< 30%) — Fail
- Impermissible income / total revenue: 72.0% (< 5%) — Fail
- Financial ratios sourced from filings as of 2026-03-31.
How we read the evidence
HalalWallet's editorial synthesis of the screens, scholar positions, and sources documented on this page — not a religious ruling.
LendingClub (LC) — peer-to-peer and bank lending platform earning interest on loans; fails the business-activity screen (conventional lending).
Our verdict rests primarily on the business-activity screen: LendingClub (LC) — peer-to-peer and bank lending platform earning interest on loans; fails the business-activity screen (conventional lending). Financial ratios alone cannot cure a failed activity screen.
Zoya's public page did not return a clear status when we checked (checked 2026-06-15). Musaffa lists it NOT HALAL. U.S. Shariah ETFs SPUS and HLAL publish holdings on their own schedules — absence from a top-holdings list is not the same as a failed screen; verify current ETF holdings if index validation matters to you.
Practical takeaway: do not treat this as a borderline hold — the fail is structural on our methodology. Use Shariah-screened ETFs (SPUS, HLAL) or individually screened peers in the same sector instead.
Business Activity Screen
LendingClub Corporation acts as the bank holding entity for LendingClub Bank, National Association, delivering a broad spectrum of financial products and services across the U.S. through its advanced digital platform. The company provides various types of loans, including commercial and industrial, commercial real estate, small business, and equipment financing, alongside equipment leasing. Its portfolio also features unsecured personal, auto, patient finance, and education finance loans. Additi
LendingClub (LC) — peer-to-peer and bank lending platform earning interest on loans; fails the business-activity screen (conventional lending).
Financial Ratio Screen
| Screen | Value | AAOIFI limit | Result |
|---|---|---|---|
| Interest-bearing debt / market cap | 0.6% | < 30% | Pass |
| Cash + interest-bearing securities / market cap | 38.7% | < 30% | Fail |
| Impermissible income / total revenueInterest income $961.5M on $1.33B total revenue (LendingClub Corporation FY2025 (fiscal year ended 2025-12-31, Form 10-K)) = 72% — above AAOIFI's 5% limit. | 72.0% | < 5% | Fail |
Spot market cap at research date (consider trailing average for borderline names). Data as of 2026-03-31 · thresholds per AAOIFI Shariah standards.
This verdict uses the AAOIFI standard — the most widely used and, at a 30% debt limit, the most conservative mainstream Shariah standard. Interest-bearing debt and interest-bearing securities each stay under 30% of market cap, and impermissible income under 5% of revenue. Other standards (Dow Jones Islamic, S&P Shariah, MSCI Islamic, FTSE Yasaar) use ~33% limits or screen against total assets, so a borderline company can be rated differently by each. How we screen & why screeners disagree →
Scholars' & Screeners' Positions
Published positions, cited as stated. Screeners can reach different conclusions on the same company because of ratio timing and methodology differences — we report the disagreement rather than flatten it.
Musaffa
Public page classifies the stock NOT HALAL (checked 2026-06-15).
Source →HalalWallet AAOIFI screen
Rates LendingClub Corporation (LC) non-compliant: it fails the business-activity screen — its core operations fall in a sector AAOIFI screening treats as non-compliant (see the activity description and analysis on this page).
Source →
What to do instead
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The Final Step: Your Scholar Conversation
Major whether LendingClub Corporation is halal decisions involve nuances that vary by scholarly opinion and personal circumstance — which is why HalalWallet is built as the research step, not the ruling. We do the homework on comparisons, structures, and oversight; a qualified Islamic scholar, your local imam, or a Shariah-certified financial advisor covers what no comparison site can — guidance specific to your situation. Bring your shortlist to that conversation so it starts at the decision, not the basics.
How to use this comparison: HalalWallet is an independent educational comparison platform — by design, we do not provide financial, legal, or religious advice. We do the research homework so your final checks are quick and personal.
Product structures and Shariah oversight vary by provider, so finish with three built-in steps:
- Confirm current terms and halal compliance directly with the provider — their quote is final.
- Review the contract structure (Murabaha, Ijara, Musharakah, etc.) and any disclosed Shariah board opinions.
- Bring your shortlist to a qualified Islamic finance advisor or scholar, so the conversation is about your situation, not the basics.
Frequently Asked Questions
Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-07-01
- LC latest quarterly filing (balance sheet 2026-03-31)
- AAOIFI Shariah Standards
- LendingClub Corporation SEC EDGAR filings
- Zoya — LC Shariah compliance
- Musaffa — LC
- SPUS Schedule of Investments reference (2026-02-28)
- HLAL holdings reference (2026-06-05)
- HalalWallet Methodology
- Editorial Policy
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- Halal verdict corpus (JSON)
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