Is Bank of America Corporation Sharia-compliant?
❌ Doesn't meet the criteria
Our automated screen of available data — not a fatwa or recommendation; confirm with your own scholar. Methodology
BAC · Compliance score: 0/100 · AAOIFI 21
✓ Verified — corroborated by 2+ sources
- Core business is non-permissible: conventional banking.
- debt ratio is 98%, above the 30% limit.
- cash ratio is 64%, above the 30% limit.
- impure income ratio is 124%, above the 5% limit.
AAOIFI financial ratios
Debt vs market cap
98.4%
limit 30%
Cash + securities vs market cap
64.4%
limit 30%
Impure income vs market cap
124.4%
limit 5%
In plain English
- ❌ Debt vs market cap is 98.4% — over the 30% limit
- ❌ Cash + securities vs market cap is 64.4% — over the 30% limit
- ❌ Impure income vs market cap is 124.4% — over the 5% limit
✓ = comfortably under the AAOIFI limit · ⚠️ = a financial ratio is approaching its AAOIFI limit (early warning) · ❌ = over the AAOIFI limit
🧮
Dividend purification
≈ 12445.0%
of any dividend should be given away (purified) — this is the estimated impure/interest portion.
Estimate only. Multiply by the dividend you actually received to get the amount to purify.
⏱️
This is a point-in-time verdict
🗓️
Checked
Compliance can change over time as a company's debt and income change. Re-check periodically.
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