BAC
Quality Rating
This report evaluates the Shariah compliance of BAC, a company in its sector, based on financial ratios, business activities, index inclusions, and multi-perspective analyses. The core business involves conventional financial services, leading to non-compliance under standard Shariah screenings. Financial ratios show significant failures in debt and liquidity metrics, though income-related ratios pass. No inclusion in major Shariah indices confirms the non-compliant status. Investors should consider alternatives in permissible sectors.
Purification Required
Minimal purification needed for dividend income
Index Inclusion
Not included in S&P Dow Jones Shariah Indices, MSCI Islamic Indices, FTSE Shariah Indices, or Dow Jones Islamic Market (DJIM)
Key Compliance Considerations
- Excessive debt ratio (203.82%) exceeding all thresholds
- High liquidity ratio (185.58%) failing Shariah limits
- Core business activities involving riba (interest-based banking)
Debt Ratio
2.0%
Liquidity Ratio
1.9%
Interest Income Ratio
0.0%
Purification
0.00%