NYSE: Closed
NASDAQ: Closed
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TSX: Closed
Nikkei: Closed
Shanghai: Closed
Fri, Apr 17 10:49 AM
Non-Compliant

BAC

Quality Rating

B
Minimal compliance quality

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
0.00%
minimal

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

Debt Ratio

2.0%

Liquidity Ratio

1.9%

Interest Income Ratio

0.0%

Purification

0.00%