BAC
Bank of America Corp.
Is BAC Halal?
Conventional bank — disclosed net interest income is 52.02% of Q1 revenue and the core model is riba-based.
What You Should Know
Bank of America's March 31, 2026 Form 10-Q shows $3,496,186 million of assets, $2,230,159 million of interest-bearing funding and $15,745 million of net interest income against $30,272 million of quarterly revenue. The quantitative ratios and conventional banking activity fail the examined methodologies.
⚠️ Concerns
- •Interest-bearing deposits and lending
- •Credit cards and mortgages
- •Investment banking, derivatives and securities financing
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
2,230,159 / 3,496,186
1,509,444 / 3,496,186
1,698,358 / 3,496,186
15,745 / 30,272
- Financial
- Fails
- Overall
- Fails
Interest-bearing funding is 63.79% of assets, identifiable conventional liquidity is 42.40%, and net interest income is 52.02% of revenue. Conventional banking independently fails the activity screen.
- Financial
- Fails
- Overall
- Fails
Interest-bearing funding and identifiable liquidity exceed the examined total-assets limits; conventional banking also independently fails.
- Financial
- Fails
- Overall
- Fails
Interest-bearing funding, identifiable liquidity and net interest income exceed the examined limits. This is a calculation against SAC ratios, not an official SAC classification.
- Financial
- Not calculated
- Overall
- Fails
Historical market-cap ratios are not stored; a different denominator cannot cure the failed conventional-banking business activity.
Business-activity disclosure
Bank of America is a conventional global bank whose core activities include interest-bearing deposits, consumer and commercial lending, credit cards, mortgages, investment banking, markets and wealth management. Net interest income alone was 52.02% of quarterly revenue, well above the examined 5% activity benchmark.
Limitation: The filing does not classify every fee, trading, card, advisory or investment product by Sharia contract. That limitation does not change the result because conventional banking and disclosed net interest income independently establish failure.
Purification
Purification is not calculated because Bank of America fails at the core business-activity level. The 52.02% net-interest figure establishes failure; it is not a donation percentage that makes continued ownership compliant.
Inputs, assumptions and primary sources
- Amounts are USD millions from Bank of America's March 31, 2026 Form 10-Q.
- Interest-bearing funding includes interest-bearing deposits, federal funds purchased and securities sold under repurchase agreements, short-term borrowings and long-term debt.
- Identifiable interest-bearing assets include interest-bearing deposits, resale agreements, available-for-sale and held-to-maturity debt securities; trading assets are excluded rather than assumed entirely interest-bearing.
- Receivables include financing receivables, customer and other receivables, and resale agreements; this is a conservative screening input.
- Net interest income of $15,745 million is compared with $30,272 million of quarterly revenue as a directly disclosed minimum non-compliant business-revenue numerator.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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