Is BAC (Bank of America Corp.) halal?

Q: Is BAC (Bank of America Corp.) halal?

HARAM: Major bank — riba-based business model. Bank of America is a major commercial bank earning primarily from interest-based lending. Core business is riba and cannot pass Sharia screening.

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BAC

Bank of America Corp.

HARAM

Score: 5/100

stock

Is BAC Halal?

Major bank — riba-based business model.

What You Should Know

Bank of America is a major commercial bank earning primarily from interest-based lending. Core business is riba and cannot pass Sharia screening.

⚠️ Concerns

•Core interest-based banking
•Credit cards
•Investment banking with derivatives

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