BNP

BNP Paribas SA

HARAM — SCREEN DOES NOT PASSstock

Is BNP Halal?

French bank — universal banking with riba.

What You Should Know

BNP Paribas is a European universal bank. Q1 2026 debt was 64.49% of assets, liquidity 36.01% and receivables plus cash 37.68%; disclosed Commercial & Personal Banking net-interest revenue alone was at least 21.94% of group income.

⚠️ Concerns

  • Universal banking and consumer finance
  • Investment banking, markets and derivatives
  • At least 21.94% disclosed net-interest lower bound

Current quantitative Sharia screen

Based on Q1 2026 Press Release and Quarterly Series figures for the period ended 2026-03-31; calculated 2026-07-14.

EUR · millions
Interest-bearing debt / assets
64.49%Above limit
Below 33.333% under FTSE Yasaar

1,890,613 / 2,931,529

Cash + interest-bearing securities / assets
36.01%Above limit
Below 33.333% under FTSE Yasaar

1,055,662 / 2,931,529

Receivables + cash / assets
37.68%Within limit
Below 50% under FTSE Yasaar

1,104,476 / 2,931,529

Non-compliant income / revenue
21.94%Above limit
No more than 5% under FTSE Yasaar

3,084 / 14,056

FTSE Yasaar
v4.6, February 2026
Financial
Fails
Overall
Fails

Debt is 64.49% of assets, liquidity is 36.01%, receivables plus cash are 37.68%, and the disclosed net-interest lower bound is 21.94%; the examined limits are exceeded.

MSCI Islamic (total-assets series)
October 2024 methodology
Financial
Fails
Overall
Fails

Debt, liquidity and receivables-plus-cash exceed the examined MSCI total-assets limits.

Malaysia SAC financial ratios
single 5% activity benchmark adopted November 2025
Financial
Fails
Overall
Fails

Debt and liquidity exceed the examined SAC ratios and the core conventional-bank activity fails independently; this is a calculation against SAC ratios, not an official SAC classification.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
Financial
Not calculated
Overall
Fails

Historical market-cap ratios are not stored; a different denominator cannot cure the failed conventional-banking activity.

Business-activity disclosure

BNP Paribas is a European universal bank spanning commercial and personal banking, consumer finance, insurance, wealth management, investment banking and markets. Its disclosed Commercial & Personal Banking net-interest revenue alone was EUR 3,084 million, at least 21.94% of group Q1 net banking income.

Limitation: The release and quarterly series do not provide a single consolidated net-interest line covering every division; the disclosed CPBS lower-bound and the conventional banking model independently establish the activity concern.

Purification

Purification is not calculated because BNP Paribas fails at the core conventional-banking activity level; the disclosed CPBS net-interest lower bound is evidence of that activity, not a donation amount that makes ownership compliant.

Inputs, assumptions and primary sources
  • EUR millions from BNP Paribas' consolidated 31 March 2026 balance sheet and Q1 results release.
  • Interest-bearing funding includes central-bank deposits, fair-value deposits and repurchase agreements, issued debt and subordinated debt, deposits from credit institutions, customer deposits, debt securities and subordinated debt at amortised cost.
  • Identifiable securities include fair-value securities and loans/repurchase agreements, FVOCI debt securities and debt securities at amortised cost; derivatives are excluded. Customer loans are the receivables/financing-assets proxy.
  • Group net banking income was EUR 14,056 million. The quarterly series discloses EUR 3,084 million of net-interest revenue for Commercial & Personal Banking including 100% of Private Banking; this is a disclosed conservative lower-bound proxy, not a claim that it is the full consolidated NII.

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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