Is JPM (JPMorgan Chase & Co.) halal?

Q: Is JPM (JPMorgan Chase & Co.) halal?

HARAM: Major bank — primary business is riba (interest-based banking). JPMorgan Chase is a global bank whose core business is lending, interest income, and financial services based on riba. Cannot pass any Sharia screen.

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JPM

JPMorgan Chase & Co.

HARAM

Score: 8/100

stock

Is JPM Halal?

Major bank — primary business is riba (interest-based banking).

What You Should Know

JPMorgan Chase is a global bank whose core business is lending, interest income, and financial services based on riba. Cannot pass any Sharia screen.

⚠️ Concerns

•Core business is interest-based lending
•Investment banking
•Derivatives trading

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