Is BAC halal?
Bank of America Corporation
Not halal
Bank of America Corporation did not pass AAOIFI screening. The failed check is shown below.
Checked: 16 October 2026
Exchange
NYSE
Price
51.23
Day
-0.91%
Market cap
$360.86B
Industry
Banks - Diversified
Sector
Financial Services
What the company does
Bank of America is the second-largest US bank: accounts, cards and mortgages for consumers, loans for companies, and brokerage/wealth management through Merrill. Most revenue is loan interest and service fees.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
Prohibited activity: Banks - Diversified
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $383.59B ÷ 36-month average market cap $331.09B = 115.9%
115.9%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $636.25B ÷ 36-month average market cap $331.09B = 192.2%
192.2%
Fail
Non-compliant income / total revenue
limit 5%
Interest income $138.57B ÷ annual revenue $113.10B (2025) = 122.5%
122.5%
Fail
Figures from the company's filings (2026-03-31), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict. Today's market cap: $360.86B.
For information (AAOIFI 3/1 note): cash + receivables are 20.9% of total assets (2026-03-31). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- 0.50% weight · #33 of 503
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 16 superinvestors · Average reported price: $56.98
- Warren BuffettBerkshire Hathaway$27.5B9.2%
- Harry BurnSound Shore$116.1M3.6%
- Bill NygrenOakmark Funds$1.3B1.8%
- Tweedy Browne$20.8M1.6%
- Francis ChouChou Associates$2.8M1.3%
- Richard PzenaPzena Investment Management$359.6M1.1%
Exited this quarter: Li Lu
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- Halal investingBlogWhy a company's cash affects whether its stock is halalLots of cash sounds like a good sign — but halal screening checks it separately. What counts, what doesn't, and where we are stricter than AAOIFI.
- Halal investingBlogAAOIFI Shariah Standard No. 21 in plain languageThe most widely used standard for halal stock screening: the two-step test, the three ratios and how it differs from other methods.
Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.