Is BNY halal?
The Bank of New York Mellon Cor
Not halal
The Bank of New York Mellon Cor did not pass AAOIFI screening. The failed check is shown below.
Checked: 13 October 2026
Exchange
NYSE
Price
143.3
Day
+0.85%
Market cap
$96.92B
Industry
Banks - Diversified
Sector
Financial Services
What the company does
BNY (Bank of New York Mellon) is a custody bank: it safekeeps securities for funds and institutions and provides settlement and asset-servicing; it is not a retail bank. Revenue comes from service fees and interest.
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 $33.76B ÷ 36-month average market cap $63.19B = 53.4%
53.4%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $303.18B ÷ 36-month average market cap $63.19B = 479.8%
479.8%
Fail
Non-compliant income / total revenue
limit 5%
Interest income $25.63B ÷ annual revenue $19.76B (2025) = 129.7%
129.7%
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: $96.92B.
For information (AAOIFI 3/1 note): cash + receivables are 44.1% 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
- 0.14% weight · #118 of 503
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 8 superinvestors · Average reported price: $144.61
- First Eagle Investment Management$2.7B2.2%
- David KatzMatrix Asset Advisors$23.0M1.9%
- Dodge & Cox Funds$2.4B1.3%
- Tweedy Browne$14.8M1.1%
- Christopher DavisDavis Advisors$53.0M0.2%
- Yacktman Asset Management$9.3M0.1%
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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.