Is EVR halal?

What the company does

Evercore is an independent investment bank: merger and acquisition advisory (the main revenue), restructuring and capital raising, plus wealth management. Its money comes from advisory 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

  Activity needs clarification: Capital Markets

• Interest-bearing debt / market cap

  limit 30%

  Interest-bearing debt $539.98M ÷ 36-month average market cap $10.11B = 5.3%

  5.3%

  Pass

• Cash & investments / market cap

  limit 30%

  Cash + interest-bearing securities $2.42B ÷ 36-month average market cap $10.11B = 24.0%

  24.0%

  Pass

• Non-compliant income / total revenue

  limit 5%

  Interest income $0 ÷ annual revenue $3.86B (2025) = 0.0%

  0.0%

  Pass

Figures from the company's filings (2026-06-30), 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: $9.92B.

For information (AAOIFI 3/1 note): cash + receivables are 44.9% of total assets (2026-06-30). 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

Not in the S&P 500

Held by funds

Not held by any tracked fund