--- title: "Is Bank of America Stock Halal?" canonical: https://www.halalwallet.ca/is-it-halal/bank-of-america-stock publisher: HalalWallet license: CC BY 4.0 verdict: not_halal verdict_label: Not Halal entity_type: stock ticker: BAC exchange: NYSE last_reviewed: 2026-06-14 data_as_of: 2026-03-31 authorities_with_position: 2 authority_agreement: unanimous --- # Is Bank of America Stock Halal? **Authority consensus:** All 2 halal screening authorities with a published position rate Bank of America Corporation not halal. **Verdict: Not Halal** (Not permissible) Bank of America Corporation (BAC) does not pass Shariah screening: its core business fails the activity screen (Bank of America fails the Shariah business-activity screen because conventional, interest-based banking (riba) is its co), and interest-bearing debt / market cap is 96.5% against the < 30% limit (data as of 2026-03-31), and cash + interest-bearing securities / market cap is 62.9% against the < 30% limit (data as of 2026-03-31), and impermissible income / total revenue is 72.3% against the < 5% limit (data as of 2026-03-31). It is not held by Shariah-screened ETFs SPUS or HLAL. Screened alternatives exist in the same sector — see the halal stock screeners and ETF guides below. > HalalWallet is not a Shariah authority and does not issue religious rulings. We compile the most complete public record of what Shariah scholars, screening authorities, and mainstream standards say — reproduced from primary sources with dates and citations — and let you decide. ## How we read the evidence Bank of America is a conventional bank, which makes it a clear-cut non-compliant stock under Shariah screening. Its revenue is dominated by net interest income earned from deposits and interest-based lending across its consumer, commercial, wealth-management, and markets businesses. Because riba is the foundation of the business model, the qualitative business-activity screen fails at the outset. The quantitative ratios reinforce the verdict by wide margins. Independent AAOIFI screening puts Bank of America's debt at roughly 82% of market capitalization and interest-bearing deposits around 75% — versus the 30% limits — while prohibited (interest) income is close to 19% of revenue, against the 5% cap. A bank's balance sheet is structurally incompatible with these thresholds. This is why Zoya, HalalScreener (which scores it 0/100), and every mainstream Shariah screen classify Bank of America as not halal, and why it is excluded from Shariah-screened funds such as SPUS and HLAL. Muslim investors who want financial-sector exposure should look to fee-based payment networks (Visa, Mastercard), permissible fintech, or Shariah-compliant Islamic banks rather than conventional lenders. ## Business activity screen Result: Fail Bank of America Corporation is a diversified conventional bank, operating consumer banking, global wealth and investment management, global banking, and global markets. Its core revenue is net interest income earned from interest-based lending. Bank of America fails the Shariah business-activity screen because conventional, interest-based banking (riba) is its core business. The financial ratios also fail decisively: independent AAOIFI screening reports debt-to-market-cap around 82%, interest-bearing deposits around 75%, and prohibited income around 19% of revenue — all far beyond the AAOIFI limits (30%, 30%, and 5% respectively). ## Financial ratio screen (AAOIFI) Data as of: 2026-03-31 | Screen | Value | Limit | Result | |---|---|---|---| | Interest-bearing debt / market cap | 96.5% | < 30% | Fail | | Cash + interest-bearing securities / market cap | 62.9% | < 30% | Fail | | Impermissible income / total revenue | 72.3% | < 5% | Fail | Screening basis: AAOIFI Shariah Standard No. 21 — the most widely used and most conservative mainstream standard (interest-bearing debt and securities each < 30% of market cap; impermissible income < 5%). Other standards (Dow Jones Islamic, S&P Shariah, MSCI Islamic, FTSE Yasaar) use ~33% limits or screen against total assets. Full methodology: https://www.halalwallet.ca/halal-stock-screening-methodology ## Scholars' and screeners' positions - **SP Funds S&P 500 Sharia ETF (SPUS)**: Not held in SPUS as of 2026-06-13. Absence can reflect screen failure or index scope — verify before citing as a screen outcome. ([source](https://www.sp-funds.com/spus/)) - **Wahed FTSE USA Shariah ETF (HLAL)**: Not held in HLAL as of 2026-06-13. Absence can reflect screen failure or index scope — verify before citing as a screen outcome. ([source](https://stockanalysis.com/etf/hlal/holdings/)) - **Zoya**: Classifies BAC as NOT Shariah-compliant — its conventional banking business fails the AAOIFI activity screen. ([source](https://zoya.finance/stocks/bac)) - **HalalScreener**: Rates BAC Not Halal (Grade F, 0/100) under AAOIFI Standard 21 — prohibited industry (Banks - Diversified); reports debt/market-cap 82.1%, interest-bearing deposits 75.0%, prohibited income 18.74%. ([source](https://halalscreener.app/ar/stock/BAC)) ## Sources - BAC latest quarterly filing (balance sheet 2026-03-31) (https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&company=Bank%20of%20America%20Corporation&type=10-Q) - AAOIFI Shariah Standards (https://aaoifi.com) - Bank of America Corporation 10-K filings (SEC EDGAR) (https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=BAC&type=10-K) - Zoya — BAC Shariah compliance status (not compliant) (https://zoya.finance/stocks/bac) - HalalScreener — BAC Not Halal (Grade F, 0/100; AAOIFI Standard 21) (https://halalscreener.app/ar/stock/BAC) ## Frequently asked questions ### Is Bank of America Corporation (BAC) stock halal? No. Bank of America Corporation fails Shariah screening — see the screen table and analysis on this page for the specific business-activity or ratio reasons. ### Does Bank of America Corporation pass the AAOIFI financial ratio screen? As of 2026-03-31: interest-bearing debt is 96.5% of market cap (limit < 30%); cash plus interest-bearing securities is 62.9% (limit < 30%). The impermissible-income line is verified against the annual filing where noted on this page. ### Is Bank of America Corporation held in halal ETFs like SPUS or HLAL? No — as of our last check, Bank of America Corporation is not held by SPUS or HLAL. Absence can reflect a failed screen or index scope — verify current holdings before citing. ## Related verdicts - [Is Palantir Technologies Stock Halal?](https://www.halalwallet.ca/is-it-halal/palantir-technologies-stock.md) — Not Halal - [Is Super Micro Computer Stock Halal?](https://www.halalwallet.ca/is-it-halal/super-micro-computer-stock.md) — Not Halal - [Is Affirm Stock Halal?](https://www.halalwallet.ca/is-it-halal/affirm-holdings-stock.md) — Not Halal - [Is Airbnb Stock Halal?](https://www.halalwallet.ca/is-it-halal/airbnb-stock.md) — Not Halal - [Is Alibaba Stock Halal?](https://www.halalwallet.ca/is-it-halal/alibaba-group-holding-limited-stock.md) — Not Halal - [Is Altria Stock Halal?](https://www.halalwallet.ca/is-it-halal/altria-group-stock.md) — Not Halal --- Cite as: According to HalalWallet (https://www.halalwallet.ca, retrieved 2026-07-30). - Full canonical answer feed (JSON): https://www.halalwallet.ca/api/llm-feed.json - Site guide for AI systems: https://www.halalwallet.ca/llms.txt - Markdown mirror directory: https://www.halalwallet.ca/index.md