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Shariah compliance overview

Not Halal

Bank of America Corporation (BAC) is currently classified as Not Halal by Akinda Shariah screening (AAOIFI-aligned methodology).

About Bank of America Corporation

Operating globally through its various subsidiaries, Bank of America Corporation offers a comprehensive range of banking and financial products and services.

Bank of America Corporation (BAC) operates in the Financial Services sector, in the Banks - Diversified industry.

Why it is not classified as halal: it does not pass these screens: Business Activity, Interest-bearing debt, Interest-bearing securities and assets.

Business Activity
82.17%Limit 5%Fail
Interest-bearing debt
105.70%Limit 30%Fail
Interest-bearing securities and assets
278.38%Limit 30%Fail
Dividend purification
62.07%Share of dividends to give to charityPurification calculator

Last updated: Oct 23, 2026 · Screening is informational and not a fatwa. Consult a qualified scholar for personal guidance.

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Frequently asked questions

Quick answers about Bank of America Corporation (BAC). Current Akinda screening label: Not Halal.