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Shariah compliance overview

Not Halal

Bank of Montreal (BMO) is currently classified as Not Halal by Akinda Shariah screening (AAOIFI-aligned methodology).

About Bank of Montreal

Bank of Montreal engages in the provision of diversified financial services primarily in North America. The company operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments.

Bank of Montreal (BMO) 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
44.84%Limit 5%Fail
Interest-bearing debt
387.98%Limit 30%Fail
Interest-bearing securities and assets
98.11%Limit 30%Fail
Dividend purification
44.84%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 Montreal (BMO). Current Akinda screening label: Not Halal.