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Shariah compliance overview

Not Halal

The Bank of Nova Scotia (BNS) is currently classified as Not Halal by Akinda Shariah screening (AAOIFI-aligned methodology).

About The Bank of Nova Scotia

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally.

The Bank of Nova Scotia (BNS) 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
45.60%Limit 5%Fail
Interest-bearing debt
526.95%Limit 30%Fail
Interest-bearing securities and assets
113.68%Limit 30%Fail
Dividend purification
44.82%Share of dividends to give to charityPurification calculator

Last updated: Nov 3, 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 The Bank of Nova Scotia (BNS). Current Akinda screening label: Not Halal.