Industrial and Commercial Bank of China Limited
1398Company Overview
The Industrial and Commercial Bank of China was established on January 1, 1984. On October 28, 2005, the Bank as a whole was restructured as a company limited by shares. On October 27, 2006, the Bank successfully listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange on the same day. The Bank is committed to building a world-class modern financial enterprise with Chinese characteristics, with a high-quality customer base, diversified business structure, strong innovation ability and market competitiveness. The Bank takes service as its foundation, insists on creating value through service, provides rich financial products and high-quality financial services to over 10 million corporate customers and 720 million individual customers around the world, and serves high-quality economic and social development with its own high-quality development. The Bank has consciously incorporated social responsibility into development strategies and management activities, and has been widely praised for serving the manufacturing industry, developing inclusive finance, supporting rural revitalization, developing green finance, and supporting public welfare undertakings. The Bank always focuses on its main business, insists on serving the real economy, coexists, shares ups and downs, and grows with the real economy; always adheres to risk-based, firmly maintains the bottom line, and continuously improves the ability to control and mitigate risks; always insists on grasping and following the business rules of commercial banks, and is committed to building a “century-old store”; always insists on steady progress, innovation and progress, and continues to deepen key development strategies; actively develop fintech and accelerate digital transformation; always adhere to professional focus, develop specialized business models, and forge “big craftsmen”. The Bank has been at the top of the UK's “Banker” list of the top 1000 global banks for ten consecutive years and the number one global commercial bank in the US “Fortune” 500 list, and has been at the top of the UK Brand Finance Global Brand Value 500 list for seven consecutive years.
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
Name | Industrial and Commercial Bank of China Limited |
Ticker | 1398 |
Main Business | Banks - Diversified |
Type | Common Stock |
Industry | Banks - Diversified |
Country | HK |
Market Cap | $174.55 B |
Shariah Analysis Breakdown
Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
---|---|---|---|
Corporate financial business | $201,770.0 | $201,770.0 | financial |
Personal financial business | $168,940.0 | $168,940.0 | financial |
Fund business | $55,460.0 | $0.0 | - |
Other | $2,730.0 | $0.0 | - |
Interest income | $0.0 | $0.0 | - |
Total | $428,900.0 | $370,710.0 | 46.36% (failed) |
Liability Item | Value ($M) | % of Market Cap |
---|---|---|
bonds issued | $191,876,750,700.3 | 109.93% |
derivative financial liability | $10,679,271,708.7 | 6.12% |
certificates of deposit issued | $53,949,579,831.9 | 30.91% |
borrowing from the central bank | $32,404,761,904.8 | 18.56% |
Total Interest-Bearing Debt | $288,910,364,145.7 | 165.52% |
Market Capitalization | $174,549,512,820.5 | 100.00% |
Compliance Status | Threshold: 33% | failed |