China Minsheng Banking Corp., Ltd.
1988Company Overview
China Minsheng Bank Co., Ltd. was formally established in Beijing on January 12, 1996. It is the first national joint-stock commercial bank in China, mainly initiated by private enterprises. It is also a modern financial enterprise established in strict accordance with China's “Company Law” and “Commercial Banking Law”. Main business: Deposit and loan business, corporate banking business, retail banking business, capital business, distribution channels, technology finance, integrated services, etc. Corporate honors: It won “2017 Xiaowei Financial Service Bank”, “2016 China's Best Private Bank for Wealth Management” by “AsiaMoney” magazine, “Best Electronic Bank of the Year” and “Top 10 Direct Selling Banks of the Year” by Sina Finance, and “China Excellent Financial Services Bank of the Year” in the “China Financial Excellence Awards” organized by the Economic Observer, etc. By the end of the reporting period, the Bank's sales network covered 132 cities in mainland China, including 140 branch offices (including 41 first-level branches, 90 second-level branches, and 9 offsite branches), 1,206 branch offices (including sales departments), 1,088 community branches, and 135 small and micro branches.
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 | China Minsheng Banking Corp., Ltd. |
Ticker | 1988 |
Main Business | Banks—Regional |
Type | Common Stock |
Industry | Banks—Regional |
Country | HK |
Market Cap | $14.87 B |
Shariah Analysis Breakdown
Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
---|---|---|---|
Interest income | $262,937.0 | $262,937.0 | - |
Fee and commission income | $25,470.0 | $0.0 | - |
Trading gain | $4,690.0 | $0.0 | - |
Gain from investment securities | $4,357.0 | $0.0 | - |
Total | $297,454.0 | $262,937.0 | 88.40% (failed) |
Liability Item | Value ($M) | % of Market Cap |
---|---|---|
bonds issued | $94,654,061,624.6 | 636.37% |
derivative financial liability | $4,100,840,336.1 | 27.57% |
borrowing from the central bank | $45,721,288,515.4 | 307.39% |
Total Interest-Bearing Debt | $144,476,190,476.2 | 971.34% |
Market Capitalization | $14,873,974,359.0 | 100.00% |
Compliance Status | Threshold: 33% | failed |