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American Express Company

AXP
Israel Flag Israeli Tech Ecosystem Related
Shariah Status:
Failed

Company Overview

American Express Co. engages in the provision of charge and credit card products and travel-related services. It operates through the following segments: U.S Consumer Services (USCS), Commercial Services (CS), International Card Services (ICS), Global Merchant and Network Services (GMNS), and Corporate and Other. The USCS segment issues a wide range of proprietary consumer cards to U.S consumers. The CS segment offers proprietary corporate and small business cards and provides services to U.S. businesses, including payment and expense management, banking and non-card financing products. The ICS segment focuses on a range of proprietary consumer, small business and corporate cards outside the United States. It also provides services to international customers, including travel and lifestyle services, and manages certain international joint ventures and loyalty coalition businesses. The GMNS segment operates a global payments network that processes and settles card transactions, acquires merchants, and provides multi-channel marketing programs and capabilities, services, and data analytics. The Corporate and Other segment covers corporate functions and certain other businesses and operations. The company was founded by Henry Wells, William G. Fargo, and John Warren Butterfield on March 28, 1850 and is headquartered in New York, NY.

Country
US
Market Cap
$131.97B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview

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
Business Compliance
22.76% failed
5% Threshold
22.8%
Liabilities Compliance
37.25% failed
33% Threshold
37.2%
Final Shariah Status
Failed

This stock does not meet all Shariah compliance criteria according to AAOIFI standards.

Business Compliance Breakdown
Revenue Segment Value ($M) Non-Compliant ($M) Reason
Discount revenue $30,739.0 $0.0 -
Net card fees $6,070.0 $0.0 -
Service fees and other revenue $4,521.0 $0.0 -
Processed revenue $1,637.0 $0.0 -
interest income $12,658.0 $12,658.0 -
Total $55,625.0 $12,658.0 22.76% (failed)
Stock Information
Name American Express Company
Ticker AXP
Main Business Credit Services
Type Securities
Industry Credit Services
Country US
Market Cap $131.97 B
Israeli Companies Funded
$2,154.0M
Employees in Israel
N/A
Companies Funded
8
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