Securities Commission Malaysia

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Bank Of America Corp

BAC
Failed

Company Overview

No company description available.

Country
US
Market Cap
$258.25B
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
74.85% failed
5% Threshold
74.9%
Liabilities Compliance
146.27% failed
33% Threshold
146.3%
Final Shariah Status
Failed

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

Stock Information
Name Bank Of America Corp
Ticker BAC
Main Business Finance
Type
Industry Finance
Country US
Market Cap $258.25 B

Shariah Analysis Breakdown

Business compliance Breakdown
Revenue Segment Value ($M) Non-Compliant ($M) Reason
Interest income $146,607.0 $146,607.0 Conventional Banking
Fees and commissions $36,291.0 $0.0 -
Market making and similar activities $12,967.0 $0.0 -
Total $195,865.0 $146,607.0 74.85% (failed)
Liabilities Compliance Breakdown
Liability Item Value ($M) % of Market Cap
long term debt and capital lease obligation non current $302,200,000,000.0 117.02%
derivative product liabilities non current $43,430,000,000.0 16.82%
current debt and capital lease obligation current $32,100,000,000.0 12.43%
Total Interest-Bearing Debt $377,730,000,000.0 146.27%
Market Capitalization $258,248,900,000.0 100.00%
Compliance Status Threshold: 33% failed