Annotated balance sheet · halal screening

American Express Company

The full balance sheet for AXP, with the line items that feed each halal check marked and explained inline. Read it like a financial report that grades itself.

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Annotated balance sheet · halal screening

American Express Company — Q1 2026

Source: SEC Form 10-Q filed 2026-03-31 · via FMP · USD millions · Open filing

Assets

Current Assets

Cash & cash equivalents①

$53,757

Marketable securities①

$290

Accounts receivable

Inventories

Other current assets

$2,477

Total current assets

$56,524

Non-current Assets

Property, plant & equipment, net②tangible

$7,240

Operating lease right-of-use assets②tangible

Long-term marketable securities①

$217,782

Goodwill

Intangible assets, net

Other non-current assets

$27,638

Total non-current assets

$252,660

TOTAL ASSETS

$308,894

CHECK ①

Cash + Securities Ratio

under AAOIFI

128.2%

✗ FAIL

Threshold≤ 30%Shortfall98.2 percentage points over the limit

Breach risk

Breached

0%← Pass zone | Fail zone →141%

Caps how much of a company's value can be held in interest-bearing financial assets — too much suggests the business is more about earning interest than producing real goods/services.

SourceAAOIFI Shariah Standard No. 21 (Financial Papers — Shares and Bonds), §3.5.1

Liabilities

Current Liabilities

Accounts payable

Other current liabilities

$157,948

Deferred revenue

Commercial paper③interest-bearing

Short-term debt③interest-bearing

$1,692

Total current liabilities

$159,640

Non-current Liabilities

Long-term debt③interest-bearing

$58,750

Other non-current liabilities

$56,509

Total non-current liabilities

$115,259

TOTAL LIABILITIES

$274,899

CHECK ③

Interest-bearing Debt Ratio

under AAOIFI

28.5%

✓ PASS

Threshold≤ 30%Buffer1.5 percentage points to spare

Breach risk

Near limit

0%← Pass zone | Fail zone →45%

Caps how much of a company's value comes from interest-bearing loans. Companies that rely heavily on riba (interest-based debt) fail this check even if their business itself is permissible.

SourceAAOIFI Shariah Standard No. 21 (Financial Papers — Shares and Bonds), §3.4.2

Income Statement Excerpt (trailing 12 months)

Total revenue

$82,411

Of which:

Product & services revenue

$82,411

Interest income④non-permissible

$26,128

CHECK ④

Non-permissible Income Ratio

under AAOIFI

31.7%

✗ FAIL

Threshold≤ 5%Shortfall26.7 percentage points over the limit

Breach risk

Breached

0%← Pass zone | Fail zone →35%

Caps what fraction of company revenue can come from non-permissible sources. If your stock passes but interest income is high, you'd 'purify' your share of that income through charity.

SourceAAOIFI Shariah Standard No. 21 (Financial Papers — Shares and Bonds), §3.6

Final verdict — under AAOIFI Standard

Not halal

Sector check passes: ✗ no

Want to verify against the primary document? Open full SEC filing

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