Annotated balance sheet · halal screening

Bank of America Corporation

The full balance sheet for BAC, 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

Bank of America Corporation — Q1 2026

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

Assets

Current Assets

Cash & cash equivalents①

$242,479

Marketable securities①

$7,386

Accounts receivable

$96,082

Inventories

Other current assets

$1,193,133

Total current assets

$1,539,080

Non-current Assets

Property, plant & equipment, net②tangible

$12,539

Operating lease right-of-use assets②tangible

Long-term marketable securities①

$514,738

Goodwill

$69,021

Intangible assets, net

Other non-current assets

$1,360,808

Total non-current assets

$1,957,106

TOTAL ASSETS

$3,496,186

CHECK ①

Cash + Securities Ratio

under AAOIFI

188.4%

✗ FAIL

Threshold≤ 30%Shortfall158.4 percentage points over the limit

Breach risk

Breached

0%← Pass zone | Fail zone →207%

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

$2,564,454

Deferred revenue

Commercial paper③interest-bearing

Short-term debt③interest-bearing

$57,630

Total current liabilities

$2,622,084

Non-current Liabilities

Long-term debt③interest-bearing

$325,964

Other non-current liabilities

Total non-current liabilities

$325,964

TOTAL LIABILITIES

$3,195,518

CHECK ③

Interest-bearing Debt Ratio

under AAOIFI

94.5%

✗ FAIL

Threshold≤ 30%Shortfall64.5 percentage points over the limit

Breach risk

Breached

0%← Pass zone | Fail zone →104%

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

$174,850

Of which:

Product & services revenue

$174,850

Interest income④non-permissible

$137,859

CHECK ④

Non-permissible Income Ratio

under AAOIFI

78.8%

✗ FAIL

Threshold≤ 5%Shortfall73.8 percentage points over the limit

Breach risk

Breached

0%← Pass zone | Fail zone →87%

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: ✓ yes

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

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