Annotated balance sheet · halal screening

Bank of Montreal

The full balance sheet for BMO, 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 Montreal — Q2 2026

Source: SEC Form 10-Q filed 2026-04-30 · via FMP · USD millions · Open filing

Assets

Current Assets

Cash & cash equivalents①

$49,012

Marketable securities①

$238,138

Accounts receivable

$36,739

Inventories

Other current assets

$-277,320

Total current assets

$46,570

Non-current Assets

Property, plant & equipment, net②tangible

$4,501

Operating lease right-of-use assets②tangible

Long-term marketable securities①

$627,327

Goodwill

$12,114

Intangible assets, net

$3,681

Other non-current assets

$397,981

Total non-current assets

$1,045,604

TOTAL ASSETS

$1,094,195

CHECK ①

Cash + Securities Ratio

under AAOIFI

759.1%

✗ FAIL

Threshold≤ 30%Shortfall729.1 percentage points over the limit

Breach risk

Breached

0%← Pass zone | Fail zone →835%

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

$41,397

Other current liabilities

$-41,397

Deferred revenue

Commercial paper③interest-bearing

Short-term debt③interest-bearing

$96,471

Total current liabilities

$96,471

Non-current Liabilities

Long-term debt③interest-bearing

$25,084

Other non-current liabilities

$910,167

Total non-current liabilities

$935,250

TOTAL LIABILITIES

$1,031,721

CHECK ③

Interest-bearing Debt Ratio

under AAOIFI

100.9%

✗ FAIL

Threshold≤ 30%Shortfall70.9 percentage points over the limit

Breach risk

Breached

0%← Pass zone | Fail zone →111%

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

$56,256

Of which:

Product & services revenue

$56,256

Interest income④non-permissible

$44,845

CHECK ④

Non-permissible Income Ratio

under AAOIFI

79.7%

✗ FAIL

Threshold≤ 5%Shortfall74.7 percentage points over the limit

Breach risk

Breached

0%← Pass zone | Fail zone →88%

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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