Is Royal Bank of Canada (RY) halal? Doubtful. Based on AAOIFI screening, Royal Bank of Canada passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 50/100 (Grade: C+).
RY — Is Royal Bank of Canada Halal?
DoubtfulRoyal Bank of Canada
$175.95
+0.75%
Shariah Compliance Status
Based on AAOIFI screening standards
Fair
Some financial ratios approaching limits
Business Activity Screen
PassedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
Financial Ratio Screen
PassedFinancial ratios must be below AAOIFI thresholds
Purify Your RY Dividends
Calculate your purification amount for RY dividends based on AAOIFI standards.
Financial Overview
Market Cap
245.7B
Price
$175.95
Sector
Financial Services
Industry
Banks—Diversified
More Financial Services Stocks
Track RY and 10,000+ stocks with AI insights
Create your free account to unlock AI-powered compliance analysis, track your portfolio, calculate purification, and get unlimited AAOIFI screening.
Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.