Is BK (The Bank of New York Mellon Corporation) Halal or Haram?

Based on our AAOIFI-standard shariah screening, BK is Not Halal (Haram) and is not considered permissible for Muslim investors. It failed 4 of 4 compliance screens. The Bank of New York Mellon Corporation's core business activity was found to be non-compliant. Its debt-to-market-cap ratio of 37.43% exceeds the ≤33% threshold. Its interest income of 63.37% exceeds the ≤5% limit. Its cash & securities ratio of 210.67% exceeds the ≤33% threshold.

The Bank of New York Mellon Corporation (BK) is a major global financial services provider operating primarily in asset management and securities services. The company offers custody, trust, depositary, and middle-office solutions, alongside foreign exchange, prime brokerage, and liquidity lending services to institutional clients worldwide. For Muslim investors using HalalStocks.co.uk, BK is classified as Not Halal (Haram) as it fails all four AAOIFI screening criteria. Because its core business is rooted in conventional finance and interest-based services, it does not pass the primary business activity screen, making the stock fundamentally incompatible with Islamic investing principles. Financially, the company's metrics heavily violate Islamic thresholds, most notably with interest income accounting for 63.37% of its total revenue, far above the 5% limit. Additionally, its debt-to-market cap stands at 37.4%, and its cash and interest-bearing securities represent a staggering 210.7% of its market capitalization. There is no scholarly debate regarding the impermissibility of conventional banking institutions like BK. Muslim investors must strictly avoid this stock and look toward Shariah-compliant alternatives within the broader financial or asset management sectors. The Bank of New York Mellon Corporation operates in the Financial Services sector under the Asset Management industry and is headquartered in New York City, NY, US. The company is led by CEO Robin Antony Vince and employs approximately 51,000 people.

BK was screened using AAOIFI-based shariah compliance criteria. Four tests are applied: (1) Business Activity — the company's core business must not derive primary income from haram (prohibited) activities such as alcohol, gambling, tobacco, or interest-based finance. (2) Debt-to-Market-Cap — total debt must not exceed 33% of market capitalization. (3) Interest Income — interest income must not exceed 5% of total revenue. (4) Cash & Securities — cash and interest-bearing securities must not exceed 33% of market cap. BK passed 0 of these 4 screens.

BK was last screened on 2026-04-29. Shariah compliance status can change as companies report new financial data, acquire new businesses, or shift revenue streams. We recommend checking back periodically for the most up-to-date screening results.