What is Barings BDC, Inc.'s Shariah compliance score?

Barings BDC, Inc. (BBDC) has a Shariah compliance score of 0/100 (Grade: F, Non-Compliant). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does Barings BDC, Inc. pass AAOIFI screening?

Barings BDC, Inc. (BBDC) does not pass AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. BBDC's debt-to-market-cap is 157.4%.

How much purification is needed for Barings BDC, Inc.?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the percentage and amount for Barings BDC, Inc. (BBDC) using the latest financial data.

Where can I screen Barings BDC, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Barings BDC, Inc. (BBDC) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

BBDCNot HalalF

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Compliance Status

Not Halal

Screened on Oct 15, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Barings BDC, Inc. (BBDC) halal? Not Halal. Based on AAOIFI screening, Barings BDC, Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Barings BDC, Inc. (BBDC) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 15, 2026. Source: https://halalscreener.app/en/stock/BBDC

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

157.4% of 30.0% limit

PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding BBDC

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

BBDC: Is Barings BDC, Inc. Halal?

Barings BDC, Inc.

NYSEFinancial ServicesUS

$8.44

Market Cap: 883.7M

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About Barings BDC, Inc.

Barings BDC, Inc. (NYSE: BBDC) functions as a publicly traded, externally managed Business Development Company (BDC), operating under the regulatory framework of the Investment Company Act of 1940. Its investment strategy primarily involves providing capital through various debt instruments, such as senior secured loans, first and second lien debt, unitranche facilities, and subordinated debt, alongside equity co-investments. These financial solutions are extended to private middle-market companies operating across a diverse array of industries. BBDC's specialization encompasses financial solutions for situations like leveraged buyouts, management buyouts, growth financing, acquisition financings, recapitalizations, and change of control transactions. It also provides mezzanine capital and supports ESOPs for enterprises ranging from the lower middle market to mature and later-stage companies. Its industry exposure spans manufacturing and distribution, business services and technology, transportation and logistics, and consumer products and services. Operating exclusively within the United States, BBDC targets companies with an EBITDA between $10 million and $75 million, frequently those backed by private equity sponsors. Founded on October 10, 2006, Barings BDC, Inc. is headquartered in Charlotte, North Carolina, and also maintains an office in Raleigh.

Sector: Financial Services · Industry: Asset Management

Why this does not pass

Interest-bearing debt is 157.4% of market cap, over the 30% AAOIFI limit.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 15, 2026

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Compliance History

Not Halalnow
since Aug 2026
Under Review
until the change above
Not Halal
until the change above

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: Q2 2026Data source: FMP

Halal Alternatives in Financial Services

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

GLDA+

SPDR Gold Shares

$382.01

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iShares Silver Trust

$51.51

PSLVA+

Sprott Physical Silver Trust

$18.48

PHYSA+

Sprott Physical Gold Trust

$31.50

CEFA+

Sprott Physical Gold and Silver Trust

$40.45

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Frequently Asked Questions

Is Barings BDC, Inc. (BBDC) halal to invest in?

Barings BDC, Inc. (BBDC) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Barings BDC, Inc. get a F compliance rating?

Barings BDC, Inc. (BBDC) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 157.4% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Barings BDC, Inc.'s Shariah verdict?

Barings BDC, Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is Barings BDC, Inc. re-screened for Shariah compliance?

Barings BDC, Inc. (BBDC) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Oct 15, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

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.