What is Bank of New York Mellon Corp's Shariah compliance score?

Bank of New York Mellon Corp (BNY) 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 Bank of New York Mellon Corp pass AAOIFI screening?

Bank of New York Mellon Corp (BNY) 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%. BNY's debt-to-market-cap is 29.5%.

How much purification is needed for Bank of New York Mellon Corp?

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 Bank of New York Mellon Corp (BNY) using the latest financial data.

Where can I screen Bank of New York Mellon Corp for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Bank of New York Mellon Corp (BNY) 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.

BNYNot HalalF

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BNY: Is Bank of New York Mellon Corp Halal?

Bank of New York Mellon Corp

NYSEFinancial ServicesUS

$150.15

-0.03%

Market Cap: 103.1B

Compliance Status

Not Halal

Screened on Sep 27, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Bank of New York Mellon Corp (BNY) halal? Not Halal. Based on AAOIFI screening, Bank of New York Mellon Corp has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Bank of New York Mellon Corp (BNY) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Sep 27, 2026. Source: https://halalscreener.app/en/stock/BNY

AvoidBorderlineClean

Business activity

Involved in prohibited business activities.

Failed

Company debt

Close to the limit

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

29.5% 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.

Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding BNY

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

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About Bank of New York Mellon Corp

The Bank of New York Mellon Corp. is a holding company, which engages in the provision of financial services. It operates through the following segments: Securities Services, Market and Wealth Services, Investment and Wealth Management, and Other. The Securities Services segment includes the Asset Servicing business, which provides global custody, fund accounting, integrated middle-office solutions, transfer agency and data, and analytics solutions. The Market and Wealth Services segment consists of the Pershing, Clearance and Collateral Management, and Treasury Services businesses. The Investment and Wealth Management segment is involved in services to institutional and retail investors, as well as investment management, wealth, and estate planning. The Other segment refers to the leasing portfolio, corporate treasury activities, derivatives, and other trading activity. The company was founded by Alexander Hamilton on June 9, 1784 and is headquartered in New York, NY.

Sector: Financial Services · Industry: Investment - Banking & Investment Services

Why this does not pass

Business activity: the company earns from an activity AAOIFI treats as prohibited.

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 Sep 27, 2026

See which ratio caused the failure.

See the exact debt ratio, interest income %, and prohibited revenue that caused the failure. Know before you sell or hold.

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AI Compliance Insight

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Institutional-grade Shariah analysis

See why BNY is rated Not Halal with institutional-grade analysis

Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Prohibited industry: Investment - Banking & Investment Services

Compliance History

Not Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

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

Fiscal: FY 2025Data source: EDGAR

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

$393.36

SLVA+

iShares Silver Trust

$58.14

PSLVA+

Sprott Physical Silver Trust

$21.01

PHYSA+

Sprott Physical Gold Trust

$32.35

CEFA+

Sprott Physical Gold and Silver Trust

$43.51

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Frequently Asked Questions

Is Bank of New York Mellon Corp (BNY) halal to invest in?

Bank of New York Mellon Corp (BNY) 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 Bank of New York Mellon Corp get a F compliance rating?

Bank of New York Mellon Corp (BNY) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 29.5% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Bank of New York Mellon Corp's Shariah verdict?

Bank of New York Mellon Corp'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 Bank of New York Mellon Corp re-screened for Shariah compliance?

Bank of New York Mellon Corp (BNY) 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: Sep 27, 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.