.svg)
.svg)
.svg)
Is Bank of Montreal (BMO) stock Halal?
Bank of Montreal is a leading Canadian multinational investment bank and financial services company, recognized as Canada’s oldest bank with a heritage dating back to 1817. The bank offers a comprehensive suite of financial products and services, including personal and commercial banking, wealth management, and investment banking solutions. Its clients span individuals, small businesses, large corporations, and institutional investors. For Muslim investors, though, the most pressing question is simpler: is Bank of Montreal a Halal investment?
Is Bank of Montreal Shariah compliant?
Finance is the sector where Shariah screening does the most work, because Riba is not incidental here, it can be the product itself. Bank of Montreal passes the business activity screen only if its revenue comes from permissible services rather than lending at interest, and the financial screens of AAOIFI Shariah Standard No. 21 still apply in full.
Does Bank of Montreal pass the business activity test?
The activity screen is only part of the picture this month: Bank of Montreal currently fails the non-permissible income, interest-bearing investments and interest-bearing debt screens, so the overall verdict is not compliant regardless of the business itself. The watch item in this sector is the sharpest of all: revenue must come from permissible services, not from lending at interest.
Is Bank of Montreal's income Halal?
No. Bank of Montreal's income from impermissible sources currently exceeds AAOIFI's 5% revenue ceiling, which makes the stock non-compliant on this screen regardless of the others. The screen is reassessed monthly, so the status can change when new financial statements arrive.
Does Bank of Montreal meet AAOIFI's debt and investment ratio requirements?
No. Both ratios currently breach the 30% caps: interest bearing investments and interest bearing debt each exceed the limit AAOIFI permits for a Halal investment. The ratios move with the share price as well as the balance sheet, and our Shariah Supervisory Board has BMO re-screened every month.
Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.
New to the four screens? Read What is Riba? A Clear Guide for Ethical Muslim Investing
Frequently asked questions
Is Bank of Montreal BMO stock halal to invest in?
.svg)
.svg)
How often is Bank of Montreal BMO reviewed for Shariah compliance?
Does Bank of Montreal BMO pass the AAOIFI Non Permissible Income criteria?
Does Bank of Montreal BMO pass the AAOIFI Interest Bearing Investments criteria?
Does STOCK pass the AAOIFI Interest Bearing Debt criteria?
How can I check the latest Shariah compliance status of Bank of Montreal stock?
Can the Shariah compliance status of Bank of Montreal stock change?
Ask your preferred AI about Tabadulat.
.svg){kind=icon}
We won’t let you invest in non-Shariah compliant assets
Licensed as an Islamic Financial Institution
By ADGM FSRA (No. 250032). Shariah compliance is part of our regulated activities.
Official AAOIFI Members
Tabadulat is a proud member of AAOIFI, the international standard-setting organisation for Islamic finance.
Shariah Supervisory Board
Our Shariah Supervisory Board oversees our products and operations to ensure we uphold Shariah principles at every stage.
.avif){kind=avatar}
More of every gain
stays yours.
.svg)
.svg)
commission on US stocks and ETF trades
Shariah-screened stocks and ETFs
expected profit on our Murabaha plans
What Our Users
.avif){kind=avatar}
Say About Tabadulat
Tabadulat is a reliable shariah compliant broker. It is actually regulated as both a broker and as an islamic business. It uses the real patent protected screening, no random "questionable" metrics or similar uncertainties from other unreliable screeners, and its free! Subhanallah. Finally the place a modern muslims can keep and grow his wealth.
S.M.UK
For me the best part is not having to second guess every company before investing. I can check the Shariah information directly and then decide from there. Makes the whole process a lot less stressful.
SaharDubai
My husband introduced me to this app when I was looking for an Islamic savings account and the murabaha product with Tabadulat paid much more than any other provider. I will definitely be recommending my family and friends do the same. It’s really easy to withdraw as well.
AasmaAbu Dhabi
I've been trading for many years and always had to compromise using conventional platforms to purchase shariah compliant stocks. But with Tabadulat, I can finally invest with the peace of mind that the entire brokerage, money movements, ethos, and methodology are shariah compliant. Really pleased with the product so far and exciting to see what they release next!
Ant.UAEIt’s almost 3 months since I used Tabadulat and I really enjoy my journey with them starting from the very simple app interface to the confidence of trading in ONLY halal assets
Salma H.UAEHuge relief!! First app I've used to trade without having to double triple check the sharia compliance first. Was a bit complex to deposit last month, but they keep making improvements, so I'm glad I was patient with it.
Saffana M.GB
.svg)
.svg)
.svg)
.svg)