.svg)
.svg)
.svg)
Is Bank of Nova Scotia (BNS) stock Halal?
Bank of Nova Scotia is a prominent financial institution headquartered in Toronto, Canada. Offering a comprehensive range of financial services, Scotiabank caters to individual consumers as well as business clients, with operations spanning personal and commercial banking, wealth management, and corporate and investment banking. Before any of that matters to a Muslim investor, one question comes first: is Bank of Nova Scotia stock Halal?
Is Bank of Nova Scotia Shariah compliant?
In financial services the activity screen carries the verdict more often than anywhere else: AAOIFI Shariah Standard No. 21 draws a hard line between fee based, permissible services and earning Riba as a business model. For Bank of Nova Scotia, that distinction comes first, with the debt and investment ratios behind it.
Does Bank of Nova Scotia pass the business activity test?
The activity screen is only part of the picture this month: Bank of Nova Scotia currently fails the non-permissible income 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 Nova Scotia's income Halal?
No. Bank of Nova Scotia'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 Nova Scotia meet AAOIFI's debt and investment ratio requirements?
Not in full. Interest bearing debt currently exceeds the 30% cap, while the other ratio stays within it. One breach is enough to fail the screening; the ratios are reassessed monthly under our Shariah Supervisory Board.
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 The Bank of Nova Scotia BNS stock halal to invest in?
.svg)
.svg)
How often is The Bank of Nova Scotia BNS reviewed for Shariah compliance?
Does The Bank of Nova Scotia BNS pass the AAOIFI Non Permissible Income criteria?
Does The Bank of Nova Scotia BNS 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 The Bank of Nova Scotia stock?
Can the Shariah compliance status of The Bank of Nova Scotia 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)