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Is Canadian Imperial Bank of Commerce stock halal?
Prohibited
The main activity is impermissible: prohibited under all standards.
This verdict follows the median view, that of AAOIFI Standard No. 21. It is based on the financial statements for the fiscal year ended 10/31/2024.
Business activity
Banque à intérêt (institution financière nord-américaine)
Financial statements read
Fiscal year ended 10/31/2024, in millions of CAD. Source: Annual report of Canadian Imperial Bank of Commerce (ESEF format), fiscal year ended 2024-10-31.
What could not be verified
- Market capitalization: missing from the filed financial statements, so the AAOIFI ratio is not computed; tolerance is assessed on total assets.
- Interest-bearing debt: line item not recognized in the filed financial statements.
- Financial statements for the fiscal year ended 10/31/2024: the next annual report was not in the database on the day of reading.
- Activity classified automatically from the "nature of activities" note of the annual report, without human review: to be confirmed.
- Figures read automatically and not reviewed by a human.
In the same sector
- BERKSHIRE HATHAWAY INC Prohibited
- JPMORGAN CHASE & CO Prohibited
- BANK OF AMERICA CORP /DE/ Prohibited
- UNITEDHEALTH GROUP INC Prohibited
- MORGAN STANLEY Prohibited
- GOLDMAN SACHS GROUP INC Prohibited
- WELLS FARGO & COMPANY/MN Prohibited
- CITIGROUP INC Prohibited
Compliance comparison only: no opinion on the value of these securities.
General information: neither investment advice nor a fatwa. Verdict calculated by published rules, from financial statements read automatically and not reviewed by a human. Read the methodology