Is ICBC (1398) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Banks - Diversified | ✗ NOT HALAL | |||
| DJIM | Excluded — Banks - Diversified | ✗ NOT HALAL | |||
| MSCI | Excluded — Banks - Diversified | ✗ NOT HALAL | |||
| S&P | Excluded — Banks - Diversified | ✗ NOT HALAL | |||
| FTSE | Excluded — Banks - Diversified | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 61.0% | |
| Net Margin | 55.1% | |
| Return on Equity (ROE) | 9.0% | |
| Return on Assets (ROA) | 0.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $579.2B |
| Free Cash Flow | $543.6B |
| Total Debt | $2.6T |
| Total Assets | $48.8T |
Price & Trading
| Last Close | HKD 6.56 |
| 50-Day MA | HKD 6.43 |
| 200-Day MA | HKD 6.18 |
| Avg Volume | 195.8M |
| Beta | 0.2 |
|
52-Week Range
HKD 4.86
| |
About ICBC (1398)
Industrial and Commercial Bank of China Limited, together with its subsidiaries, provides banking products and services in the People's Republic of China and internationally. It operates through Corporate Banking, Personal Banking, and Treasury Operations segments. The Corporate Banking segment offers financial products and services, such as corporate loans, deposit-taking activities, trade financing, corporate wealth management, custody, and various corporate intermediary services, as well as corporate loans to corporations, government agencies, and financial institutions. The Personal Banking segment provides financial products and services, including deposit-taking activities, personal loans, card business, personal wealth management services, and various personal intermediary services to individual customers. The Treasury Business segment is involved in the money market transactions, investment securities, and foreign exchange transactions business. It also offers personal and corporate internet and mobile banking; and debit and credit cards. In addition, the company is involved in the fund raising, fund sales, asset management, and other businesses; financial leasing; insurance businesses, such as life, health, and accident insurance, as well as reinsurance; debt-for-equity swaps; and issuance of wealth management products, wealth management advisory, and consulting services. Industrial and Commercial Bank of China Limited was founded in 1984 and is headquartered in Beijing, the People's Republic of China.
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Frequently Asked Questions
Is ICBC (1398) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), ICBC is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is ICBC's debt ratio?
ICBC's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are ICBC's key financial metrics?
ICBC has a market capitalization of $3.0T, trailing P/E ratio of 5.9, and revenue of $817.3B. Return on equity stands at 9.0%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.