Is Taichung Commercial Bank (2812.TW) stock halal?
Screened against AAOIFI Shari’ah Standard 21
No. Taichung Commercial Bank (2812.TW) does not pass the AAOIFI Shari’ah Standard 21 screen. Its main business is conventional banking, lending or insurance (Yahoo industry “Banks - Regional”), which AAOIFI Shari’ah Standard 21 excludes (3/4/1). Last checked 27 September 2026.
Taichung Commercial Bank is not compliant under Halal / Islamic guidelines
AAOIFI Shari’ah Standard 21 Financial Audit
Figures from the latest annual report (the SEC filing or, for European companies, the ESEF annual report, where one exists, checked against Yahoo Finance) and a 36-month average market value.
| Test | Standard Limit | Actual Figure | Status |
|---|---|---|---|
| Main business | — | — | Fail |
| Interest-bearing debt | 30% | 832.08% | Review |
| Cash and interest-bearing investments | 30% | 59.25% | Fail |
| Prohibited income | 5% | 132.76% | Fail |
| Not just cash and debts | 90% | 33.20% | Pass |
Key Findings & Observations
- Its main business is conventional banking, lending or insurance (Yahoo industry “Banks - Regional”), which AAOIFI Shari’ah Standard 21 excludes (3/4/1).Source: Business check
- Its business description mentions conventional banking, lending or insurance, but it doesn’t report how much of its revenue that is.Source: Business check
- The interest-bearing debt test couldn’t be settled: Only an upper estimate is available, and it is over the limit. No debt figure was reported, so total liabilities are used as an upper bound.Source: AAOIFI Shari'ah Standard 21
- Cash and interest-bearing investments are 59.3% of the company’s 36-month average market value. AAOIFI’s limit is under 30% (Shari'ah Standard 21, 3/4/3).Source: AAOIFI Shari'ah Standard 21
- Prohibited income, interest included, is 132.8% of total revenue. AAOIFI’s limit is 5% (Shari'ah Standard 21, 3/4/4).Source: AAOIFI Shari'ah Standard 21
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Frequently Asked Questions about Taichung Commercial Bank Co., Ltd. (2812.TW)
Is Taichung Commercial Bank (2812.TW) stock halal?▾
No. Taichung Commercial Bank (2812.TW) does not pass the AAOIFI Shari’ah Standard 21 screen. Its main business is conventional banking, lending or insurance (Yahoo industry “Banks - Regional”), which AAOIFI Shari’ah Standard 21 excludes (3/4/1). Last checked 27 September 2026.
What is Taichung Commercial Bank's debt ratio under Islamic finance standards?▾
Under AAOIFI Shari’ah Standard 21, interest-bearing debt must stay under 30% of a company's 36-month average market value. Taichung Commercial Bank's ratio is at most 832.1%.
How much dividend purification is required for Taichung Commercial Bank (2812.TW) stock?▾
Taichung Commercial Bank does not pass the screen, so purification does not apply: the standard does not permit holding it.
Does Taichung Commercial Bank operate in prohibited business activities?▾
AAOIFI Shari’ah Standard 21 excludes companies whose main business is prohibited, such as alcohol, pork, gambling, conventional interest-based finance and adult entertainment. Taichung Commercial Bank's main business is checked against these. For companies that file with the US SEC, revenue by division is also read from the filing, so a division in a prohibited business is counted. Where the check cannot be settled, the result is shown as Needs Review rather than guessed.
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