Is Banco Bilbao Vizcaya Argentaria (BBVA.MC) stock halal?
Screened against AAOIFI Shari’ah Standard 21
No. Banco Bilbao Vizcaya Argentaria (BBVA.MC) does not pass the AAOIFI Shari’ah Standard 21 screen. Its main business is conventional banking, lending or insurance (Yahoo industry “Banks - Diversified”), which AAOIFI Shari’ah Standard 21 excludes (3/4/1). Last checked 2 October 2026.
Banco Bilbao Vizcaya Argentaria 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% | 109.05% | Fail |
| Cash and interest-bearing investments | 30% | 159.21% | Fail |
| Prohibited income | 5% | — | Review |
| Not just cash and debts | 90% | 38.41% | Pass |
Key Findings & Observations
- Its main business is conventional banking, lending or insurance (Yahoo industry “Banks - Diversified”), which AAOIFI Shari’ah Standard 21 excludes (3/4/1).Source: Business check
- Interest-bearing debt is 109.0% of the company’s 36-month average market value. AAOIFI’s limit is under 30% (Shari'ah Standard 21, 3/4/2).Source: AAOIFI Shari'ah Standard 21
- Cash and interest-bearing investments are 159.2% 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
- The prohibited income test couldn’t be settled: Yahoo reports interest income of €58.3B, more than the company’s cash, investments and receivables could earn at 10% (€33B), so that figure was set aside. So the income test can’t be settled.Source: AAOIFI Shari'ah Standard 21
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Frequently Asked Questions about Banco Bilbao Vizcaya Argentaria, S.A. (BBVA.MC)
Is Banco Bilbao Vizcaya Argentaria (BBVA.MC) stock halal?▾
No. Banco Bilbao Vizcaya Argentaria (BBVA.MC) does not pass the AAOIFI Shari’ah Standard 21 screen. Its main business is conventional banking, lending or insurance (Yahoo industry “Banks - Diversified”), which AAOIFI Shari’ah Standard 21 excludes (3/4/1). Last checked 2 October 2026.
What is Banco Bilbao Vizcaya Argentaria'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. Banco Bilbao Vizcaya Argentaria's ratio is about 109.0%.
How much dividend purification is required for Banco Bilbao Vizcaya Argentaria (BBVA.MC) stock?▾
Banco Bilbao Vizcaya Argentaria does not pass the screen, so purification does not apply: the standard does not permit holding it.
Does Banco Bilbao Vizcaya Argentaria 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. Banco Bilbao Vizcaya Argentaria'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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