Is Optima bank (OPTIMA.AT) stock halal?
Screened against AAOIFI Shari’ah Standard 21
No. Optima bank (OPTIMA.AT) 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 26 September 2026.
Optima 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% | — | Review |
| Cash and interest-bearing investments | 30% | — | Review |
| Prohibited income | 5% | — | Review |
| Not just cash and debts | 90% | — | Review |
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: The latest annual report (period ending 2022-12-31) is more than 18 months old.Source: AAOIFI Shari'ah Standard 21
- The cash and interest-bearing investments test couldn’t be settled: The latest annual report (period ending 2022-12-31) is more than 18 months old.Source: AAOIFI Shari'ah Standard 21
- The prohibited income test couldn’t be settled: The latest annual report (period ending 2022-12-31) is more than 18 months old.Source: AAOIFI Shari'ah Standard 21
- The not just cash and debts test couldn’t be settled: The latest annual report (period ending 2022-12-31) is more than 18 months old.Source: AAOIFI Shari'ah Standard 21
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Frequently Asked Questions about Optima bank S.A. (OPTIMA.AT)
Is Optima bank (OPTIMA.AT) stock halal?▾
No. Optima bank (OPTIMA.AT) 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 26 September 2026.
What is Optima 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. Optima bank's debt figure could not be confirmed from its latest annual report, so this test needs review.
How much dividend purification is required for Optima bank (OPTIMA.AT) stock?▾
Optima bank does not pass the screen, so purification does not apply: the standard does not permit holding it.
Does Optima 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. Optima 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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