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SCHW – Charles Schwab Corp

Not Compliant

Charles Schwab Corp is not Shariah Compliant because of its involvement in Investment Banking & Brokerage Services (NEC) and related activities.

The Charles Schwab Corporation is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, and banking and trust services to individual investors, and retirement plan services, as well as other corporate brokerage services, to businesses and their employees. The Advisor Services segment provides custodial, trading, banking and trust, and support services, and retirement business services, to independent registered investment advisors, independent retirement advisors, and recordkeepers. Its products and services include brokerage, mutual funds, exchange-traded funds, advice solutions, alternative investments, banking and trust.

AAOIFI ✗

Debt ÷ Market cap (MC)269.46
Non-Compliant Assets ÷ MC237.89