Eastern Bankshares, Inc.

EBC stock is not Shariah-compliant

مدعوم بواسطة Zoya API

About Eastern Bankshares, Inc. (EBC)

Eastern Bankshares, Inc. operates as the bank holding company for Eastern Bank, providing banking products and services primarily to retail, commercial, and small business customers through its Banking Business and Insurance Agency Business segments. It offers a range of loan products, deposit accounts, cash management services, investment and wealth management solutions, and insurance products, serving customers through its network of branch and non-branch offices across eastern Massachusetts, southern New Hampshire, and Rhode Island. Founded in 1818, the company is headquartered in Boston, Massachusetts.

الأسئلة المتداولة

Is Eastern Bankshares, Inc. (EBC) stock halal to invest in?
Yes, EBC is not Shariah-compliant based on the company’s latest financial reports and therefore considered halal to invest in. Last updated on Aug 27, 2024.
No, EBC is not Shariah-compliant based on the company’s latest financial reports and therefore not considered halal to invest in. Last updated on Aug 27, 2024.
EBC is flagged as not Shariah-compliant in terms of Shariah compliance based on the company's latest financial reports. This means that while the company's operations do not definitively violate Islamic guidelines, there are certain aspects of Eastern Bankshares, Inc.'s business that require careful consideration. Last updated on Aug 27, 2024.
Does Eastern Bankshares, Inc. have any interest income?
Yes, Eastern Bankshares, Inc. does have interest income. According to the company's latest annual report for the fiscal year ending Dec 31, 2023, Eastern Bankshares, Inc. reported revenue of 557170000 and interest income of 796459000. The interest income represents 58.84% of the combined total. It's worth noting that some companies may report additional interest income as part of their revenue. For a detailed breakdown of all interest income and revenue segments, please refer to the full Shariah compliance report available in the Zoya app.
No, Eastern Bankshares, Inc. has not reported any interest income. According to the company's latest annual report for the fiscal year ending Dec 31, 2023, Eastern Bankshares, Inc. reported total revenue of 557170000, with no separate interest income disclosed. However, it's worth noting that some companies may report interest income as part of their revenue. For a detailed breakdown of all interest income and revenue segments, please refer to the full Shariah compliance report available in the Zoya app.
What guidelines are used to determine if Eastern Bankshares, Inc. stock is Shariah-compliant?
نحن نستخدم المبادئ التوجيهية التي وضعتها هيئة المحاسبة والمراجعة للمؤسسات المالية الإسلامية (AAOIFI) لتقييم الامتثال للشريعة الإسلامية. هيئة المحاسبة والمراجعة للمؤسسات المالية الإسلامية هي منظمة دولية رائدة تضع معايير التمويل الإسلامي. تساعد إرشاداتها في تحديد ما إذا كانت الأنشطة التجارية للشركة و والهيكل المالي يتماشى مع المبادئ الإسلامية. وتحظى هذه المعايير باحترام واسع النطاق في وتوفر إطارًا متسقًا لتقييم مدى توافق الأسهم والأدوات المالية الأخرى مع الشريعة الإسلامية. والأدوات المالية الأخرى. وتضم الهيئة الشرعية لهيئة المحاسبة والمراجعة للمؤسسات المالية الإسلامية علماء مشهورين مثل الشيخ محمد تقي عثماني، والشيخ عبد الستار أبو غدة، والشيخ عبد الله المانع.
How often is Eastern Bankshares, Inc. stock reviewed for Shariah compliance?
The Shariah compliance status of Eastern Bankshares, Inc. stock is reviewed on a regular basis, with a minimum frequency of once per quarter. However, if there are any significant changes or major developments in the company's operations that may impact its compliance, an immediate review will be conducted to ensure ongoing adherence to Shariah principles.
How can I stay updated on Eastern Bankshares, Inc.'s compliance status?
To stay informed, we recommend regularly checking Zoya for updates. You can also enable alerts within the Zoya app to receive notifications whenever there is a change in the Shariah compliance of EBC, or any other stocks you are monitoring. This is particularly useful as Shariah compliance can fluctuate due to changes in a company's financial ratios or business activities.
Are dividends from Eastern Bankshares, Inc. stock considered halal?
Yes, dividends from EBC are considered halal. However, you may need to purify a portion of the dividend if the company has any impermissible revenue. Shariah standards typically allow up to 5% of revenue from impermissible sources for a stock to remain compliant. To find the exact percentage of impermissible revenue for Eastern Bankshares, Inc. (EBC), check the Zoya app. For more details on the purification process, read our comprehensive guide.
No, dividends from EBC are not considered halal because the stock is currently not Shariah-compliant. When a stock is non-compliant, any dividends received from it are considered impermissible income and should be donated to charity as a form of purification. To learn more about the purification process and how to handle impermissible income, read our comprehensive guide.
Do I need to pay Zakat on my Eastern Bankshares, Inc. shares?
If you hold Eastern Bankshares, Inc. stock as an investment, through an Employee Stock Ownership Plan (ESOP), stock options, restricted stock units (RSUs), or any other form of stock ownership, and meet the Nisab threshold, you may be required to pay Zakat on it. The calculation of Zakat on stocks can be complex and depends on various factors. To help make this easy, we've created a free Zakat calculation tool. For an even easier experience, use the Zoya mobile app, where you can link your brokerage account to automatically import holdings.

How to buy Eastern Bankshares, Inc. (EBC) stock on Zoya

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  3. حدد المبلغ الذي تريد استثماره
    انتقل إلى شاشة البحث واكتب اسم السهم في شريط البحث. بعد ذلك، انقر على زر الشراء وأدخل المبلغ الذي ترغب في استثماره، سواء بالدولار أو عدد الأسهم. راجع سعر السهم في الوقت الحقيقي وكمية الأسهم المقدرة قبل تأكيد استثمارك.
  4. قم بإدارة محفظتك في مكان واحد
    يمكنك العثور على الأسهم التي اشتريتها حديثًا في محفظة Zoya الخاصة بك إلى جانب بقية ممتلكاتك. قم بتمكين التنبيهات للحصول على إشعارات بأي تغييرات في امتثال محفظتك للشريعة الإسلامية.

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