SLM Corporation

SLM stock is not Shariah-compliant

Dikuasakan oleh API Zoya

About SLM Corporation (SLM)

SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high-yield savings accounts, as well as credit card loans and omnibus accounts. The company, formerly known as New BLC Corporation, was founded in 1972 and is headquartered in Newark, Delaware.

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Is SLM Corporation (SLM) stock halal to invest in?
Yes, SLM 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, SLM 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.
SLM 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 SLM Corporation's business that require careful consideration. Last updated on Aug 27, 2024.
Does SLM Corporation have any interest income?
Yes, SLM Corporation does have interest income. According to the company's latest annual report for the fiscal year ending Dec 31, 2023, SLM Corporation reported revenue of 1809329000 and interest income of 2592303000. The interest income represents 58.89% 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, SLM Corporation has not reported any interest income. According to the company's latest annual report for the fiscal year ending Dec 31, 2023, SLM Corporation reported total revenue of 1809329000, 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 SLM Corporation stock is Shariah-compliant?
Kami menggunakan garis panduan yang ditetapkan oleh Organisasi Perakaunan dan Pengauditan untuk Institusi Kewangan Islam (AAOIFI) untuk menilai pematuhan Syariah. AAOIFI ialah organisasi antarabangsa terkemuka yang menetapkan piawaian untuk kewangan Islam. Garis panduan mereka membantu menentukan sama ada aktiviti perniagaan dan struktur kewangan syarikat sejajar dengan prinsip Islam. Piawaian ini dihormati secara meluas dalam industri kewangan Islam dan menyediakan rangka kerja yang konsisten untuk menilai pematuhan Syariah saham dan instrumen kewangan lain. Lembaga Syariah AAOIFI termasuk ulama terkenal seperti Sheikh Muhammad Taqi Usmani, Sheikh AbdulSattar Abu Ghuddah, dan Sheikh Abdullah AlManea.
How often is SLM Corporation stock reviewed for Shariah compliance?
The Shariah compliance status of SLM Corporation 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 SLM Corporation'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 SLM, 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 SLM Corporation stock considered halal?
Yes, dividends from SLM 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 SLM Corporation (SLM), check the Zoya app. For more details on the purification process, read our comprehensive guide.
No, dividends from SLM 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 SLM Corporation shares?
If you hold SLM Corporation 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 SLM Corporation (SLM) stock on Zoya

  1. Daftar untuk mendapatkan akaun Zoya percuma
    Ia mudah untuk bermula. Anda boleh mendaftar untuk akaun terus di tapak web kami atau dengan memuat turun aplikasi Zoya untuk iOS atau Android.
  2. Pautkan akaun pembrokeran
    Zoya bekerjasama dengan broker terkemuka seperti Alpaca dan lain-lain untuk cara yang lancar untuk membeli dan mengurus saham melalui Zoya.
  3. Tentukan berapa banyak yang perlu dilaburkan
    Navigasi ke skrin carian dan taipkan nama stok ke dalam bar carian. Kemudian, klik butang beli dan masukkan jumlah yang anda ingin laburkan, sama ada dari segi dolar atau bilangan saham. Semak harga saham masa nyata dan anggaran kuantiti saham sebelum mengesahkan pelaburan anda.
  4. Urus portfolio anda di satu tempat
    Anda boleh mencari saham anda yang baru dibeli dalam portfolio Zoya anda bersama-sama pegangan anda yang lain. Dayakan makluman untuk dimaklumkan tentang sebarang perubahan dalam pematuhan Syariah portfolio anda.

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