Morgan Stanley Depositary Share (MS-PQ) - Not Halal (Non-Compliant)
Morgan Stanley Depositary Share (MS-PQ) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- Financial Services
- Industry
- Capital Markets
- Result
- Doubtful
- Reason
- This company requires further review: the industry "Capital Markets" has mixed revenue streams that require further analysis. The sector "Financial Services" is not categorically excluded, but deeper analysis is recommended.
Financial Ratios
- Debt Ratio
- Value: N/A | Threshold: 30% | Result: Warning
- Cash & Interest-bearing Securities Ratio
- Value: N/A | Threshold: 30% | Result: Warning
- Non-Permissible Income Ratio
- Value: 77.7% | Threshold: 5% | Result: Fail
Dividend Purification
Purification percentage: 77.70%.Based on the company's financial statements, approximately 77.70% of dividend income should be donated to charity for purification. This is derived from identified interest income (77.70% of total income). Some scholars may differ on the exact calculation method.
About Morgan Stanley Depositary Share
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Asia, Europe, the Middle East, and Africa. It operates through Institutional Securities, Wealth Management, and Investment Management segments. The company offers capital raising and financial advisory services, including services related to the underwriting of debt, equity securities, and other products, as well as advice on mergers and acquisitions, restructurings, and project finance. It also provides equity and fixed income products comprising sales, financing, prime brokerage, and market-making services; Asia wealth management; business-related investments services; originating corporate and commercial real estate loans, secured lending facilities, and extending securities-based and other financing; and research activities. In addition, the company offers financial advisor-led brokerage, investment advisory, custody, cash management, and administrative services; self-directed brokerage services; financial and wealth planning services; stock plan administration; securities-based lending, residential real estate loans, and other lending products; banking; and retirement plan services. Further, it provides equity, fixed income, alternatives and solutions, and liquidity and overlay services to benefit/defined contribution plans, foundations, endowments, government entities, sovereign wealth funds, insurance companies, third-party fund sponsors, corporations, and individuals. Morgan Stanley was founded in 1924 and is headquartered in New York, New York.