Annotated balance sheet · halal screening

Credicorp Ltd.

The full balance sheet for BAP, with the line items that feed each halal check marked and explained inline. Read it like a financial report that grades itself.

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Annotated balance sheet · halal screening

Credicorp Ltd. — Q1 2026

Source: SEC Form 10-Q filed 2026-03-31 · via FMP · USD millions · Open filing

Assets

Current Assets

Cash & cash equivalents①

$43,292

Marketable securities①

Accounts receivable

$1,849

Inventories

Other current assets

Total current assets

$45,141

Non-current Assets

Property, plant & equipment, net②tangible

$2,574

Operating lease right-of-use assets②tangible

Long-term marketable securities①

$205,363

Goodwill

$1,225

Intangible assets, net

$3,358

Other non-current assets

$10,825

Total non-current assets

$223,344

TOTAL ASSETS

$269,905

CHECK ①

Cash + Securities Ratio

under AAOIFI

846.9%

✗ FAIL

Threshold≤ 30%Shortfall816.9 percentage points over the limit

Breach risk

Breached

0%← Pass zone | Fail zone →932%

Caps how much of a company's value can be held in interest-bearing financial assets — too much suggests the business is more about earning interest than producing real goods/services.

SourceAAOIFI Shariah Standard No. 21 (Financial Papers — Shares and Bonds), §3.5.1

Liabilities

Current Liabilities

Accounts payable

Other current liabilities

Deferred revenue

Commercial paper③interest-bearing

Short-term debt③interest-bearing

$11,544

Total current liabilities

$11,544

Non-current Liabilities

Long-term debt③interest-bearing

$19,259

Other non-current liabilities

$198,759

Total non-current liabilities

$218,017

TOTAL LIABILITIES

$230,513

CHECK ③

Interest-bearing Debt Ratio

under AAOIFI

104.9%

✗ FAIL

Threshold≤ 30%Shortfall74.9 percentage points over the limit

Breach risk

Breached

0%← Pass zone | Fail zone →115%

Caps how much of a company's value comes from interest-bearing loans. Companies that rely heavily on riba (interest-based debt) fail this check even if their business itself is permissible.

SourceAAOIFI Shariah Standard No. 21 (Financial Papers — Shares and Bonds), §3.4.2

Income Statement Excerpt (trailing 12 months)

Total revenue

$28,756

Of which:

Product & services revenue

$28,756

Interest income④non-permissible

$19,120

CHECK ④

Non-permissible Income Ratio

under AAOIFI

66.5%

✗ FAIL

Threshold≤ 5%Shortfall61.5 percentage points over the limit

Breach risk

Breached

0%← Pass zone | Fail zone →73%

Caps what fraction of company revenue can come from non-permissible sources. If your stock passes but interest income is high, you'd 'purify' your share of that income through charity.

SourceAAOIFI Shariah Standard No. 21 (Financial Papers — Shares and Bonds), §3.6

Final verdict — under AAOIFI Standard

Not halal

Sector check passes: ✓ yes

Want to verify against the primary document? Open full SEC filing

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