Annotated balance sheet · halal screening

Itaú Unibanco Holding S.A.

The full balance sheet for ITUB, 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

Itaú Unibanco Holding S.A. — Q1 2026

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

Assets

Current Assets

Cash & cash equivalents①

$50,669

Marketable securities①

$20,649

Accounts receivable

$781

Inventories

Other current assets

$-34,077

Total current assets

$38,023

Non-current Assets

Property, plant & equipment, net②tangible

$2,277

Operating lease right-of-use assets②tangible

Long-term marketable securities①

$364,391

Goodwill

$1,924

Intangible assets, net

$2,862

Other non-current assets

$157,353

Total non-current assets

$528,806

TOTAL ASSETS

$582,154

CHECK ①

Cash + Securities Ratio

under AAOIFI

494.8%

✗ FAIL

Threshold≤ 30%Shortfall464.8 percentage points over the limit

Breach risk

Breached

0%← Pass zone | Fail zone →544%

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

$-4,950

Deferred revenue

Commercial paper③interest-bearing

Short-term debt③interest-bearing

$123,487

Total current liabilities

$118,537

Non-current Liabilities

Long-term debt③interest-bearing

$76,805

Other non-current liabilities

$336,497

Total non-current liabilities

$413,301

TOTAL LIABILITIES

$540,023

CHECK ③

Interest-bearing Debt Ratio

under AAOIFI

227.4%

✗ FAIL

Threshold≤ 30%Shortfall197.4 percentage points over the limit

Breach risk

Breached

0%← Pass zone | Fail zone →250%

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

$71,480

Of which:

Product & services revenue

$71,480

Interest income④non-permissible

$48,681

CHECK ④

Non-permissible Income Ratio

under AAOIFI

68.1%

✗ FAIL

Threshold≤ 5%Shortfall63.1 percentage points over the limit

Breach risk

Breached

0%← Pass zone | Fail zone →75%

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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