Annotated balance sheet · halal screening

The Toronto-Dominion Bank

The full balance sheet for TD, 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

The Toronto-Dominion Bank — Q2 2026

Source: SEC Form 10-Q filed 2026-04-30 · via FMP · USD millions · Open filing

Assets

Current Assets

Cash & cash equivalents①

$5,184

Marketable securities①

$240,408

Accounts receivable

$3,886

Inventories

Other current assets

$-1,406

Total current assets

$248,072

Non-current Assets

Property, plant & equipment, net②tangible

$7,282

Operating lease right-of-use assets②tangible

Long-term marketable securities①

$970,377

Goodwill

$13,470

Intangible assets, net

$2,644

Other non-current assets

$514,741

Total non-current assets

$1,508,514

TOTAL ASSETS

$1,521,471

CHECK ①

Cash + Securities Ratio

under AAOIFI

613.4%

✗ FAIL

Threshold≤ 30%Shortfall583.4 percentage points over the limit

Breach risk

Breached

0%← Pass zone | Fail zone →675%

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

$30,709

Other current liabilities

$-30,866

Deferred revenue

Commercial paper③interest-bearing

Short-term debt③interest-bearing

$167,217

Total current liabilities

$167,059

Non-current Liabilities

Long-term debt③interest-bearing

$30,011

Other non-current liabilities

$1,229,460

Total non-current liabilities

$1,259,471

TOTAL LIABILITIES

$1,430,758

CHECK ③

Interest-bearing Debt Ratio

under AAOIFI

99.5%

✗ FAIL

Threshold≤ 30%Shortfall69.5 percentage points over the limit

Breach risk

Breached

0%← Pass zone | Fail zone →109%

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

$82,209

Of which:

Product & services revenue

$82,209

Interest income④non-permissible

$61,219

CHECK ④

Non-permissible Income Ratio

under AAOIFI

74.5%

✗ FAIL

Threshold≤ 5%Shortfall69.5 percentage points over the limit

Breach risk

Breached

0%← Pass zone | Fail zone →82%

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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