Is Banco Santander, S.A. Sponsored ADR (Spain) (SAN) stock halal?

Is Banco Santander, S.A. Sponsored ADR (Spain) stock halal? Banco Santander, S.A. Sponsored ADR (Spain) (SAN) is listed on NYSE and is covered in this site's broader research layer outside the tracked Sharia ETF set. Based on our research signals, this company does not currently look Sharia-friendly enough for a positive lean.

Current status

  • Ticker: SAN
  • Exchange: NYSE
  • Status: Outside the tracked Sharia ETF stock set
  • Research signal: looks constrained

Research factors

Sector: Financial Services

Industry: Banks - Diversified

Sector / industry looks exposed to restricted activity categories: core_conventional_finance.

  • Debt level: Total debt / Market capitalization is 211.44%. This is compared against a 33.00% reference threshold.
  • Cash / liquidity proxy: Cash and cash equivalents / Market capitalization is 228.56% using a proxy value. This is compared against a 33.00% reference threshold.
  • Receivables level: Accounts receivable / Market capitalization is 6.15%. This is compared against a 33.00% reference threshold.
  • Interest income proxy: Interest income / Total revenue is 167.45% using a proxy value. This is compared against a 5.00% reference threshold.

What this means

This company is part of the broader listed-stock research layer rather than the tracked Sharia ETF stock set.

We surface business-activity, debt, cash, receivables, and interest signals for due diligence, without claiming a religious ruling.

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