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Is Bank Millennium SA Stock Halal?
Shariah Compliance Analysis of 1HN.SG Stock
No. As of September 2026, Bank Millennium SA (1HN.SG) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Bank Millennium SA does not pass Musaffa's business and financial screening criteria.
Bank Millennium SA engages in the provision of commercial banking services. Its product and service offer includes personal accounts, debit and credit cards, overdraft limits, cash and mortgage loans, saving accounts, term deposits, investment funds, brokerage services, structured products and insurance products. Its business is divided into three segments, including Retail Banking, providing services for individual customers and small enterprises; Corporate Banking, providing services for corporate customers; and Treasury and investment operations, offering financial instruments for both individual and corporate customers. As of December 31, 2012, the Bank rendered its services through a network of 447 outlets located in Polish cities, Internet banking (Millenet), telephone banking and a network of automated teller machines (ATMs). The company operated six subsidiaries, including Millennium Leasing Sp. z o.o. and Millennium Dom Maklerski SA, among others. Banco Comercial Portugues SA held a 65.51% stake in the Bank
Bank Millennium SA 1HN.SG
1HN.SG Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Bank Millennium SA is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Bank Millennium SA (1HN.SG) Chart
Financial Metrics & Statements of Bank Millennium SA (1HN.SG)
FAQ's for Bank Millennium SA (1HN.SG)
- As of September 2026, Bank Millennium SA 1HN.SG is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Bank Millennium SA using these criteria to determine its compliance status.
- Muslim investors may consider investing in Bank Millennium SA if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Bank Millennium SA by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Bank Millennium SA may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Bank Millennium SA on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
