No. As of September 2026, SBAC Bank PLC (SBACBANK.DS) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. SBAC Bank PLC does not pass Musaffa's business and financial screening criteria.
SBAC Bank Plc operates as a scheduled private commercial bank. The Bank offers a range of financial services to customer segments covering large and mid-corporates, small and medium enterprises (SME), agricultural and retail businesses. The Bank offers its customers a range of financial solutions, modern technology-based products, and services for businesses as well as individuals. In addition to conventional banking, the Bank also offers shariah compliant Islamic banking products and services to customers. Its products and services include personal banking, corporate financing, CMSME financing and Agri financing. The company also offers trade finance services, which includes export, import and guarantee facilities. The company has a network of approximately 90 Branches, 32 Sub-Branches, 68 ATM Booths, 10 Islamic Banking Windows, and 33 Active Agent Outlets across the country with 24/7 real time online connectivity.
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SBAC Bank PLC SBACBANK.DS
SBACBANK.DS Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, SBAC Bank PLC is classified as not halal.
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