MA — Mastercard Incorporated

Payment network, not a direct lender — but classified as financial services.

Why?

Like Visa, Mastercard earns fees on transaction processing rather than lending directly. Screening providers are split between treating it as compliant (transaction fees, not interest) or excluding it as a financial-services company tied to conventional credit.

How this was screened

Primary basis: Business-activity screen.

References

• Screened against commonly applied Islamic finance criteria (business-activity exclusions plus AAOIFI-influenced financial ratio thresholds); exact methodology varies by provider (e.g. AAOIFI, S&P/Dow Jones Islamic Market, MSCI Islamic).

As of: 2026-09-06

This is informational guidance only, not investment advice or a certified Sharia determination. Financial ratios shift every quarter — always verify current figures with a dedicated Islamic screening service or qualified financial and religious advisor before making investment decisions.