Goldman Sachs
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68.9 %
Yet to be announced
Company Overview
Goldman Sachs Group provides a range of financial services for corporations, financial institutions, governments, and individuals. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The company was founded in 1869 and is headquartered in New York, New York.
Revenue Sources
Based on the financial data, Goldman Sachs derives a significant portion of its revenue from interest-based lending and traditional banking activities, which are considered haram in Islamic finance. The company's core business model relies heavily on interest-based transactions and conventional banking practices.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $12.7b | $18.82b | $2.62b | $18.82b | 20.66% | 100.00% |
| June 30, 2024 | $12.73b | $18.2b | $2.24b | $18.2b | 17.61% | 100.00% |
| March 31, 2024 | $14.21b | $17.95b | $1.61b | $17.95b | 11.31% | 100.00% |
| Dec. 31, 2023 | $11.32b | $17.14b | $1.34b | $17.14b | 11.83% | 100.00% |
Looking at the last four quarters' data, both interest income and interest expense represent a substantial portion of Goldman Sachs's financial operations. Interest-based activities are fundamental to the company's business model, not incidental. The interest expense ratios and interest income ratios consistently exceed the 5% threshold for materiality.
Operational Ethics
While Goldman Sachs maintains business relationships with various governments and institutions globally, there is no clear evidence of current, material associations with entities involved in systematic human rights violations that would trigger immediate concerns under this criterion.
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