As of August 2026, Ames National Corp is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Ames National Corp. Stock Analysis ATLO
United States Financials Micro Cap
Ames National Corp. is a bank holding company, which engages in the provision of banking services through its subsidiaries. The company is headquartered in Ames, Iowa and currently employs 240 full-time employees. The company went IPO on 2000-03-13. The firm owns 100% of the stock of six bank subsidiaries consisting of one national bank and five state-chartered banks: First National Bank, Ames, Iowa (FNB); State Bank & Trust Co., Nevada, Iowa (SBT); Boone Bank & Trust Co., Boone, Iowa (BBT); Reliance State Bank, Story City, Iowa (RSB); United Bank & Trust Co., Marshalltown, Iowa (UBT); and Iowa State Savings Bank, Creston, Iowa. The Banks lending activities consist primarily of short-term and medium-term commercial, multifamily and agricultural real estate loans, residential real estate loans, agricultural and business operating loans and lines of credit, equipment loans, vehicle loans, personal loans and lines of credit, home improvement loans and origination of mortgage loans for sale into the secondary market. The Bank also offers a variety of checking, savings and time deposits, cash management services, merchant credit card processing, and safe deposit boxes.
Ames National Corp (ATLO) Chart
Financial Metrics & Statements of Ames National Corp (ATLO)
FAQ's for Ames National Corp (ATLO)
As of August 2026, Ames National Corp ATLO 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 Ames National Corp using these criteria to determine its compliance status.
Muslim investors may consider investing in Ames National Corp 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 Ames National Corp 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 Ames National Corp 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 Ames National Corp on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.