Is Commercial Bank of California halal to invest in?

According to Musaffa's Shariah screening methodology, Commercial Bank of California (CBOBA) is currently classified as NOT HALAL as of April 2024. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Commercial Bank of California a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Commercial Bank of California using these criteria to determine its compliance status.

Can Muslims buy shares of Commercial Bank of California?

Muslim investors may consider investing in Commercial Bank of California if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Commercial Bank of California classified as NOT HALAL?

Musaffa determines the Shariah status of Commercial Bank of California by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Commercial Bank of California updated?

The Shariah compliance status of Commercial Bank of California may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Commercial Bank of California become non-compliant?

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.

Where can I check the Shariah status of Commercial Bank of California?

You can check the latest Shariah compliance status of Commercial Bank of California on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

CBOBA Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 26, 2024

Report Source: 2023 Annual Report

Commercial Bank of California. Stock Analysis CBOBA

United States Financials Micro Cap Report: 2023 Annual

Bay Community Bancorp operates as bank holding company for Community Bank of the Bay, which serves the financial needs of closely held businesses and professional service firms, as well as their owner-operators and non-profit organizations throughout the San Francisco Bay Area. The company is headquartered in Irvine, California. The company provides a range of deposit account solutions for business needs, such as business banking and business lending. Its business banking includes business checking, business interest checking, business analyzed checking, business savings, business money market, and certificates of deposit. Its business lending services includes business lines of credit, business term loans, business equipment financing, real estate construction loans, commercial real estate loans, and other government guaranteed solutions. Its SBA loans include SBA 7a Program and SBA 504 Loans. Its payment application Zelle, is a fast, safe and easy way to send money to friends, family and other people you trust, wherever they bank, whether you’re paying rent, gifting money, or splitting the cost of a bill.

Key Statistics of Commercial Bank of California (CBOBA)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

$13.85$13.97

Today's Open

$13.85

Volume

38.30K

P/E Ratio (TTM)

8.16

Market Cap

118.91M

Avg. Volume

6153.68

Dividend Yield

Financial Metrics & Statements of Commercial Bank of California (CBOBA)

FAQ's for Commercial Bank of California (CBOBA)

According to Musaffa’s Shariah screening methodology, Commercial Bank of California (CBOBA) is currently classified as NOT HALAL as of April 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.