Coastal Financial Corp. is a bank holding company, which engages in the provision of banking products and services to small and medium-sized businesses, professionals, and individuals. The company is headquartered in Everett, Washington and currently employs 483 full-time employees. The company went IPO on 2018-07-18. The firm operates through three segments: the community bank, CCBX and treasury & administration. The community bank segment includes all community banking activities, with a primary focus on providing a wide range of banking products and services to consumers and small to medium-sized businesses in the broader Puget Sound region in the state of Washington and through the Internet and its mobile banking application. The CCBX segment provides banking as a service (BaaS) that allows its broker-dealer and digital financial service partners to offer their customers banking services. The treasury & administration segment includes investments, debt and other reporting items that are not specific to the community bank or CCBX segments. The company operates about 14 full-service banking locations, 12 of which are located in Snohomish County.
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As of August 2026, Coastal Financial Corp (EVERETT) CCB 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 Coastal Financial Corp (EVERETT) using these criteria to determine its compliance status.
Muslim investors may consider investing in Coastal Financial Corp (EVERETT) 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 Coastal Financial Corp (EVERETT) 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 Coastal Financial Corp (EVERETT) 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 Coastal Financial Corp (EVERETT) on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.