Is Coastal Carolina Bancshares Inc halal to invest in?

According to Musaffa's Shariah screening methodology, Coastal Carolina Bancshares Inc (CCNB) is currently classified as NOT HALAL as of January 2025. 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 Coastal Carolina Bancshares Inc 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 Coastal Carolina Bancshares Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Coastal Carolina Bancshares Inc?

Muslim investors may consider investing in Coastal Carolina Bancshares Inc 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 Coastal Carolina Bancshares Inc classified as NOT HALAL?

Musaffa determines the Shariah status of Coastal Carolina Bancshares Inc 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 Coastal Carolina Bancshares Inc updated?

The Shariah compliance status of Coastal Carolina Bancshares Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Coastal Carolina Bancshares Inc 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 Coastal Carolina Bancshares Inc?

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

CCNB Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: January 15, 2025

Report Source: 2024 3rd Quarter Report

Coastal Carolina Bancshares Inc. Stock Analysis CCNB

United States N/A Micro Cap Report: Q3, 2024

Coastal Carolina Bancshares, Inc. is a holding company, which provides banking services to domestic markets. The company is headquartered in Myrtle Beach, South Carolina. The company went IPO on 2017-06-02. The Bank is a nationally chartered commercial bank. The principal business activity of the Bank is to provide banking services to domestic markets, principally in Horry County, Richland County, Aiken County, Greenville County, and Spartanburg County, South Carolina. The Bank also provides banking services in Brunswick County, North Carolina. The company offers a range of banking services designed to meet the specific needs of individuals and small and medium-sized businesses. The Company’s loan portfolio consists of loans to individuals and businesses for various personal and commercial purposes primarily in its respective markets. Its personal banking solutions include CCNB checking account options, savings accounts, personal loans and personal credit cards. Its business solutions include checking, commercial loans, business services and CCNB credit cards.

Key Statistics of Coastal Carolina Bancshares Inc (CCNB)

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

Today's Range

$14.45$14.55

Today's Open

$14.48

Volume

2346.00

P/E Ratio (TTM)

8.11

52 Week Range

$10.57$15.59

Market Cap

89.21M

Avg. Volume

1523.57

Dividend Yield

Financial Metrics & Statements of Coastal Carolina Bancshares Inc (CCNB)

FAQ's for Coastal Carolina Bancshares Inc (CCNB)

According to Musaffa’s Shariah screening methodology, Coastal Carolina Bancshares Inc (CCNB) is currently classified as NOT HALAL as of January 2025. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.