Is Citizens Bancshares Corp (South Carolina) halal to invest in?

According to Musaffa's Shariah screening methodology, Citizens Bancshares Corp (South Carolina) (CITZ) 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 Citizens Bancshares Corp (South Carolina) 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 Citizens Bancshares Corp (South Carolina) using these criteria to determine its compliance status.

Can Muslims buy shares of Citizens Bancshares Corp (South Carolina)?

Muslim investors may consider investing in Citizens Bancshares Corp (South Carolina) 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 Citizens Bancshares Corp (South Carolina) classified as NOT HALAL?

Musaffa determines the Shariah status of Citizens Bancshares Corp (South Carolina) 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 Citizens Bancshares Corp (South Carolina) updated?

The Shariah compliance status of Citizens Bancshares Corp (South Carolina) may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Citizens Bancshares Corp (South Carolina) 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 Citizens Bancshares Corp (South Carolina)?

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

CITZ Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 25, 2024

Report Source: 2023 Annual Report

Citizens Bancshares Corp (South Carolina). Stock Analysis CITZ

United States Financials Micro Cap Report: 2023 Annual

The company is headquartered in Olanta, South Carolina. The company went IPO on 2019-01-18.

Key Statistics of Citizens Bancshares Corp (South Carolina) (CITZ)

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

Today's Range

$40.50$41.00

Today's Open

$40.50

Volume

300.00

P/E Ratio (TTM)

52 Week Range

$30.00$43.00

Market Cap

80.00M

Avg. Volume

400.00

Dividend Yield

Financial Metrics & Statements of Citizens Bancshares Corp (South Carolina) (CITZ)

FAQ's for Citizens Bancshares Corp (South Carolina) (CITZ)

According to Musaffa’s Shariah screening methodology, Citizens Bancshares Corp (South Carolina) (CITZ) 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.