Is Citizens Bancshares Corp halal to invest in?

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

Can Muslims buy shares of Citizens Bancshares Corp?

Muslim investors may consider investing in Citizens Bancshares 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.

Why is Citizens Bancshares Corp classified as NOT HALAL?

Musaffa determines the Shariah status of Citizens Bancshares Corp 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 updated?

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

Can a halal stock like Citizens Bancshares Corp 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?

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

CZBS Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 29, 2024

Report Source: 2023 Annual Report

Citizens Bancshares Corp. Stock Analysis CZBS

United States Financials Micro Cap Report: 2023 Annual

Citizens Bancshares Corp. is a bank holding company of Citizens Trust Bank, which engages in the provision of full range of commercial and personal banking products and financial solutions. The company is headquartered in Atlanta, Georgia. The firm provides a range of commercial banking to individual and corporate customers in its primary market areas, metropolitan Atlanta, Georgia, and Birmingham and Eutaw, Alabama through its wholly owned subsidiary, Citizens Trust Bank (the Bank). The Bank operates under a state charter and serves its customers through its full-service branches in metropolitan Atlanta, Birmingham, Alabama, and in Eutaw, Alabama. Its banking services include checking, savings, credit card, commercial baking and others. Its borrowing services include home loan solutions, home equity line of credit, personal loans, home loans and others. The Bank also provides various online and mobile banking products. Its commercial loans include vehicle and equipment loans, business loans, VISA classic business credit cards, investments and CDARS.

Key Statistics of Citizens Bancshares Corp (CZBS)

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

Today's Range

$50.00$50.25

Today's Open

$50.00

Volume

317.00

P/E Ratio (TTM)

49.72

52 Week Range

$39.01$52.00

Market Cap

90.04M

Avg. Volume

1654.21

Dividend Yield

Financial Metrics & Statements of Citizens Bancshares Corp (CZBS)

FAQ's for Citizens Bancshares Corp (CZBS)

According to Musaffa’s Shariah screening methodology, Citizens Bancshares Corp (CZBS) 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.