Is Freedom Bank of Virginia halal to invest in?

According to Musaffa's Shariah screening methodology, Freedom Bank of Virginia (FDVA) 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 Freedom Bank of Virginia 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 Freedom Bank of Virginia using these criteria to determine its compliance status.

Can Muslims buy shares of Freedom Bank of Virginia?

Muslim investors may consider investing in Freedom Bank of Virginia 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 Freedom Bank of Virginia classified as NOT HALAL?

Musaffa determines the Shariah status of Freedom Bank of Virginia 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 Freedom Bank of Virginia updated?

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

Can a halal stock like Freedom Bank of Virginia 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 Freedom Bank of Virginia?

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

FDVA Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 25, 2024

Report Source: 2023 Annual Report

Freedom Bank of Virginia. Stock Analysis FDVA

United States Financials Micro Cap Report: 2023 Annual

Freedom Financial Holdings, Inc. is a bank holding company, which offers commercial banking, personal banking, and mortgage banking solutions using banker expertise and technology to build relationships with clients. The company is headquartered in Fairfax, Virginia. The company went IPO on 2004-09-01.

Key Statistics of Freedom Bank of Virginia (FDVA)

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

Today's Range

$11.80$12.20

Today's Open

$11.80

Volume

1123.00

P/E Ratio (TTM)

6.78

52 Week Range

$10.61$12.48

Market Cap

81.48M

Avg. Volume

1248.87

Dividend Yield

Financial Metrics & Statements of Freedom Bank of Virginia (FDVA)

FAQ's for Freedom Bank of Virginia (FDVA)

According to Musaffa’s Shariah screening methodology, Freedom Bank of Virginia (FDVA) 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.