Is Foresight Financial Group Inc halal to invest in?

According to Musaffa's Shariah screening methodology, Foresight Financial Group Inc (FGFH) 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 Foresight Financial Group 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 Foresight Financial Group Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Foresight Financial Group Inc?

Muslim investors may consider investing in Foresight Financial Group 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 Foresight Financial Group Inc classified as NOT HALAL?

Musaffa determines the Shariah status of Foresight Financial Group 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 Foresight Financial Group Inc updated?

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

Can a halal stock like Foresight Financial Group 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 Foresight Financial Group Inc?

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

FGFH Shariah Compliance

Screening Methodology: AAOIFI

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Last Updated: April 24, 2024

Report Source: 2023 Annual Report

Foresight Financial Group Inc. Stock Analysis FGFH

United States Financials Micro Cap Report: 2023 Annual

Foresight Financial Group, Inc. operates as a bank holding company. The company is headquartered in Winnebago, Illinois. The company went IPO on 2001-08-27. The firm and its wholly owned subsidiaries (Banks) provide a variety of banking services to individuals and businesses through its facilities in the Rockford, Freeport, German Valley, Davis, Lena, Winnebago, Pecatonica, Kankakee, Loves Park, Machesney Park, Belvidere, and Herscher, Illinois areas. The Company’s subsidiaries include German American State Bank located in German Valley, Pecatonica, and Winnebago; State Bank of Davis located in Davis; State Bank located in Freeport; Lena State Bank located in Lena; Northwest Bank located in Rockford, and State Bank of Herscher located in Herscher. The Bank's primary deposit products are demand deposits and certificates of deposit and its primary lending products are agriculture, agribusiness, commercial, real estate, and installment loans.

Key Statistics of Foresight Financial Group Inc (FGFH)

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

Today's Range

$45.26$45.99

Today's Open

$45.26

Volume

275.00

P/E Ratio (TTM)

6.28

52 Week Range

$30.25$47.98

Market Cap

160.96M

Avg. Volume

1660.36

Dividend Yield

Financial Metrics & Statements of Foresight Financial Group Inc (FGFH)

FAQ's for Foresight Financial Group Inc (FGFH)

According to Musaffa’s Shariah screening methodology, Foresight Financial Group Inc (FGFH) 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.