First Niles Financial, Inc. is a holding company, which engages in the provision of banking products and services. The company is headquartered in Niles, Ohio. The firm operates through its subsidiary, Home Federal Savings and Loan Association of Niles (the Bank). Its principal business consists of attracting retail deposits from the general public and investing those funds primarily in permanent and construction loans secured by first mortgages on one- to four-family residences. The Bank also originates permanent, and construction loans secured by first mortgages on commercial and multifamily real estate. The Bank offers personal banking services and business banking services. Its personal banking and business banking services include checking, savings, certificates of deposit and loans. The company also offers online banking and e-statements, and business loan services, including commercial loans and commercial lines of credit. Its other services include debit cards, direct deposit/withdrawals, night depository, safe deposit boxes, and a schedule of fees.
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As of August 2026, First Niles Financial Inc FNFI is classified as not covered according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes First Niles Financial Inc using these criteria to determine its compliance status.
Muslim investors may consider investing in First Niles Financial 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.
Musaffa determines the Shariah status of First Niles Financial Inc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of First Niles Financial Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
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.
You can check the latest Shariah compliance status of First Niles Financial Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.