Is First Merchants Corp halal to invest in?

According to Musaffa's Shariah screening methodology, First Merchants Corp (FRME) is currently classified as NOT HALAL as of May 2026. 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 First Merchants 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 First Merchants Corp using these criteria to determine its compliance status.

Can Muslims buy shares of First Merchants Corp?

Muslim investors may consider investing in First Merchants 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 First Merchants Corp classified as NOT HALAL?

Musaffa determines the Shariah status of First Merchants 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 First Merchants Corp updated?

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

Can a halal stock like First Merchants 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 First Merchants Corp?

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

FRME Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: May 07, 2026

Report Source: 2026 1st Quarter Report

First Merchants Corp. Stock Analysis FRME

United States Financials Mid Cap Report: Q1, 2026

First Merchants Corp. (Indiana) is a bank holding company, which engages in the provision of financial services. The company is headquartered in Muncie, Indiana and currently employs 2,086 full-time employees. The company has one full-service bank charter, First Merchants Bank (the Bank). The Bank operates First Merchants Private Wealth Advisors (a division of First Merchants Bank). Through the Bank, the Company offers a broad range of commercial and consumer banking services. Its commercial banking solutions include debt capital, treasury management services and depository products. Its consumer banking solutions include consumer deposit and lending products. Its mortgage banking offers consumer mortgage solutions to assist with the purchase, refinance, construction or renovation of residential properties. Its private wealth advisors offer personal wealth management services with expertise in investment management, private banking, fiduciary estate and financial planning. The company operates approximately 111 banking locations in Indiana, Ohio, and Michigan.

Key Statistics of First Merchants Corp (FRME)

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

Today's Range

$38.77$39.75

Today's Open

$39.71

Volume

334.12K

P/E Ratio (TTM)

10.90

52 Week Range

$34.66$43.22

Market Cap

2.56B

Avg. Volume

337.78K

Dividend Yield

3.54%

Financial Metrics & Statements of First Merchants Corp (FRME)

FAQ's for First Merchants Corp (FRME)

According to Musaffa’s Shariah screening methodology, First Merchants Corp (FRME) is currently classified as NOT HALAL as of May 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.