Is First Reliance Bancshares Inc halal to invest in?

As of August 2026, First Reliance Bancshares Inc FSRL is classified as not halal 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.

Is First Reliance Bancshares 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 First Reliance Bancshares Inc using these criteria to determine its compliance status.

Can Muslims buy shares of First Reliance Bancshares Inc?

Muslim investors may consider investing in First Reliance Bancshares 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 First Reliance Bancshares Inc classified as NOT HALAL?

Musaffa determines the Shariah status of First Reliance Bancshares 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 First Reliance Bancshares Inc updated?

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

Can a halal stock like First Reliance Bancshares 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 First Reliance Bancshares Inc?

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

First Reliance Bancshares Inc FSRL

$19.70 $0.08 (0.41%) 1D

Last Updated: Aug 20, 12:00 AM·OOTC

Pricing for US stocks is delayed by 24 hours

FSRL Shariah Compliance

Screening Methodology: AAOIFI

As of August 2026, First Reliance Bancshares Inc is classified as not halal.

NOT HALAL

Report Source: undefined Quarter Report

First Reliance Bancshares Inc. Stock Analysis FSRL

United States Financials Micro Cap

First Reliance Bancshares, Inc. operates as the holding company for First Reliance Bank, which engages in the provision of a broad range of consumer and business banking services, concentrating on individuals and small to medium-sized businesses desiring a high level of personalized services. The company is headquartered in Florence South Carolina, South Carolina. The company went IPO on 2004-03-09. The Bank is a South Carolina chartered commercial bank. The Bank's services include personal and business. The Bank's personal products include checking, savings, debit cards, credit cards, order checks, bounce protection, personal loans, mortgage, wealth strategies, and open an account. Its personal digital banking services include online/mobile banking, and Apple/Google/Samsung Pay. The Bank's banking products include checking, savings, treasury services, merchant services, wealth strategies, credit cards, order checks, open an account and First Reliance at Work. Its business loan services include business lines of credit, business installment loans, overdraft protection, commercial real estate loans, business credit cards and business loan checklist. Its business services include online/mobile banking, digital customer service, business bill pay and eFraud prevention.

First Reliance Bancshares Inc (FSRL) Chart

Financial Metrics & Statements of First Reliance Bancshares Inc (FSRL)

FAQ's for First Reliance Bancshares Inc (FSRL)

As of August 2026, First Reliance Bancshares Inc FSRL is classified as not halal 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 Reliance Bancshares Inc using these criteria to determine its compliance status.
Muslim investors may consider investing in First Reliance Bancshares 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 Reliance Bancshares 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 Reliance Bancshares 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 Reliance Bancshares Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.