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FSRL Shariah Compliance
Screening Methodology: AAOIFI
NOT HALAL
Last Updated: April 27, 2024
Report Source: 2023 Annual Report
First Reliance Bancshares Inc. Stock Analysis FSRL
United States Financials Micro Cap Report: 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.
Read More First Reliance Bancshares Inc (FSRL) Chart
Key Statistics of First Reliance Bancshares Inc (FSRL)
Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.
Today's Range
Today's Open
$15.20Volume
5452.00P/E Ratio (TTM)
20.9052 Week Range
Market Cap
117.89MAvg. Volume
8798.53Dividend Yield
-Financial Metrics & Statements of First Reliance Bancshares Inc (FSRL)
FAQ's for First Reliance Bancshares Inc (FSRL)
- According to Musaffa’s Shariah screening methodology, First Reliance Bancshares Inc (FSRL) 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.
- 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.