Harbor Bankshares Corp. is a bank holding company, which engages in the business of owning the outstanding stock of Harbor Bankshares Capital Corporation and The Harbor Bank of Maryland. The company is headquartered in Baltimore, Maryland and currently employs 50 full-time employees. The company went IPO on 2005-03-16. HBCC owns Harbor Bankshares Asset Management, LLC and the Bank also owns Harbor Financial Services. The Bank is a commercial bank. The Bank offers checking, savings and time deposits, commercial real estate, personal, home improvement, automobile, and other installment and term loans. HBCC's activities include providing private capital to businesses through loans and principal investments. The Bank conducts general banking business in locations and primarily serves the Baltimore, Maryland, metropolitan area. The company also offers checking, savings and time deposits, commercial real estate, personal, home improvement, automobile, and other installment and term loans. The Bank's loan portfolio includes residential real estate, construction and land development, commercial real estate loans, commercial and industrial loans, and consumer loans.
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As of August 2026, Harbor Bankshares Corp HRBK 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 Harbor Bankshares Corp using these criteria to determine its compliance status.
Muslim investors may consider investing in Harbor Bankshares 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.
Musaffa determines the Shariah status of Harbor Bankshares Corp 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 Harbor Bankshares Corp 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 Harbor Bankshares Corp on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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