Is Independent Bank Corp (Massachusetts) halal to invest in?

According to Musaffa's Shariah screening methodology, Independent Bank Corp (Massachusetts) (INDB) 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 Independent Bank Corp (Massachusetts) 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 Independent Bank Corp (Massachusetts) using these criteria to determine its compliance status.

Can Muslims buy shares of Independent Bank Corp (Massachusetts)?

Muslim investors may consider investing in Independent Bank Corp (Massachusetts) 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 Independent Bank Corp (Massachusetts) classified as NOT HALAL?

Musaffa determines the Shariah status of Independent Bank Corp (Massachusetts) 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 Independent Bank Corp (Massachusetts) updated?

The Shariah compliance status of Independent Bank Corp (Massachusetts) may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Independent Bank Corp (Massachusetts) 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 Independent Bank Corp (Massachusetts)?

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

INDB Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: May 12, 2026

Report Source: 2026 1st Quarter Report

Independent Bank Corp (Massachusetts). Stock Analysis INDB

United States Financials Mid Cap Report: Q1, 2026

Independent Bank Corp. operates as a bank holding company. The company is headquartered in Rockland, Massachusetts and currently employs 2,294 full-time employees. With retail branches in Eastern Massachusetts, Worcester County, and Southern New Hampshire, as well as commercial banking and investment management offices in Massachusetts, New Hampshire, and Rhode Island, the Bank offers a wide range of banking, investment, and insurance services to individuals, families, and businesses. The Bank also offers a full suite of mobile, online, and telephone banking services. The Bank's commercial, consumer real estate, and other consumer loan portfolios consist of loans made to residents and businesses located in the Bank's market area. Its commercial loans consist of commercial real estate loans, commercial construction loans, commercial and industrial loans, and small business loans. The Bank's consumer portfolio consists of real estate loans comprised of residential mortgages and home equity loans and lines, all secured by one-to-four family residential properties.

Key Statistics of Independent Bank Corp (Massachusetts) (INDB)

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

Today's Range

$75.59$77.99

Today's Open

$77.16

Volume

332.31K

P/E Ratio (TTM)

17.86

52 Week Range

$57.01$87.00

Market Cap

3.78B

Avg. Volume

378.11K

Dividend Yield

2.97%

Financial Metrics & Statements of Independent Bank Corp (Massachusetts) (INDB)

FAQ's for Independent Bank Corp (Massachusetts) (INDB)

According to Musaffa’s Shariah screening methodology, Independent Bank Corp (Massachusetts) (INDB) 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.