M&F Bancorp, Inc. is a bank holding company, which engages in the provision of consumer and commercial banking services and products. The company is headquartered in Durham, North Carolina. The firm is the parent company of M&F Bank (the Bank). The Bank is a state-chartered commercial bank. The Bank's services include digital banking, personal banking, wealth and business banking. The Bank's digital banking includes mobile app, bill pay, Zelle, business mobile app, and business online banking. The Bank's personal banking includes checking accounts, savings accounts & CD’s, health savings accounts, credit cards, personal loans, auto loans and home equity line of credit. The Bank's wealth services include wealth management, college savings planning, eldercare financial planning, insurance planning, investments & brokerage accounts, and retirement income planning. The Bank's business banking includes business checking accounts, business savings accounts, payments and cash management, loans, SBA loans and small business grant. The Bank's customers have surcharge-free access to approximately 44,000 ATMs nationwide.
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As of August 2026, M&F Bancorp Inc MFBP 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 M&F Bancorp Inc using these criteria to determine its compliance status.
Muslim investors may consider investing in M&F Bancorp 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 M&F Bancorp 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 M&F Bancorp 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 M&F Bancorp Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.