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MLGF Shariah Compliance
Screening Methodology: AAOIFI
NOT HALAL
Last Updated: April 24, 2024
Report Source: 2023 Annual Report
Malaga Financial Corp. Stock Analysis MLGF
Malaga Financial Corp. operates as the holding company for Malaga Bank, which engages in the provision of financial services. The company is headquartered in Palos Verdes Estates, California. Malaga Bank is a full-service community bank with headquarters located on the Palos Verdes Peninsula in Southern California. Its primary operations are related to traditional banking activities, including the acceptance of deposits and the lending and investing of money. The company originates adjustable rate multifamily (apartment) mortgage loans in Southern California and to a lesser extent one-four family residential loans, consumer loans, commercial mortgage loans and commercial loans. Its personal account includes checking accounts, savings accounts, and lines of credit. Its business accounts include business checking accounts, business lending, business savings and money market accounts, and business banking services. Its customers consist of individuals and small-to-midsize businesses located primarily in the Palos Verdes Peninsula and adjoining areas of Los Angeles and Orange Counties, California.
Read More Malaga Financial Corp (MLGF) Chart
Key Statistics of Malaga Financial Corp (MLGF)
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
$21.68Volume
6519.00P/E Ratio (TTM)
-52 Week Range
Market Cap
217.69MAvg. Volume
2464.40Dividend Yield
-Financial Metrics & Statements of Malaga Financial Corp (MLGF)
FAQ's for Malaga Financial Corp (MLGF)
- According to Musaffa’s Shariah screening methodology, Malaga Financial Corp (MLGF) 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 Malaga Financial Corp using these criteria to determine its compliance status.
- Muslim investors may consider investing in Malaga Financial 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 Malaga Financial 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 Malaga Financial 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 Malaga Financial Corp on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.