Is Oconee Federal Financial Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Oconee Federal Financial Corp (OFED) is currently classified as NOT HALAL as of January 2025. 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 Oconee Federal Financial Corp 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 Oconee Federal Financial Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Oconee Federal Financial Corp?

Muslim investors may consider investing in Oconee Federal 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.

Why is Oconee Federal Financial Corp classified as NOT HALAL?

Musaffa determines the Shariah status of Oconee Federal Financial Corp 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 Oconee Federal Financial Corp updated?

The Shariah compliance status of Oconee Federal Financial Corp may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Oconee Federal Financial Corp 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 Oconee Federal Financial Corp?

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

OFED Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: January 14, 2025

Report Source: 2025 1st Quarter Report

Oconee Federal Financial Corp. Stock Analysis OFED

United States Financials Micro Cap Report: Q1, 2025

Oconee Federal Financial Corp. is a holding company, which engages in the provision of financial services. The company is headquartered in Seneca, South Carolina and currently employs 79 full-time employees. The company went IPO on 2011-01-14. Oconee Federal Savings and Loan Association is a federally chartered savings and loan association in Seneca, South Carolina. The Association is a federally chartered stock savings and loan association engaged in the business of accepting savings and demand deposits and providing mortgage, consumer and commercial loans. The company offers one-to-four family loans, multifamily real estate loans, home equity loans and lines of credit, nonresidential loans, agricultural loans, construction and land loans, commercial and industrial loans, and consumer and other loans. Oconee Federal Savings and Loan Association is a community oriented financial institution operating eight full-service branch locations in Oconee County, South Carolina, Pickens County, South Carolina, Darlington County, South Carolina, Stephens County, Georgia and Rabun County, Georgia.

Key Statistics of Oconee Federal Financial Corp (OFED)

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

Today's Range

$19.05$19.05

Today's Open

$19.05

Volume

100.00

P/E Ratio (TTM)

26.14

52 Week Range

$11.86$19.05

Market Cap

94.35M

Avg. Volume

999.70

Dividend Yield

Financial Metrics & Statements of Oconee Federal Financial Corp (OFED)

FAQ's for Oconee Federal Financial Corp (OFED)

According to Musaffa’s Shariah screening methodology, Oconee Federal Financial Corp (OFED) is currently classified as NOT HALAL as of January 2025. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.