South Atlantic Bancshares Inc SABK
$24.96
Last Updated: Aug 20, 12:00 AM·OOTC
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SABK Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, South Atlantic Bancshares Inc is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
South Atlantic Bancshares Inc. Stock Analysis SABK
United States Financials Micro Cap South Atlantic Bancshares, Inc. is a bank holding company, which engages in the provision of banking services to domestic markets. The company is headquartered in Myrtle Beach, South Carolina. The company went IPO on 2015-08-04. The Company’s banking subsidiary is South Atlantic Bank (Bank). The principal business activity of the Bank is to provide banking services to domestic markets. The Bank operates around 12 offices in Myrtle Beach, North Myrtle Beach, Murrells Inlet, Pawleys Island, Georgetown, Mount Pleasant, Charleston, Bluffton, Beaufort, Summerville, and Hilton Head Island, South Carolina. The Bank specializes in providing personalized community banking services to individuals, small businesses and corporations. Its services include a full range of consumer and commercial banking products, including mortgage, and treasury management, including South Atlantic Bank goMobile, the Bank's mobile banking app. The Bank also offers Internet banking, no-fee ATM access, checking, certificates of deposit and money market accounts, merchant services, mortgage loans, remote deposit capture, and others.
South Atlantic Bancshares Inc (SABK) Chart
Financial Metrics & Statements of South Atlantic Bancshares Inc (SABK)
FAQ's for South Atlantic Bancshares Inc (SABK)
- As of August 2026, South Atlantic Bancshares Inc SABK is classified as not halal 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 South Atlantic Bancshares Inc using these criteria to determine its compliance status.
- Muslim investors may consider investing in South Atlantic Bancshares 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 South Atlantic Bancshares 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 South Atlantic Bancshares 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 South Atlantic Bancshares Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.