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SABK Shariah Compliance
Screening Methodology: AAOIFI
NOT HALAL
Last Updated: January 15, 2025
Report Source: 2024 3rd Quarter Report
South Atlantic Bancshares Inc. Stock Analysis SABK
United States Financials Micro Cap Report: 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.
Read More South Atlantic Bancshares Inc (SABK) Chart
Key Statistics of South Atlantic Bancshares Inc (SABK)
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
$25.50Volume
300.00P/E Ratio (TTM)
6.5152 Week Range
Market Cap
176.94MAvg. Volume
3194.56Dividend Yield
-Financial Metrics & Statements of South Atlantic Bancshares Inc (SABK)
FAQ's for South Atlantic Bancshares Inc (SABK)
- According to Musaffa’s Shariah screening methodology, South Atlantic Bancshares Inc (SABK) 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.
- 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.