Is Summit Bank (Oregon) halal to invest in?

According to Musaffa's Shariah screening methodology, Summit Bank (Oregon) (SBKO) 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 Summit Bank (Oregon) 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 Summit Bank (Oregon) using these criteria to determine its compliance status.

Can Muslims buy shares of Summit Bank (Oregon)?

Muslim investors may consider investing in Summit Bank (Oregon) 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 Summit Bank (Oregon) classified as NOT HALAL?

Musaffa determines the Shariah status of Summit Bank (Oregon) 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 Summit Bank (Oregon) updated?

The Shariah compliance status of Summit Bank (Oregon) may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Summit Bank (Oregon) 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 Summit Bank (Oregon)?

You can check the latest Shariah compliance status of Summit Bank (Oregon) on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

SBKO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: January 15, 2025

Report Source: 2024 3rd Quarter Report

Summit Bank (Oregon). Stock Analysis SBKO

United States Financials Micro Cap Report: Q3, 2024

Summit Bank Group, Inc. is a bank holding company. The Bank provides personalized service, local decision making, and professional banking advice. The company provides commercial banking, financing, real estate lending and other services primarily in Lane, Deschutes, Multnomah and Washington Counties in Oregon. The Bank's personal banking services include loans, such as home equity lines of credit, personal lines of credit, and professional lines of credit, among others. The Bank offers a full line of deposit and lending solutions with Business Client Advisors who are experienced in commercial real estate, commercial and industrial loans in addition to the specialized lending needs of nonprofits. The company provides a full range of certificate of deposit account (CDARS), intrafi money market account, positive pay, retail lockbox, business online banking, and remote deposit capture. Its small business administration (SBA) division provides expert advice and counsel to small businesses seeking SBA loans.

Key Statistics of Summit Bank (Oregon) (SBKO)

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

Today's Range

$20.51$20.75

Today's Open

$20.75

Volume

4145.00

P/E Ratio (TTM)

52 Week Range

$13.32$20.75

Market Cap

157.02M

Avg. Volume

2624.29

Dividend Yield

Financial Metrics & Statements of Summit Bank (Oregon) (SBKO)

FAQ's for Summit Bank (Oregon) (SBKO)

According to Musaffa’s Shariah screening methodology, Summit Bank (Oregon) (SBKO) 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.