Is SouthPoint Bancshares Inc halal to invest in?

According to Musaffa's Shariah screening methodology, SouthPoint Bancshares Inc (SOUB) 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.

Is SouthPoint Bancshares Inc 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 SouthPoint Bancshares Inc using these criteria to determine its compliance status.

Can Muslims buy shares of SouthPoint Bancshares Inc?

Muslim investors may consider investing in SouthPoint 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.

Why is SouthPoint Bancshares Inc classified as NOT HALAL?

Musaffa determines the Shariah status of SouthPoint Bancshares Inc 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 SouthPoint Bancshares Inc updated?

The Shariah compliance status of SouthPoint Bancshares Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like SouthPoint Bancshares Inc 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 SouthPoint Bancshares Inc?

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

SOUB Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 29, 2024

Report Source: 2023 Annual Report

SouthPoint Bancshares Inc. Stock Analysis SOUB

United States Financials Nano Cap Report: 2023 Annual

SouthPoint Bancshares, Inc. operates as a bank holding company. The firm operates through its subsidiary, SouthPoint Bank (the Bank). The Bank provides full-service banking to customers primarily located in central Alabama. The Bank operates from its over 11 branch locations in central Alabama, and five loan production offices located throughout the State of Alabama. The Bank’s business banking includes business checking, value business checking, business debit card, business credit card, business money market, loans, online banking, treasury management, credit card manager, remote deposit, and SBA lending. Its personal banking includes premium checking, value checking, essential checking, home mortgage, home equity, personal credit cards, credit card manager, savings account, first savings account, money market account, certificate of deposit, and IRA.

Key Statistics of SouthPoint Bancshares Inc (SOUB)

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

Today's Range

$17.10$17.50

Today's Open

$17.45

Volume

400.00

P/E Ratio (TTM)

52 Week Range

$13.15$24.00

Market Cap

49.19M

Avg. Volume

1080.77

Dividend Yield

Financial Metrics & Statements of SouthPoint Bancshares Inc (SOUB)

FAQ's for SouthPoint Bancshares Inc (SOUB)

According to Musaffa’s Shariah screening methodology, SouthPoint Bancshares Inc (SOUB) 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.