Is TC Bancshares Inc halal to invest in?

According to Musaffa's Shariah screening methodology, TC Bancshares Inc (TCBC) is currently classified as NOT HALAL as of June 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 TC 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 TC Bancshares Inc using these criteria to determine its compliance status.

Can Muslims buy shares of TC Bancshares Inc?

Muslim investors may consider investing in TC 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 TC Bancshares Inc classified as NOT HALAL?

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

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

Can a halal stock like TC 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 TC Bancshares Inc?

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

TCBC Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: June 14, 2024

Report Source: 2024 1st Quarter Report

TC Bancshares Inc. Stock Analysis TCBC

United States Financials Micro Cap Report: Q1, 2024

TC Bancshares, Inc. intends to be savings and loan holding company for TC Federal Bank. The company is headquartered in Thomasville, Georgia and currently employs 65 full-time employees. The company went IPO on 2021-07-21. The Company, through its subsidiary TC Federal Bank (the Bank), operates a chartered savings bank. The Bank’s business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations in one-to-four family residential real estate loans, commercial real estate and multi-family loans, acquisition, development and land loans, commercial and industrial loans, home equity loans and lines of credit and consumer loans. The Bank's primary lending products consist of single-family residential mortgage loans and commercial and multi-family real estate loans. The company conducts its business from its main office in Thomasville, Georgia as well as additional branch banking locations in Tallahassee, Florida and new branch locations in Jacksonville, Florida and Savannah, Georgia. The company provides various financial services to individual and commercial customers.

Key Statistics of TC Bancshares Inc (TCBC)

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

Today's Range

$21.30$22.00

Today's Open

$22.00

Volume

5549.00

P/E Ratio (TTM)

340.39

52 Week Range

$14.87$24.50

Market Cap

81.24M

Avg. Volume

8601.40

Dividend Yield

Financial Metrics & Statements of TC Bancshares Inc (TCBC)

FAQ's for TC Bancshares Inc (TCBC)

According to Musaffa’s Shariah screening methodology, TC Bancshares Inc (TCBC) is currently classified as NOT HALAL as of June 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.