Is Touchstone Bank halal to invest in?

According to Musaffa's Shariah screening methodology, Touchstone Bank (TSBA) is currently classified as NOT HALAL as of March 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 Touchstone Bank 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 Touchstone Bank using these criteria to determine its compliance status.

Can Muslims buy shares of Touchstone Bank?

Muslim investors may consider investing in Touchstone Bank 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 Touchstone Bank classified as NOT HALAL?

Musaffa determines the Shariah status of Touchstone Bank 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 Touchstone Bank updated?

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

Can a halal stock like Touchstone Bank 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 Touchstone Bank?

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

TSBA Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: March 30, 2024

Report Source: 2022 Annual Report

Touchstone Bank. Stock Analysis TSBA

United States Financials Nano Cap Report: 2022 Annual

Touchstone Bankshares, Inc. operates as a commercial bank, which provides services to consumers and small businesses through several branches located in Dinwiddie County, Virginia. The company is headquartered in Mc Kenney, Virginia. The Bank provides depository and lending services to customers primarily within the counties of Dinwiddie, Chesterfield and Prince George and the cities of Colonial Heights, Hopewell, and Petersburg. The Bank offers a range of services, including personal, business, loans, services and tools, and wealth management. The Bank's personal and business services include checking account, savings account, loans, and credit card services. The Bank's services and tools include account services, treasury services and various tools. The Bank provides investment, and insurance products and services through its subsidiary, Infinex Investments, Inc. The Bank also provides networking solutions to Virginia community banks through its subsidiary, McKenney Group, LLC. The Bank has approximately 10 branches serving Southern and Central Virginia and two branches and a loan center serving Northern North Carolina.

Key Statistics of Touchstone Bank (TSBA)

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

Today's Range

$14.12$14.25

Today's Open

$14.12

Volume

6182.00

P/E Ratio (TTM)

10.48

52 Week Range

$7.22$10.10

Market Cap

46.61M

Avg. Volume

4788.00

Dividend Yield

4.21%

Financial Metrics & Statements of Touchstone Bank (TSBA)

FAQ's for Touchstone Bank (TSBA)

According to Musaffa’s Shariah screening methodology, Touchstone Bank (TSBA) is currently classified as NOT HALAL as of March 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.