Affinity Bancshares Inc

Q: Is AFBI – Affinity Bancshares Inc Stock Halal to Invest in?

As of July 2025, Affinity Bancshares Inc is Shariah Not Compliant. This is based on the last earnings report.Sign up to see how many standards the stock passes. Get detailed Shariah screening report on Muslim Xchange. We screen based on five major Shariah standards (AAOIFI, S&P Shariah, Dow Jones Islamic, FTSE Shariah, and MSCI).

Q: Do I need to purify my investment in AFBI – Affinity Bancshares Inc

If the Company is Shariah Compliant and Halal to invest in, then you must purify if the company has any impure income and you hold the company for more than a financial period (e.g. quarter), according to AAOIFI standards.

Q: How can I calculate purification and zakat for my shares in AFBI – Affinity Bancshares Inc

You can use our Purification and Zakat calculator to calculate the amount you must pay for each of these requirements, provided the company is Compliant. You can also use upload or connect your Portfolio(s) to automatically calculate the Purification and Zakat for all your holdings.

(AFBI)

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AFBI

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AAOIFI

S&P

DJIM

FTSE

MSCI

Affinity Bancshares Inc is not Shariah Compliant because of its involvement in Banks (NEC) and related activities.

Updated on June 28, 2025

Financial Ratios

AAOIFI	S&P	DJIM	FTSE	MSCI
Debt: 46.67% ✗ Limit: 30%	Debt: 50.35% ✗ Limit: 33%	Debt: 48.22% ✗ Limit: 33%	Debt: 5.92% ✓ Limit: 33.33%	Debt: 5.92% ✓ Limit: 33.33%
NCA: 0% ✓ Limit: 30%			Cash: % Limit: 33.33%	Cash: % Limit: 33.33%
			C+AR: % Limit: 50%	C+AR: % Limit: 33.33%

Impure Income

N/A

Interest Income

Total

Purification & Zakat Calculator

Based on the AAOIFI standards

More Info

Purification & Zakat

Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly).
If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them.

Rulebook

AAOIFI: Non-compliant liabilities (like Interest-based Debt) & Non-compliant Assets (like Interest-based Investments) should each be < 30% of Market cap. Source: AAOIFI SS21
S&P Shariah: Interest-based Debt < 33% of 36-mo avg. Market cap. Source: S&P Shariah Methodology
Dow Jones Islamic Market (DJIM) Rulebook: Interest-based Debt < 33% of 24-mo avg. Market cap. Source: DJIM Methodology
FTSE Shariah: Interest-based Debt and Cash and interest-bearing items should each be < 33.33% of Total Assets. Accounts receivable and cash < 50% of Total Assets. Source: FTSE RUSSELL
MSCI Islamic: Interest-based Debt, Cash and interest-bearing items, & Accounts receivable and cash should each be < 33.33% of Total Assets. Source: MSCI Islamic Indexes
Impure income < 5% for all standards.

Spot an error or need clarification? Discuss it in the Community.

Is AFBI Stock Halal and Shariah Compliant?

No, AFBI (Affinity Bancshares Inc) Stock is Shariah Not Compliant

Is AFBI – Affinity Bancshares Inc Stock Halal to Invest in?

As of July 2025, Affinity Bancshares Inc is Shariah Not Compliant. This is based on the last earnings report.

Sign up to see how many standards the stock passes. Get detailed Shariah screening report on Muslim Xchange. We screen based on five major Shariah standards (AAOIFI, S&P Shariah, Dow Jones Islamic, FTSE Shariah, and MSCI).

Do I need to purify my investment in AFBI – Affinity Bancshares Inc

If the Company is Shariah Compliant and Halal to invest in, then you must purify if the company has any impure income and you hold the company for more than a financial period (e.g. quarter), according to AAOIFI standards.

How can I calculate purification and zakat for my shares in AFBI – Affinity Bancshares Inc

You can use our Purification and Zakat calculator to calculate the amount you must pay for each of these requirements, provided the company is Compliant. You can also use upload or connect your Portfolio(s) to automatically calculate the Purification and Zakat for all your holdings.