United Bancorporation of Alabama Inc is not Shariah Compliant because of its involvement in Banks (NEC) and related activities.
United Bancorporation of Alabama Inc
(UBAB)
☆☆☆☆☆ 0/5
BBG001SM9P03
UBAB
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UBAB
BBG001SM9P03
UBAB
- Updated on June 28, 2025
Financial Ratios
| AAOIFI | S&P | DJIM | FTSE | MSCI |
|---|---|---|---|---|
|
Debt: 6.53%
✓
Limit: 30% |
Debt: 7.59%
✓
Limit: 33% |
Debt: 6.86%
✓
Limit: 33% |
Debt: 2.45%
✓
Limit: 33.33% |
Debt: 2.45%
✓
Limit: 33.33% |
|
NCA: 0%
✓
Limit: 30% |
Cash: 20.06%
✓
Limit: 33.33% |
Cash: 20.06%
✓
Limit: 33.33% |
||
|
C+AR: 20.06%
✓
Limit: 50% |
C+AR: 20.06%
✓
Limit: 33.33% |
Impure Income ✗
N/A
-
Interest Income
5.14%
Total
5.14%
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 UBAB Stock Halal and Shariah Compliant?
No, UBAB (United Bancorporation of Alabama Inc) Stock is Shariah Not Compliant
Is UBAB – United Bancorporation of Alabama Inc Stock Halal to Invest in?
As of July 2025, United Bancorporation of Alabama 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 UBAB – United Bancorporation of Alabama 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 UBAB – United Bancorporation of Alabama 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.
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