Is BAFN halal?
BayFirst Financial Corp.
Not halal
BayFirst Financial Corp. did not pass AAOIFI screening. The failed check is shown below.
Checked: 15 October 2026
Exchange
NASDAQ
Price
6.2
Day
-2.13%
Market cap
$152.6M
Industry
Banks - Regional
Sector
Financial Services
What the company does
BayFirst Financial is the holding company for BayFirst National Bank in St. Petersburg, Florida, an active SBA small-business lender. Money comes from loan interest and gains on selling SBA loans.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
Prohibited activity: Banks - Regional
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $7.22M ÷ current market cap $152.61M = 4.7%
4.7%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $170.11M ÷ current market cap $152.61M = 111.5%
111.5%
Fail
Non-compliant income / total revenue
limit 5%
Interest income $85.22M ÷ annual revenue $55.05M (2025) = 154.8%
154.8%
Fail
Figures from the company's filings (2026-06-30), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict.
For information (AAOIFI 3/1 note): cash + receivables are 12.7% of total assets (2026-06-30). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
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Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.