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AAOIFI No. 21 screening

Is BFC halal?

Bank First Corporation

Not halal

Bank First Corporation did not pass AAOIFI screening. The failed check is shown below.

Checked: 15 October 2026

Exchange

NASDAQ

Price

147.7

Day

+0.50%

Market cap

$1.64B

Industry

Banks - Regional

Sector

Financial Services

What the company does

Bank First Corporation is a community bank in Wisconsin serving small businesses, farms and individuals with loans and deposits. Money comes from loan interest and fees.

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 $104.85M ÷ 36-month average market cap $1.11B = 9.4%

    9.4%

    Pass

  • Cash & investments / market cap

    limit 30%

    Cash + interest-bearing securities $813.27M ÷ 36-month average market cap $1.11B = 73.2%

    73.2%

    Fail

  • Non-compliant income / total revenue

    limit 5%

    Interest income $221.72M ÷ annual revenue $170.12M (2025) = 130.3%

    130.3%

    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. Today's market cap: $1.64B.

In the lists

In the S&P 500
Not in the S&P 500

Related articles

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.

Earnings historyBFC's next report date, EPS estimate vs actual for recent quarters and the post-earnings price move.View earnings →
Is BFC halal? — Bank First Corporation AAOIFI screening result — Limitup