Is CIVB halal?
Civista Bancshares, Inc.
Not halal
Civista Bancshares, Inc. did not pass AAOIFI screening. The failed check is shown below.
Checked: 13 October 2026
Exchange
NASDAQ
Price
26.85
Day
+0.00%
Market cap
$555.4M
Industry
Banks - Regional
Sector
Financial Services
What the company does
Civista Bancshares is a regional bank in Ohio and Indiana (Civista Bank) with an equipment-leasing arm. Revenue comes from loan interest.
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 $231.50M ÷ 36-month average market cap $360.21M = 64.3%
64.3%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $765.00M ÷ 36-month average market cap $360.21M = 212.4%
212.4%
Fail
Non-compliant income / total revenue
limit 5%
Interest income $220.99M ÷ annual revenue $169.82M (2025) = 130.1%
130.1%
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: $555.41M.
For information (AAOIFI 3/1 note): cash + receivables are 10.0% 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 investingBlogAAOIFI Shariah Standard No. 21 in plain languageThe most widely used standard for halal stock screening: the two-step test, the three ratios and how it differs from other methods.
Halal is the first question. The second: when to enter?
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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.