Is COFS halal?
ChoiceOne Financial Services, I
Not halal
ChoiceOne Financial Services, I did not pass AAOIFI screening. The failed check is shown below.
Checked: 16 October 2026
Exchange
NASDAQ
Price
33.1
Day
+0.55%
Market cap
$496.3M
Industry
Banks - Regional
Sector
Financial Services
What the company does
ChoiceOne Financial Services is a Michigan community bank (ChoiceOne Bank), enlarged by its 2025 merger with Fentura. Money comes from loan interest and deposit services.
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 $343.50M ÷ 36-month average market cap $355.36M = 96.7%
96.7%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $658.48M ÷ 36-month average market cap $355.36M = 185.3%
185.3%
Fail
Non-compliant income / total revenue
limit 5%
Interest income $202.96M ÷ annual revenue $161.74M (2025) = 125.5%
125.5%
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: $496.27M.
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.