Is CZNC halal?
Citizens & Northern Corp
Not halal
Citizens & Northern Corp did not pass AAOIFI screening. The failed check is shown below.
Checked: 16 October 2026
Exchange
NASDAQ
Price
25.5
Day
+0.55%
Market cap
$458.2M
Industry
Banks - Regional
Sector
Financial Services
What the company does
Citizens & Northern owns C&N Bank in Pennsylvania and New York: mortgages, business loans and wealth management. Money 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 $169.65M ÷ 36-month average market cap $326.07M = 52.0%
52.0%
Fail
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $361.16M ÷ 36-month average market cap $326.07M = 110.8%
110.8%
Fail
Non-compliant income / total revenue
limit 5%
Interest income $139.22M ÷ annual revenue $120.84M (2025) = 115.2%
115.2%
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: $458.24M.
For information (AAOIFI 3/1 note): cash + receivables are 11.8% 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.