Is MVBF halal?
MVB Financial Corp.
Not halal
MVB Financial Corp. did not pass AAOIFI screening. The failed check is shown below.
Checked: 16 October 2026
Exchange
NASDAQ
Price
29.23
Day
+0.55%
Market cap
$379.0M
Industry
Banks - Regional
Sector
Financial Services
What the company does
MVB Financial is the holding company for MVB Bank in West Virginia; besides ordinary banking it provides banking-as-a-service (deposits, payments) to fintech and gaming/payment platforms. Revenue comes from loan interest and fintech partnership 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 $54.07M ÷ 36-month average market cap $289.17M = 18.7%
18.7%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $804.68M ÷ 36-month average market cap $289.17M = 278.3%
278.3%
Fail
Non-compliant income / total revenue
limit 5%
Interest income $175.32M ÷ annual revenue $124.67M (2025) = 140.6%
140.6%
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: $379.04M.
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?
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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.