Is TOWN halal?
Towne Bank
Not halal
Towne Bank did not pass AAOIFI screening. The failed check is shown below.
Checked: 16 October 2026
Exchange
NASDAQ
Price
35.47
Day
+0.54%
Market cap
$3.24B
Industry
Banks - Regional
Sector
Financial Services
What the company does
TowneBank is a regional bank in Virginia and North Carolina that also owns an insurance agency and a real estate brokerage. Money comes from loan interest and those service 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 $481.49M ÷ 36-month average market cap $2.48B = 19.4%
19.4%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $4.44B ÷ 36-month average market cap $2.48B = 178.8%
178.8%
Fail
Non-compliant income / total revenue
limit 5%
Interest income $846.26M ÷ annual revenue $833.68M (2025) = 101.5%
101.5%
Fail
Figures from the company's filings (2026-03-31), 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: $3.24B.
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 investingBlogWhy a company's cash affects whether its stock is halalLots of cash sounds like a good sign — but halal screening checks it separately. What counts, what doesn't, and where we are stricter than AAOIFI.
- 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?
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.