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Shariah compliance overview

Not Halal

Ames National Corporation (ATLO) is currently classified as Not Halal by Akinda Shariah screening (AAOIFI-aligned methodology).

About Ames National Corporation

Ames National Corporation operates as a multi-bank holding company that provides banking products and services primarily in Boone, Clarke, Hancock, Marshall, Polk, Story, Taylor, and Union Counties in central, north-central, and south-central Iowa.

Ames National Corporation (ATLO) operates in the Financial Services sector, in the Banks - Regional industry.

Why it is not classified as halal: it does not pass these screens: Business Activity, Interest-bearing debt, Interest-bearing securities and assets.

Business Activity
77.04%Limit 5%Fail
Interest-bearing debt
30.69%Limit 30%Fail
Interest-bearing securities and assets
345.16%Limit 30%Fail
Dividend purification
77.04%Share of dividends to give to charityPurification calculator

Last updated: Oct 22, 2026 · Screening is informational and not a fatwa. Consult a qualified scholar for personal guidance.

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Frequently asked questions

Quick answers about Ames National Corporation (ATLO). Current Akinda screening label: Not Halal.