Shariah compliance overview
Not HalalAmes 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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Company Profile
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Frequently asked questions
Quick answers about Ames National Corporation (ATLO). Current Akinda screening label: Not Halal.
