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Shariah compliance overview

Not Halal

Bank of Utica (BKUT) is currently classified as Not Halal by Akinda Shariah screening (AAOIFI-aligned methodology).

About Bank of Utica

Bank of Utica, together with its subsidiary, provides commercial banking products and services in Utica, New York. The company offers various deposit accounts, including personal checking, business checking, savings, money market, retirement, and health savings accounts; and certificates of deposit.

Bank of Utica (BKUT) 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 securities and assets.

Business Activity
40.45%Limit 5%Fail
Interest-bearing debt
0.00%Limit 30%Pass
Interest-bearing securities and assets
43.46%Limit 30%Fail
Dividend purification
40.45%Share of dividends to give to charityPurification calculator

Last updated: Nov 3, 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 Bank of Utica (BKUT). Current Akinda screening label: Not Halal.