Shariah compliance overview
Not HalalBank 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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Company Profile
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Frequently asked questions
Quick answers about Bank of Utica (BKUT). Current Akinda screening label: Not Halal.
