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Shariah compliance overview

Not Halal

Chemung Financial Corporation (CHMG) is currently classified as Not Halal by Akinda Shariah screening (AAOIFI-aligned methodology).

About Chemung Financial Corporation

Chemung Financial Corporation (CFC) functions as the parent company for Chemung Canal Trust Company, providing a comprehensive suite of banking, financing, and fiduciary services.

Chemung Financial Corporation (CHMG) 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
100.00%Limit 5%Fail
Interest-bearing debt
0.00%Limit 30%Pass
Interest-bearing securities and assets
125.17%Limit 30%Fail
Dividend purification
97.83%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 Chemung Financial Corporation (CHMG). Current Akinda screening label: Not Halal.