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Shariah compliance overview

Not Halal

Hingham Institution for Savings (HIFS) is currently classified as Not Halal by Akinda Shariah screening (AAOIFI-aligned methodology).

About Hingham Institution for Savings

Hingham Institution for Savings is a financial services provider that offers a diverse array of banking solutions to both individual consumers and corporate entities throughout the U.S.

Hingham Institution for Savings (HIFS) 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.

Business Activity
46.63%Limit 5%Fail
Interest-bearing debt
272.30%Limit 30%Fail
Interest-bearing securities and assets
1.24%Limit 30%Pass
Dividend purification
46.63%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 Hingham Institution for Savings (HIFS). Current Akinda screening label: Not Halal.