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Shariah compliance overview

Not Halal

Independent Bank Corp. (INDB) is currently classified as Not Halal by Akinda Shariah screening (AAOIFI-aligned methodology).

About Independent Bank Corp.

Independent Bank Corp. functions as the parent company for Rockland Trust Company, delivering a wide array of commercial banking products and services. Its clientele primarily consists of private individuals and small to mid-sized businesses, largely within Massachusetts.

Independent Bank Corp. (INDB) 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.

Business Activity
51.52%Limit 5%Fail
Interest-bearing debt
27.93%Limit 30%Pass
Interest-bearing securities and assets
7.78%Limit 30%Pass
Dividend purification
51.52%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 Independent Bank Corp. (INDB). Current Akinda screening label: Not Halal.