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Shariah compliance overview

Not Halal

Merchants Bancorp (MBIN) is currently classified as Not Halal by Akinda Shariah screening (AAOIFI-aligned methodology).

About Merchants Bancorp

Merchants Bancorp operates as a diversified financial services holding company across the United States. Its operations are organized into three primary divisions: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking.

Merchants Bancorp (MBIN) 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, Interest-bearing securities and assets.

Business Activity
47.35%Limit 5%Fail
Interest-bearing debt
209.98%Limit 30%Fail
Interest-bearing securities and assets
48.11%Limit 30%Fail
Dividend purification
47.35%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 Merchants Bancorp (MBIN). Current Akinda screening label: Not Halal.