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Shariah compliance overview

Not Halal

Mercantile Bank Corporation (MBWM) is currently classified as Not Halal by Akinda Shariah screening (AAOIFI-aligned methodology).

About Mercantile Bank Corporation

Mercantile Bank Corporation serves as the parent holding company for Mercantile Bank of Michigan, providing a full spectrum of commercial and personal banking solutions to small and mid-sized businesses, as well as individual customers, across the United States.

Mercantile Bank Corporation (MBWM) 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
50.18%Limit 5%Fail
Interest-bearing debt
108.24%Limit 30%Fail
Interest-bearing securities and assets
206.49%Limit 30%Fail
Dividend purification
48.64%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 Mercantile Bank Corporation (MBWM). Current Akinda screening label: Not Halal.