Shariah compliance overview
Not HalalMercantile 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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Company Profile
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Frequently asked questions
Quick answers about Mercantile Bank Corporation (MBWM). Current Akinda screening label: Not Halal.
