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Shariah compliance overview

Not Halal

Midland States Bancorp, Inc. (MSBI) is currently classified as Not Halal by Akinda Shariah screening (AAOIFI-aligned methodology).

About Midland States Bancorp, Inc.

Midland States Bancorp, Inc. operates as a financial holding company for Midland States Bank that provides various banking products and services to individuals, businesses, municipalities, and other entities. It operates in Banking and Wealth Management segments.

Midland States Bancorp, Inc. (MSBI) 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
57.07%Limit 5%Fail
Interest-bearing debt
75.49%Limit 30%Fail
Interest-bearing securities and assets
281.78%Limit 30%Fail
Dividend purification
54.83%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 Midland States Bancorp, Inc. (MSBI). Current Akinda screening label: Not Halal.