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Shariah compliance overview

Not Halal

Nicolet Bankshares, Inc. (NIC) is currently classified as Not Halal by Akinda Shariah screening (AAOIFI-aligned methodology).

About Nicolet Bankshares, Inc.

Nicolet Bankshares, Inc. operates as the bank holding company for Nicolet National Bank that provides banking products and services for businesses and individuals in Wisconsin, Michigan, and Minnesota.

Nicolet Bankshares, Inc. (NIC) 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 securities and assets.

Business Activity
51.11%Limit 5%Fail
Interest-bearing debt
7.68%Limit 30%Pass
Interest-bearing securities and assets
67.40%Limit 30%Fail
Dividend purification
51.11%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 Nicolet Bankshares, Inc. (NIC). Current Akinda screening label: Not Halal.