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Shariah compliance overview

Not Halal

Waterstone Financial, Inc. (WSBF) is currently classified as Not Halal by Akinda Shariah screening (AAOIFI-aligned methodology).

About Waterstone Financial, Inc.

Waterstone Financial, Inc. functions as a bank holding company, with its principal operations conducted through its subsidiary, WaterStone Bank SSB. It offers a broad spectrum of financial services to customers situated in southeastern Wisconsin, USA.

Waterstone Financial, Inc. (WSBF) 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
54.23%Limit 5%Fail
Interest-bearing debt
153.78%Limit 30%Fail
Interest-bearing securities and assets
87.37%Limit 30%Fail
Dividend purification
54.23%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 Waterstone Financial, Inc. (WSBF). Current Akinda screening label: Not Halal.