Shariah compliance overview
Not HalalWaterstone 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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Company Profile
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Frequently asked questions
Quick answers about Waterstone Financial, Inc. (WSBF). Current Akinda screening label: Not Halal.
