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Shariah compliance overview

Not Halal

BayFirst Financial Corp. (BAFN) is currently classified as Not Halal by Akinda Shariah screening (AAOIFI-aligned methodology).

About BayFirst Financial Corp.

Founded in 1999 and headquartered in Saint Petersburg, Florida, BayFirst Financial Corp. functions as the parent entity for First Home Bank. This financial institution offers a comprehensive array of commercial and consumer banking solutions for both businesses and individual clients.

BayFirst Financial Corp. (BAFN) 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
69.26%Limit 5%Fail
Interest-bearing debt
16.26%Limit 30%Pass
Interest-bearing securities and assets
445.36%Limit 30%Fail
Dividend purification
69.26%Share of dividends to give to charityPurification calculator

Last updated: Oct 22, 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 BayFirst Financial Corp. (BAFN). Current Akinda screening label: Not Halal.