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Shariah compliance overview

Not Halal

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

About Bogota Financial Corp.

Bogota Financial Corp. operates as the bank holding company for Bogota Savings Bank that provides banking products and services in the United States. It offers deposit accounts, including demand accounts, savings accounts, money market accounts, and certificate of deposit accounts.

Bogota Financial Corp. (BSBK) 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
97.98%Limit 5%Fail
Interest-bearing debt
92.36%Limit 30%Fail
Interest-bearing securities and assets
135.66%Limit 30%Fail
Dividend purification
97.98%Share of dividends to give to charityPurification calculator

Last updated: Oct 23, 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 Bogota Financial Corp. (BSBK). Current Akinda screening label: Not Halal.