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Shariah compliance overview

Not Halal

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

About Carter Bankshares, Inc.

Carter Bankshares, Inc. functions as the parent company for Carter Bank & Trust, delivering a comprehensive suite of banking solutions. It provides a variety of deposit accounts, including checking, savings, retirement, money market, and longer-term certificates of deposit.

Carter Bankshares, Inc. (CARE) 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
74.67%Limit 5%Fail
Interest-bearing debt
43.33%Limit 30%Fail
Interest-bearing securities and assets
118.62%Limit 30%Fail
Dividend purification
74.62%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 Carter Bankshares, Inc. (CARE). Current Akinda screening label: Not Halal.