Is ArrowMark Financial Corp. (BANX) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Asset Management | ✗ NOT HALAL | |||
| DJIM | Excluded — Asset Management | ✗ NOT HALAL | |||
| MSCI | Excluded — Asset Management | ✗ NOT HALAL | |||
| S&P | Excluded — Asset Management | ✗ NOT HALAL | |||
| FTSE | Excluded — Asset Management | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 100.0% | |
| Operating Margin | 75.6% | |
| Net Margin | 67.4% | |
| Return on Equity (ROE) | 11.0% | |
| Return on Assets (ROA) | 6.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $14M |
| Free Cash Flow | $14M |
| Total Debt | $47M |
| Debt-to-Equity | 14.7 |
| Current Ratio | 1.1 |
| Total Assets | $208M |
Price & Trading
| Last Close | $18.97 |
| 50-Day MA | $20.01 |
| 200-Day MA | $20.99 |
| Avg Volume | 62K |
| Beta | 0.3 |
|
52-Week Range
$17.99
| |
About ArrowMark Financial Corp. (BANX)
ArrowMark Financial Corp. is a closed-end balanced mutual fund launched and managed by ArrowMark Asset Management, LLC. It invests in public equity and fixed income markets of global region. For its equity portion, the fund invests in stocks of companies operating across financials, banks sectors. It invests in growth and value stocks of companies across diversified market capitalization. For its fixed income portion, the fund invests in debt and subordinated debt, structured notes and securities, regulatory capital securities which are rated below investment grade. ArrowMark Financial Corp. was formed on February 7, 2013 and is domiciled in the United States.
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Frequently Asked Questions
Is ArrowMark Financial Corp. (BANX) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), ArrowMark Financial Corp. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is ArrowMark Financial Corp.'s debt ratio?
ArrowMark Financial Corp.'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are ArrowMark Financial Corp.'s key financial metrics?
ArrowMark Financial Corp. has a market capitalization of $146M, trailing P/E ratio of 7.6, and revenue of $20M. The company maintains a gross margin of 100.0% and a net margin of 67.4%. Return on equity stands at 11.0%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.