Is Carter Bankshares, Inc. (CARE) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Banks - Regional | ✗ NOT HALAL | |||
| DJIM | Excluded — Banks - Regional | ✗ NOT HALAL | |||
| MSCI | Excluded — Banks - Regional | ✗ NOT HALAL | |||
| S&P | Excluded — Banks - Regional | ✗ NOT HALAL | |||
| FTSE | Excluded — Banks - Regional | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 30.0% | |
| Net Margin | 20.0% | |
| Return on Equity (ROE) | 7.8% | |
| Return on Assets (ROA) | 0.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $40M |
| Free Cash Flow | $32M |
| Total Debt | $178M |
| Total Assets | $4.9B |
Price & Trading
| Last Close | $21.94 |
| 50-Day MA | $20.94 |
| 200-Day MA | $19.16 |
| Avg Volume | 150K |
| Beta | 0.5 |
|
52-Week Range
$13.61
| |
About Carter Bankshares, Inc. (CARE)
Carter Bankshares, Inc. operates as the bank holding company for Carter Bank & Trust that provides various retail and commercial banking products and insurance services in the United States. It offers various deposit products, including checking, savings, retirement, and money market accounts, as well as certificates of deposit. The company also provides commercial loans, such as secured and unsecured, real estate construction and acquisition, and commercial and industrial loans; consumer loans, such as automobiles, home improvements, education, overdraft protection, and personal, and residential mortgages loans; home equity lines of credit; and credit cards, as well as originates and holds fixed and variable rate mortgage loans. In addition, it offers other banking services that include safe deposit boxes, direct deposit of payroll, social security checks, and debit cards; online banking products, including online and mobile banking, online account opening, bill payment, electronic statement, mobile deposit, Zelle, credit monitoring tools, digital wallet, MoneyPass, and ATM services; title insurance and other financial institution-related products and services; and treasury and corporate cash management services. Carter Bankshares, Inc. was founded in 1974 and is headquartered in Martinsville, Virginia.
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Frequently Asked Questions
Is Carter Bankshares, Inc. (CARE) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Carter Bankshares, Inc. 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 Carter Bankshares, Inc.'s debt ratio?
Carter Bankshares, Inc.'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are Carter Bankshares, Inc.'s key financial metrics?
Carter Bankshares, Inc. has a market capitalization of $507M, trailing P/E ratio of 16.6, and revenue of $149M. Return on equity stands at 7.8%.
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.