Is FIRST MERCHANTS CORP (FRME) 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 | 42.7% | |
| Net Margin | 35.2% | |
| Return on Equity (ROE) | 9.5% | |
| Return on Assets (ROA) | 1.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $284M |
| Free Cash Flow | $284M |
| Total Debt | $856M |
| Total Assets | $19.0B |
Price & Trading
| Last Close | $38.27 |
| 50-Day MA | $39.28 |
| 200-Day MA | $38.54 |
| Avg Volume | 402K |
| Beta | 0.9 |
|
52-Week Range
$33.13
| |
About FIRST MERCHANTS CORP (FRME)
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides commercial and consumer banking services. The company offers a range of financial services, including checking, savings, and deposit products; debit and credit cards; mortgages, refinance, construction or renovation of residential properties, agricultural lending, treasury management services and depository products. It also provides personal and commercial wealth management services, brokerage, investment management, private banking, fiduciary estate, and financial planning services. The company operates banking locations in Indiana, Ohio, and Michigan counties. It offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.
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Frequently Asked Questions
Is FIRST MERCHANTS CORP (FRME) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), FIRST MERCHANTS 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 FIRST MERCHANTS CORP's debt ratio?
FIRST MERCHANTS 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 FIRST MERCHANTS CORP's key financial metrics?
FIRST MERCHANTS CORP has a market capitalization of $2.4B, trailing P/E ratio of 9.8, and revenue of $663M. Return on equity stands at 9.5%.
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.