Is HERITAGE FINANCIAL CORP /WA/ (HFWA) 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 | 39.8% | |
| Net Margin | 27.7% | |
| Return on Equity (ROE) | 7.6% | |
| Return on Assets (ROA) | 1.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $95M |
| Free Cash Flow | $86M |
| Total Debt | $42M |
| Total Assets | $7.0B |
Price & Trading
| Last Close | $25.58 |
| 50-Day MA | $26.34 |
| 200-Day MA | $24.47 |
| Avg Volume | 302K |
| Beta | 0.5 |
|
52-Week Range
$19.84
| |
About HERITAGE FINANCIAL CORP /WA/ (HFWA)
Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and its owners in the United States. It accepts various deposit products, such as noninterest demand deposits, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit. The company also offers commercial business loans, including lines of credit, term equipment financing and term owner-occupied, and non-owner occupied CRE loans; real estate construction and land development loans, as well as residential construction loans, and commercial and multifamily construction loans; residential real estate loans; and originate loans that are guaranteed by the U.S. SBA, and secured and unsecured consumer loans and lines of credit. In addition, it provides investment advice, online banking, online statements, mobile banking with mobile deposit, Visa debit cards, and access. The company was formerly known as Heritage Financial Corporation, M.H.C. and changed its name to Heritage Financial Corporation in 1998. Heritage Financial Corporation was founded in 1927 and is headquartered in Olympia, Washington.
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Frequently Asked Questions
Is HERITAGE FINANCIAL CORP /WA/ (HFWA) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), HERITAGE FINANCIAL CORP /WA/ 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 HERITAGE FINANCIAL CORP /WA/'s debt ratio?
HERITAGE FINANCIAL CORP /WA/'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are HERITAGE FINANCIAL CORP /WA/'s key financial metrics?
HERITAGE FINANCIAL CORP /WA/ has a market capitalization of $1.0B, trailing P/E ratio of 12.8, and revenue of $246M. Return on equity stands at 7.6%.
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.