Is Hanover Bancorp, Inc. /MD (HNVR) 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 | 29.4% | |
| Net Margin | 11.9% | |
| Return on Equity (ROE) | 3.8% | |
| Return on Assets (ROA) | 0.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $13M |
| Free Cash Flow | $12M |
| Total Debt | $136M |
| Total Assets | $2.4B |
Price & Trading
| Last Close | $21.29 |
| 50-Day MA | $22.18 |
| 200-Day MA | $22.22 |
| Avg Volume | 13K |
| Beta | 0.1 |
|
52-Week Range
$18.31
| |
About Hanover Bancorp, Inc. /MD (HNVR)
Hanover Bancorp, Inc. operates as the bank holding company for Hanover Community Bank that provides banking products and services for small and medium-sized businesses, municipalities, and individuals. It offers a full-service bank providing personal and business lending and deposit services. The company offers checking, savings, money market, time deposit, NOW, and individual retirement accounts, as well as certificates of deposit. It also provides residential and commercial real estate mortgages, commercial and industrial loans, lines of credit, and small business administration loans, as well as home equity, multi-family, business, bridge, and other personal purpose loans. In addition, the company offers cards, cash management, and online and mobile banking services, as well as merchant, professional, and digital solutions. It operates banking offices in Kings, Nassau, Suffolk, New York, and Queens counties, New York; and Monmouth County, New Jersey. The company was founded in 2008 and is headquartered in Mineola, New York.
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Frequently Asked Questions
Is Hanover Bancorp, Inc. /MD (HNVR) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Hanover Bancorp, Inc. /MD 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 Hanover Bancorp, Inc. /MD's debt ratio?
Hanover Bancorp, Inc. /MD's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are Hanover Bancorp, Inc. /MD's key financial metrics?
Hanover Bancorp, Inc. /MD has a market capitalization of $152M, trailing P/E ratio of 21.2, and revenue of $73M. Return on equity stands at 3.8%.
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.