Is First Internet Bancorp (INBK) 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 | 23.8% | |
| Net Margin | -79.6% | |
| Return on Equity (ROE) | -9.5% | |
| Return on Assets (ROA) | -0.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $3M |
| Free Cash Flow | $2M |
| Total Debt | $355M |
| Total Assets | $5.6B |
Price & Trading
| Last Close | $20.02 |
| 50-Day MA | $20.91 |
| 200-Day MA | $22.12 |
| Avg Volume | 57K |
| Beta | 0.8 |
|
52-Week Range
$17.05
| |
About First Internet Bancorp (INBK)
First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides various commercial, small business, consumer, and municipal banking products and services to individuals and commercial customers in the United States. The company offers noninterest-bearing and interest-bearing demand deposits, savings accounts, and money market accounts, as well as certificates of deposit and brokered deposits. It also provides commercial and industrial, owner-occupied commercial real estate, investor commercial real estate, construction, single tenant lease financing, single tenant lease, public, specialty, healthcare and finance, small business lending, commercial deposits and treasury management, franchise finance, residential mortgage, home equity, and other consumer loans. In addition, the company is involved in the provision of municipal finance lending and leasing products to government entities, as well as treasury management services; purchase, manage, service, and safekeeping of municipal securities; and offers corporate credit cards. First Internet Bancorp was founded in 1998 and is headquartered in Fishers, Indiana.
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Frequently Asked Questions
Is First Internet Bancorp (INBK) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), First Internet Bancorp 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 Internet Bancorp's debt ratio?
First Internet Bancorp'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 Internet Bancorp's key financial metrics?
First Internet Bancorp has a market capitalization of $173M, and revenue of $110M. 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.