Is MidWestOne Financial Group, Inc. (MOFG) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| 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 | 41.7% | |
| Net Margin | 26.4% | |
| Return on Equity (ROE) | 10.0% | |
| Return on Assets (ROA) | 0.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $63M |
| Free Cash Flow | $61M |
| Total Debt | $113M |
| Total Assets | $6.2B |
Price & Trading
| Last Close | $48.18 |
| 50-Day MA | $42.70 |
| 200-Day MA | $33.66 |
| Avg Volume | 207K |
| Beta | 1.1 |
|
52-Week Range
$24.62
| |
About MidWestOne Financial Group, Inc. (MOFG)
MidWestOne Financial Group, Inc. operates as the bank holding company for MidWestOne Bank that provides commercial and retail banking products and services to individuals, businesses, governmental units, and institutional customers. The company offers various deposit products, including noninterest bearing and interest bearing demand deposits, demand and interest checking, savings, money market, and time deposits accounts. It also provides commercial, real estate, agricultural, credit card, and consumer loans; and financing arrangements, such as brokered deposits, term debt, subordinated debt, and equity. In addition, it offers private wealth and investment services comprising administering estates, trusts, and conservatorships; property and farm management, investment advisory, retail securities brokerage, financial planning, and custodial services; and licensed broker services. Further, the company provides treasury management, Zelle, online and mobile banking, debit cards, automated teller machines, and safe deposit boxes. MidWestOne Financial Group, Inc. was founded in 1934 and is headquartered in Iowa City, Iowa.
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Frequently Asked Questions
Is MidWestOne Financial Group, Inc. (MOFG) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), MidWestOne Financial Group, 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 MidWestOne Financial Group, Inc.'s debt ratio?
MidWestOne Financial Group, 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 MidWestOne Financial Group, Inc.'s key financial metrics?
MidWestOne Financial Group, Inc. has a market capitalization of $1.0B, trailing P/E ratio of 14.7, and revenue of $69M. Return on equity stands at 10.0%.
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.