Is Richmond Mutual Bancorporation, Inc. (RMBI) 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 | 34.5% | |
| Net Margin | 24.8% | |
| Return on Equity (ROE) | 8.3% | |
| Return on Assets (ROA) | 0.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $15M |
| Free Cash Flow | $14M |
| Total Debt | $265M |
| Total Assets | $1.5B |
Price & Trading
| Last Close | $13.46 |
| 50-Day MA | $13.88 |
| 200-Day MA | $13.92 |
| Avg Volume | 16K |
| Beta | 0.3 |
|
52-Week Range
$11.80
| |
About Richmond Mutual Bancorporation, Inc. (RMBI)
Richmond Mutual Bancorporation, Inc. operates as the bank holding company for First Bank Richmond that provides various banking services. The company accepts various deposits, including savings deposit accounts, money market accounts, NOW and demand accounts, and certificates of deposit. It also offers a range of lending products, such as multi-family and commercial real estate loans, commercial and industrial loans, construction and development loans, and residential real estate loans, including home equity loans, lines of credits, and consumer loans. In addition, the company engages in the lease financing business; and provision of fee-based financial services comprising trust and estate administration, investment management, retirement plan administration, and private banking services. Richmond Mutual Bancorporation, Inc. was founded in 1887 and is headquartered in Richmond, Indiana.
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Frequently Asked Questions
Is Richmond Mutual Bancorporation, Inc. (RMBI) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Richmond Mutual Bancorporation, 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 Richmond Mutual Bancorporation, Inc.'s debt ratio?
Richmond Mutual Bancorporation, 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 Richmond Mutual Bancorporation, Inc.'s key financial metrics?
Richmond Mutual Bancorporation, Inc. has a market capitalization of $131M, trailing P/E ratio of 11.5, and revenue of $43M. Return on equity stands at 8.3%.
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.