What is ArrowMark Financial Corp.'s Shariah compliance score?

ArrowMark Financial Corp.'s (BANX) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does ArrowMark Financial Corp. pass AAOIFI screening?

ArrowMark Financial Corp. (BANX) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (BANX: 0.0%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for ArrowMark Financial Corp. stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for ArrowMark Financial Corp. (BANX) using the latest financial data.

Where can I screen ArrowMark Financial Corp. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for ArrowMark Financial Corp. (BANX) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about BANX's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

BANX: Is ArrowMark Financial Corp. Halal?

ArrowMark Financial Corp.

NASDAQFinancial ServicesUS

$20.57

-0.48%

Market Cap: 199.2M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is ArrowMark Financial Corp. (BANX) halal? Not Halal. Based on AAOIFI screening, ArrowMark Financial Corp. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Basket rule

Over the limit

An ETF is halal when non-compliant holdings stay under 5% of the basket by weight.

99.3% of 5.0% limit

99% of the basket's holdings were screened individually.

About ArrowMark Financial Corp.

StoneCastle Financial Corp., a closed-end mutual fund managed by StoneCastle Asset Management LLC, implements a diversified investment approach. Its equity holdings are primarily concentrated in publicly traded companies within the U.S. banking industry, specifically including dividend-paying growth and value stocks. As for its fixed-income allocation, the fund invests in subordinated debt securities that maintain a Kroll Ratings assessment of BBB- or higher. The fund builds its portfolio through a meticulous bottom-up, fundamental analysis strategy. This process involves a comprehensive review of past and future financial data, direct interviews with the management and essential personnel of potential banking investments, and the development of detailed financial models and projections. Furthermore, the fund carefully monitors broader economic indicators, such as changes in interest rates, unemployment rates, home prices, and overall economic activity. Proprietary research also plays a crucial role in shaping its investment choices. StoneCastle Financial Corp. was established on February 7, 2013, and is domiciled in the United States.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Basket-weighted haram holdings exceed 5% (99.3%)

Basket Composition

99% of basket screened

ETFs are baskets of many stocks. AAOIFI-aligned rule: basket is halal when haram weight is under 5%. The purification share is the weighted prohibited-income contribution of the underlying holdings.

99%

Halal0%

Doubtful0%

Not Halal99%

Unknown1%

Top Holdings

Community Funding 2018, LLCNot Halal4.85%CRAFTNot Halal4.32%AMF Ireland Finance 5 - Series 1Not Halal4.18%CRAFTNot Halal4.16%ColonnadeNot Halal3.93%SalisburyNot Halal3.88%AMF Ireland Finance 5 - Series 3Not Halal3.38%AMF Ireland Finance 1 - Series 1Not Halal3.00%ColonnadeNot Halal3.00%AMF Ireland Finance 6 - Series 1Not Halal2.88%

Fiscal: N/AData source: FMP-LOOKTHROUGH

Halal Alternatives in Financial Services

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

GLDA+

SPDR Gold Shares

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+0.17%

SLVA+

iShares Silver Trust

$57.44

+0.47%

PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

CEFA+

Sprott Physical Gold and Silver Trust

$43.28

+4.44%

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Free · No credit card required

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Frequently Asked Questions

Is ArrowMark Financial Corp. (BANX) halal to invest in?

ArrowMark Financial Corp. (BANX) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did ArrowMark Financial Corp. get a F compliance rating?

ArrowMark Financial Corp.'s compliance grade is determined by AAOIFI Standard 21 screening, a two-step process: (1) qualitative screen for prohibited business activities and (2) quantitative check of debt, interest deposits, and prohibited income ratios. Scroll up to see the detailed ratio breakdown.

What could change ArrowMark Financial Corp.'s Shariah verdict?

ArrowMark Financial Corp.'s verdict is recalculated whenever the fund rebalances or holdings change materially. If the haram-weight of underlying holdings crosses 5% (the AAOIFI threshold for fund look-through), the verdict will flip to Not Halal. HalalScreener rescreens ETFs at each rebalance cycle.

How often is ArrowMark Financial Corp. re-screened for Shariah compliance?

ArrowMark Financial Corp. (BANX) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Aug 26, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.