What is Bankwell Financial Group, Inc.'s Shariah compliance score?

Bankwell Financial Group, Inc.'s (BWFG) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Bankwell Financial Group, Inc. pass AAOIFI screening?

Bankwell Financial Group, Inc. (BWFG) 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% (BWFG: 38.9%), (3) interest-bearing deposits below 30% (BWFG: 108.0%), and (4) prohibited income below 5% (BWFG: 8052.7%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Bankwell Financial Group, Inc. stock?

Bankwell Financial Group, Inc. (BWFG) has a non-permissible income ratio of 8052.66%. Muslim investors should purify this percentage of any dividends received and capital gains realized from BWFG shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Bankwell Financial Group, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Bankwell Financial Group, Inc. (BWFG) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about BWFG's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

BWFG: Is Bankwell Financial Group, Inc. Halal?

Bankwell Financial Group, Inc.

NASDAQFinancial ServicesUS

$58.00

+0.40%

Market Cap: 462.4M

Compliance Status

Not Halal

Screened on Jul 19, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

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

AvoidBorderlineClean

Business activity

Involved in prohibited business activities.

Failed

Company debt

Over the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

38.9% of 30.0% limit

What this means for you

Most scholars advise not holding BWFG

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Bankwell Financial Group, Inc.

Bankwell Financial Group, Inc. operates as the parent company for Bankwell Bank, delivering a full spectrum of financial services to both individual consumers and business clients. Its foundational deposit offerings encompass checking, savings, and money market accounts, as well as certificates of deposit. The institution also extends a wide array of lending products. These include residential mortgages for owner-occupied properties (ranging from single-family homes to four-unit dwellings) intended for personal use, alongside home equity loans and lines of credit. For its commercial clientele, Bankwell provides financing secured by commercial real estate, multi-family residences, and investor-owned residential properties (one to four units). It also offers commercial construction loans for development projects such as apartment complexes, condominiums, office buildings, retail spaces, and other income-generating properties. Further loan options include land loans, commercial business loans (often backed by corporate assets and personal guarantees from business owners), and loans secured by customer savings or certificate accounts and automobiles. Additionally, the bank offers unsecured personal loans and overdraft protection lines of credit. The company maintains a network of branch locations across Connecticut, specifically in New Canaan, Stamford, Fairfield, Wilton, Westport, Darien, Norwalk, and Hamden. Established in 2002 under its former name, BNC Financial Group, Inc., the organization rebranded to Bankwell Financial Group, Inc. in September 2013. Its corporate headquarters are located in New Canaan, Connecticut.

Sector: Financial Services · Industry: Banks - Regional

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 19, 2026

Business Activity Screen

Failed

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

Prohibited industry: Banks - Regional

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: Q1 2026Data source: EDGAR

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

$368.41

+0.17%

SLVA+

iShares Silver Trust

$50.78

+0.47%

PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

More Financial Services Stocks

JPM

JPMorgan Chase & Co.

Visa Inc.

Mastercard Incorporated

A+

PYPL

PayPal Holdings, Inc.

C+

BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

Track BWFG and 10,000+ stocks with AI insights

Create your free account to unlock AI-powered compliance analysis, track your portfolio, calculate purification, and get unlimited AAOIFI screening.

Get Started Free Browse Screener

10,000+ assets AAOIFI standards Free watchlist

Frequently Asked Questions

Is Bankwell Financial Group, Inc. (BWFG) halal to invest in?

Bankwell Financial Group, Inc. (BWFG) 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 Bankwell Financial Group, Inc. get a F compliance rating?

Bankwell Financial Group, Inc. (BWFG) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 38.9% (limit 30%); interest-bearing deposits of 108.0% (limit 30%); prohibited income of 8052.66% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Bankwell Financial Group, Inc.'s Shariah verdict?

Bankwell Financial Group, Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is Bankwell Financial Group, Inc. re-screened for Shariah compliance?

Bankwell Financial Group, Inc. (BWFG) 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: Jul 19, 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.