What is ConnectOne Bancorp, Inc.'s Shariah compliance score?

ConnectOne Bancorp, Inc.'s (CNOB) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does ConnectOne Bancorp, Inc. pass AAOIFI screening?

ConnectOne Bancorp, Inc. (CNOB) 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% (CNOB: 71.9%), (3) interest-bearing deposits below 30% (CNOB: 82.5%), and (4) prohibited income below 5% (CNOB: 106.3%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for ConnectOne Bancorp, Inc. stock?

ConnectOne Bancorp, Inc. (CNOB) has a non-permissible income ratio of 106.33%. Muslim investors should purify this percentage of any dividends received and capital gains realized from CNOB 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 ConnectOne Bancorp, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for ConnectOne Bancorp, Inc. (CNOB) 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 CNOB's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

CNOB: Is ConnectOne Bancorp, Inc. Halal?

ConnectOne Bancorp, Inc.

NASDAQFinancial ServicesUS

$32.38

+1.00%

Market Cap: 1.6B

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is ConnectOne Bancorp, Inc. (CNOB) halal? Not Halal. Based on AAOIFI screening, ConnectOne Bancorp, 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%.

71.9% of 30.0% limit

What this means for you

Most scholars advise not holding CNOB

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About ConnectOne Bancorp, Inc.

ConnectOne Bancorp, Inc. (CNOB) serves as the holding company for ConnectOne Bank, a financial institution providing a comprehensive array of commercial banking products and services. The bank caters to small and medium-sized businesses, local professionals, and individual clients across its operating regions, which include Northern New Jersey, the greater New York Metropolitan area, and the South Florida market. Its offerings include a variety of deposit accounts such as personal and business checking, retirement plans, money market accounts, and both time and savings deposits. ConnectOne Bank extends diverse credit facilities, encompassing secured and unsecured consumer and commercial business loans, revolving lines of credit, commercial mortgage loans, residential mortgages for primary and secondary residences, home equity loans, bridge loans, other personal purpose loans, and financing for commercial construction and real estate projects. Beyond lending and deposits, the company provides essential banking services such as check cards, ATM cards, credit cards, wire transfers, automated teller machine access, online banking platforms, treasury direct services, Automated Clearing House (ACH) origination, mobile banking via phone, secure safe deposit boxes, and remote deposit capture capabilities. The bank maintains an extensive physical presence, operating eight branches in Bergen County, five in Union County, and one each in Morris, Essex, Hudson, and Monmouth Counties in New Jersey. In New York, it has an office in Manhattan, one in Nassau County on Long Island, another in Astoria, and five additional branches situated throughout the Hudson Valley. Furthermore, it operates a financial center in West Palm Beach, Florida. Originally incorporated in 1982 as Center Bancorp, Inc., the company adopted its current name, ConnectOne Bancorp, Inc., in July 2014. Its corporate headquarters are located in Englewood Cliffs, New Jersey.

Sector: Financial Services · Industry: Banks - Regional

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 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: FY 2025Data source: FMP

Halal Alternatives in Financial Services

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

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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%

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Free · No credit card required

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Frequently Asked Questions

Is ConnectOne Bancorp, Inc. (CNOB) halal to invest in?

ConnectOne Bancorp, Inc. (CNOB) 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 ConnectOne Bancorp, Inc. get a F compliance rating?

ConnectOne Bancorp, Inc. (CNOB) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 71.9% (limit 30%); interest-bearing deposits of 82.5% (limit 30%); prohibited income of 106.33% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change ConnectOne Bancorp, Inc.'s Shariah verdict?

ConnectOne Bancorp, 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 ConnectOne Bancorp, Inc. re-screened for Shariah compliance?

ConnectOne Bancorp, Inc. (CNOB) 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 18, 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.