What is Hanmi Financial Corporation's Shariah compliance score?

Hanmi Financial Corporation's (HAFC) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Hanmi Financial Corporation pass AAOIFI screening?

Hanmi Financial Corporation (HAFC) 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% (HAFC: 29.4%), (3) interest-bearing deposits below 30% (HAFC: 31.9%), and (4) prohibited income below 5% (HAFC: 158.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Hanmi Financial Corporation stock?

Hanmi Financial Corporation (HAFC) has a non-permissible income ratio of 158.01%. Muslim investors should purify this percentage of any dividends received and capital gains realized from HAFC 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 Hanmi Financial Corporation for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Hanmi Financial Corporation (HAFC) 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 HAFC's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

HAFC: Is Hanmi Financial Corporation Halal?

Hanmi Financial Corporation

NASDAQFinancial ServicesUS

$32.49

-2.08%

Market Cap: 967.1M

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Hanmi Financial Corporation (HAFC) halal? Not Halal. Based on AAOIFI screening, Hanmi Financial Corporation 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

Close to the limit

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

29.4% of 30.0% limit

What this means for you

Most scholars advise not holding HAFC

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Hanmi Financial Corporation

Hanmi Financial Corporation serves as the parent company for Hanmi Bank, which delivers a wide spectrum of commercial banking solutions across the United States. The bank's diverse deposit offerings include checking accounts (both interest-bearing and non-interest-bearing), savings accounts, negotiable order of withdrawal (NOW) accounts, money market accounts, and certificates of deposit. Regarding lending, Hanmi provides various types of credit: Real Estate Loans: Covering commercial properties, construction projects, and residential homes. Commercial and Industrial Loans: Such as commercial term loans and lines of credit. International Finance and Trade Services: Including letters of credit and import/export financing. Consumer Loans: Encompassing general consumer loans, secured and unsecured options, home equity loans, residential mortgages, and credit cards. A significant focus is placed on assisting small and mid-sized businesses with Small Business Administration (SBA) and trade finance lending. These SBA programs support a range of business activities, including the acquisition of owner-occupied commercial real estate, funding for business acquisitions and startups, franchise financing, working capital, property improvements and renovations, inventory and equipment purchases, and debt refinancing. Additionally, equipment lease financing is available. As of February 28, 2022, Hanmi Financial operated a network comprising 35 full-service branches and 8 loan production offices situated across California, Texas, Illinois, Virginia, New Jersey, New York, Colorado, Washington, and Georgia. The institution was established in 1982 and maintains its headquarters in Los Angeles, California.

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: 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%

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A+

PYPL

PayPal Holdings, Inc.

C+

BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

Is Hanmi Financial Corporation (HAFC) halal to invest in?

Hanmi Financial Corporation (HAFC) 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 Hanmi Financial Corporation get a F compliance rating?

Hanmi Financial Corporation (HAFC) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 29.4% (limit 30%); interest-bearing deposits of 31.9% (limit 30%); prohibited income of 158.01% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Hanmi Financial Corporation's Shariah verdict?

Hanmi Financial Corporation'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 Hanmi Financial Corporation re-screened for Shariah compliance?

Hanmi Financial Corporation (HAFC) 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.