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

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

Does MidWestOne Financial Group, Inc. pass AAOIFI screening?

MidWestOne Financial Group, Inc. (MOFG) 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% (MOFG: 11.5%), (3) interest-bearing deposits below 30% (MOFG: 150.7%), and (4) prohibited income below 5% (MOFG: 142.8%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

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

MidWestOne Financial Group, Inc. (MOFG) has a non-permissible income ratio of 142.83%. Muslim investors should purify this percentage of any dividends received and capital gains realized from MOFG 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 MidWestOne Financial Group, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for MidWestOne Financial Group, Inc. (MOFG) 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 MOFG's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

MOFG: Is MidWestOne Financial Group, Inc. Halal?

MidWestOne Financial Group, Inc.

NASDAQFinancial ServicesUS

$49.31

+2.35%

Market Cap: 1.0B

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is MidWestOne Financial Group, Inc. (MOFG) halal? Not Halal. Based on AAOIFI screening, MidWestOne 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

Well clear of the limit

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

11.5% of 30.0% limit

What this means for you

Most scholars advise not holding MOFG

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About MidWestOne Financial Group, Inc.

MidWestOne Financial Group, Inc. (MOFG) operates as a bank holding company for MidWestOne Bank, providing a comprehensive range of commercial and retail banking products and services. These offerings cater to a diverse client base, including individuals, businesses, governmental units, and institutional customers. The company's deposit options encompass various account types such as non-interest-bearing and interest-bearing demand deposit accounts, interest checking, savings, money market accounts, certificates of deposit, and time deposits. Its lending solutions are extensive, covering commercial and industrial loans, financing for commercial and residential real estate, agricultural loans, credit card services, and consumer loans like secured and unsecured personal loans, as well as automobile loans. In addition to traditional banking, MOFG delivers a robust suite of trust and investment services. These include administering estates, personal trusts, and conservatorships, alongside property and farm management, investment advisory, retail securities brokerage, financial planning, and custodial services. Investment-related offerings further extend to securities trading, mutual fund sales, fixed and variable annuities, and both tax-exempt and conventional unit trusts. Customers also benefit from other convenient services such as treasury management, debit cards, automated teller machines (ATMs), online and mobile banking platforms, and safe deposit boxes. MidWestOne Financial Group, Inc. primarily delivers its services through a network of 56 banking offices situated in central and eastern Iowa, the Minneapolis/St. Paul metropolitan area of Minnesota, southwestern Wisconsin, southwestern Florida, and Denver, Colorado. The company was incorporated in 1983 and is headquartered in Iowa City, Iowa.

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 2024Data 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

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PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

ABA+

AllianceBernstein Holding L.P.

$36.03

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Free · No credit card required

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Frequently Asked Questions

Is MidWestOne Financial Group, Inc. (MOFG) halal to invest in?

MidWestOne Financial Group, Inc. (MOFG) 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 MidWestOne Financial Group, Inc. get a F compliance rating?

MidWestOne Financial Group, Inc. (MOFG) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 11.5% (limit 30%); interest-bearing deposits of 150.7% (limit 30%); prohibited income of 142.83% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

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

MidWestOne 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 MidWestOne Financial Group, Inc. re-screened for Shariah compliance?

MidWestOne Financial Group, Inc. (MOFG) 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.